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Forex Trading Plan For ECB Interest Rate Decision 09/02/10

September 1, 2010 By Henry Liu Leave a Comment

trichet
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ECB (European Central Bank) will be rendering its rate decision today, it is widely believed that ECB will keep current rate unchanged. Here’s the forecast:

7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD BUY 1.25% SELL 0.75%

The Trade Plan
ECB rate decision comes in two part, the first one is the 7:45am rate announcement followed by the 8:30am Press Conference where ECB chief Trichet issues the official statement on this rate decision. Since it is extremely unlikely to get a surprise from ECB, there is usually no volatility following this release, we should focus on the actual Trichet’s speech in 45 minutes.

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Filed Under: EUR ECB Interest Rate, Europe, Forex News Trade Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Forex Strategy For US Existing Home Sales 08/24/10

August 23, 2010 By Henry Liu 17 Comments

USA
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US Existing Home Sales is expected to decline from previous month as current market situation is adding more pressure to the housing sector. Here’s forecast:

Existing Home Sales Forecast 4.70M Previous 5.37M
ACTION: USD/JPY BUY 5.10M SELL 4.30M

The Trade Plan
Because the Housing sector is one of the most important news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…

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Filed Under: Forex News Trade, US Existing Home Sales, USA Tagged With: , , , , , , , , , , , , , ,

Forex Trade Plan For CA Core Retail Sales 08/24/10

August 23, 2010 By Henry Liu 3 Comments

CAD
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We’re getting the Core Retail Sales release from Canada today, and it is a high impact release which may change the short term trend of the market for CAD. Let’s look at the forecast:

Core Retail Sales Forecast 0.1% Previous -0.1%
ACTION: USD/CAD BUY -0.5% SELL 0.7%

The Trade Plan
I’m going to be looking for a deviation of 0.6% for this news. Since the forecast is at +0.1%, if we get a -0.5% or worse, it would be negative for the CAD and we’ll be looking to BUY USD/CAD; however, if the opposite is true, or a 0.7% of actual release, I’ll be looking to SELL USD/CAD.

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Filed Under: CAD Core Retail Sales, Canada, Forex News Trade Tagged With: , , , , , , , , , , , , , , ,

Forex Video & Analysis For UK Retail Sales 8/19/20

August 18, 2010 By Henry Liu 13 Comments

UK
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Today’s Retail Sales number from UK will be widely watched as this is a high impact yet tradable report. Here is the forecast for this release:

4:30am (NY Time) Forecast 0.3% Previous 0.7%
ACTION: GBP/USD BUY 0.9% SELL -0.2%

The Trade Plan
Retail Sales by definition is a direct measurement of consumer activities at the retail levels. A higher release is generally good for the economy, and better for it’s currency; a lower release is considered as negative for the economy and not good for it’s currency.

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Filed Under: Forex News Trade, Great Britain, UK Retail Sales Tagged With: , , , , , , , , , , , , , , , ,

Forex Trade Plan For NZ Retail Sales 08/12/10

August 12, 2010 By Henry Liu Leave a Comment

NZD
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We’ll be getting the Retail Sales figure out of New Zealand today, since Retail Sales is a direct reflection of the economy, this release is considered as an high impact release… Here’s the forecast:

6:45pm (NY Time) NZ Retail Sales Forecast 0.5% Previous 0.4%
ACTION: NZD/USD BUY 1.1% SELL -0.1%

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Filed Under: Forex News Trade, NZD Retail Sales, New Zealand Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

I was wrong, but I made 60 pips on FOMC Statement…

August 11, 2010 By Henry Liu Leave a Comment

bernanke-magician
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Not often I’d admit publicly that I am wrong, but here’s what happened…

Bernanke and gang (FOMC) decided to leave the Federal Funds Rate decision unchanged once again during the Tuesday August 10 meeting, but the real surprise came with the bearish tone over US economy growth and the decision to reinvest principle payments on mortgage assets and maturing debts… This sent demand for U.S. Treasury soaring and helped the equity market recover immediately just as predicted in my analysis… I took a live trade in my Mastermind Mentoring Trade Room and made 63 pips in less than 30 minutes as you can see in the video below (recorded live).

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Filed Under: Forex News Trade Tagged With: , , , , , , , , , , , , , , , , , ,

Forex Video & Analysis For U.S. Nonfarm Payroll Employment Change (NFP) 08/06/10

August 5, 2010 By Henry Liu 5 Comments

employment
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We’ll be trading the US NFP (Nonfarm Payroll) Employment Changes, it is the most volatile news release for the week as traders and their cousins all sit around in front of their PCs preparing to jump in… Here’s the forecast:

8:30am (NY Time) US NFP Forecast -63K Previous -125K
Unemployment Rate Forecast 9.6% Previous 9.5%
ACTION: USD/JPY BUY +1K SELL -140K

This is a preview of Forex Video & Analysis For U.S. Nonfarm Payroll Employment Change (NFP) 08/06/10. Read More...
Filed Under: Forex News Trade, US Non-Farm Payroll, USA Tagged With: , , , , , , , , , , , , , , , , , , , , , ,
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