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

September 1, 2010 By Henry Liu Leave a Comment

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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.

This is a preview of Forex Trading Plan For ECB Interest Rate Decision 09/02/10. Read More...
Filed Under: EUR ECB Interest Rate, Europe, Forex News Trade Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Upcoming News Overview For August 30 ~ September 3, 2010

August 30, 2010 By Henry Liu Leave a Comment

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Here’s again the upcoming news overview, and as usual I’ll be providing more detailed analyses for each of the news listed below just a day prior to their respective release schedules.

1. August 30, 2010 9:30pm EDT – AU Retail Sales
2. August 31, 2010 8:30am EDT – CA GDP m/m
3. August 31, 2010 9:30pm EDT – AU GDP q/q
4. September 1, 2010 4:30am EDT – UK Manufacturing PMI
5. September 1, 2010 8:15am EDT – US ADP NFP
6. September 1, 2010 10:00am EDT – US ISM Manufacturing PMI
7. September 2, 2010 7:45am EDT – EU Interest Rate
8. September 3, 2010 8:30am EDT – US NFP Employment

This is a preview of Upcoming News Overview For August 30 ~ September 3, 2010. Read More...
Filed Under: Currency Trading Tips, Forex News Trade Tagged With: , , , , , , ,

Upcoming Forex Tradable News Overview For August 23~27, 2010

August 23, 2010 By Henry Liu 1 Comment

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It’s Henry Liu here once again with this week’s upcoming tradable releases. As usual, I’ll be posting a more detailed analysis for each of the releases below just a day prior to the scheduled time. So make sure you check back in the Current Forex Trading Signals section.

1. Tue August 24, 2010 8:30am EDT – CA Core Retail Sales

2. Tue August 24, 2010 10:00am EDT – U.S. Existing Home Sales

This is a preview of Upcoming Forex Tradable News Overview For August 23~27, 2010. Read More...
Filed Under: Currency Trading Tips, Forex News Trade 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).

This is a preview of I was wrong, but I made 60 pips on FOMC Statement…. Read More...
Filed Under: Forex News Trade Tagged With: , , , , , , , , , , , , , , , , , ,

Forex Trade Plan For Australian Employment Change

August 11, 2010 By Henry Liu Leave a Comment

AUD
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Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, this is an economic indicator for the Employment Changes in Australia, here’s the forecast:

9:30pm (NY Time) AU Employment Change Forecast 20K Previous 45.9K
AU Unemployment Rate Forecast 5.1% Previous 5.1%
ACTION: AUD/USD BUY 50K SELL -10K

This is a preview of Forex Trade Plan For Australian Employment Change. Read More...
Filed Under: AUD CPI q/q, Australia, 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

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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: , , , , , , , , , , , , , , , , , , , , , ,

Forex Trade Plan & Video For Canada Employment Change 08/06/10

August 5, 2010 By Henry Liu 5 Comments

CAD
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We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:

7:00am (NY TIme) CA Employment Change Forecast 14K Previous 93.2K
(Unemployment Rate 7.9%)
ACTION: BUY -15K SELL 45K USD/CAD

This is a preview of Forex Trade Plan & Video For Canada Employment Change 08/06/10. Read More...
Filed Under: CAD Employment Change, Canada, Forex News Trade Tagged With: , , , , , , , , , , , , , , , , , , ,
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