 |
|
|
|||||||||||||||||||||
We´ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We´ll be looking at the yearly release figure and the market could react with lots of volatility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release. Here is the forecast:
4:30am NY Time UK CPI y/y Forecast 4.8% Previous 5.0%
ACTION: GBP/USD BUY 4.5% SELL 5.1%
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost of living”, is what drives Central Banks to raise/cut interest rate, therefore this release will be widely watched. Here´s the forecast for the CPI:
8:30am (NY Time) US Core CPI m/m Forecast 0.1% Previous 0.1%
ACTION: 0.3% BUY USDJPY / -0.1% BUY AUDUSD
We´ll be getting the U.S. Core Retail Sales (and Retail Sales) figure out tomorrow. As high impact news releases are concerned, Retail Sales make up about 2/3 of U.S. GDP (Gross Domestic Product); Core Retail Sales report excludes Auto
sales which comprises 20% of total retail sales. Therefore, we are more focused on daily consumer spending on goods found in such places as department stores, gas stations, and restaurants.
We´ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We´ll be looking at the yearly release figure and the market could react with lots of volatility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release. Here is the forecast:
4:30am NY Time UK CPI y/y Forecast 5.1% Previous 5.2%
ACTION: GBP/USD BUY 5.3% SELL 4.8%
We’ll be trading the Consumer Price Index (CPI) figure out of New Zealand today. CPI is Inflation, therefore it is a very high impact release. Here’s the forecast:
5:45pm (NY Time) NZ CPI q/q Forecast 0.8% Previous 1.0%
ACTION: NZD/USD BUY 1.1% SELL 0.5%
The Basic Plan
Our focus will be on the headline CPI number. If we get a better release of 1.1%, we should be looking to BUY NZD/USD; if we get a lower release 0.5%, then we’ll see NZD/USD move down. Usually if our BUY or SELL figures are hit, we could expect the market to move about 40~50 pips within the next 30~90 minutes.
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost of living”, is what drives Central Banks to raise/cut interest rate, therefore this release will be widely watched. Here´s the forecast for the CPI:
8:30am (NY Time) US Core CPI m/m Forecast 0.2% Previous 0.2%
ACTION: 0.4% BUY USDJPY / 0.0% BUY EURUSD
We´ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We´ll be looking at the yearly release figure and the market could react with lots of volatility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release. Here is the forecast:
4:30am NY Time UK CPI y/y Forecast 4.9% Previous 4.5%
ACTION: GBP/USD BUY 5.1% SELL 4.3%
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012) Politics in Europe were the focal point for the markets this week, as the election results in France and Greece added another ... (3,995)
Forex Trading Strategies #3 – The Correct Trend This is part 3 of my 7-part series on trading strategies. Click here for part 2: The Right Timing.
Forex Trading ... (2,143)
Forex Trading Strategies #4 – Support and Resistance This is the 4th article on my 7-part series of Forex Trading Strategies, Click here to read Part-3: The Correct ... (2,129)
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
The entire financial world will be paying attention to the meeting minutes from the last FOMC meeting where the Federal Reserve ... (1,988)
Forex Trading Strategies #5 – Market Psychology This is a 7-part series on Forex Trading Strategies, Click here for my strategy #4: Support & Resistance
I have given a ... (1,983)
Forex Trading Strategies #2 – The Right Timing This is part 2 of my 7-part series on trading strategies. Click here for part 1: The Real Reason.
Forex Trading ... (1,962)US Core CPI – May 15, 2012 – Forex Strategy
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost ... (1,896)
Forex Trading Strategies #1 – The Real Reason I've decided to share some of the thought process that I go through when deciding to take a trade, this is ... (1,736)