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We’ve got several trades this week that worked out according to my signals. I hope you were able to make some pips, I certainly did 
Here are the results:
NEWS TRADING
1. Tue July 20, 2010 9:00am EST (NY Time) CA BOC Overnight Rate- No Trade.
2. Thu July 22, 2010 4:30am EST (NY Time) UK Retail Sales m/m – No Trade
10:00am (NY Time) CA IVEY PMI Forecast 64.0 Previous 62.7
ACTION: USD/CAD BUY 60.0 SELL 67.0
We’ll focus on the IVEY PMI (IVEY Purchasing Manager’s Index) from Canadatoday, it is the equivalent of both ISM PMI’s out of US where purchasing managers of all sectors of the economy participate in this survey. And as with PMIs, they are all considered as leading indicators with the medium point at 50, therefore a reading of above 50 would be considered as expansion in the economy whereas a reading below 50 would be considered as contraction in the economy.
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 55.1 Previous 55.4
ACTION: BUY 58.0 SELL 52.00 USD/JPY
We’ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released last week, here’s the forecast:
4:30am (NY Time) UK Services PMI Forecast 55.1 Previous 55.4
ACTION: GBP/USD BUY 57.5 SELL 52.5
ISM Manufacturing PMI is similar to the UK Manufacturing PMI, which is also a leading indicator and it’s usually released at the beginning of the month; traders monitor this release as it may help to predict early change in market sentiment and the general tone for the economy. Here’s the forecast for this event:
10:00am NY Time US ISM Manufacturing PMI Forecast 58.9 Previous 59.7
ACTION: BUY 61.5 SELL 56.5 USD/JPY
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors. As a leading indicator, traders pay attention to this report for hints of economic trend. Here’s the forecast:
10:00am NY Time US ISM Non-Manufacturing PMI Forecast 55.7 Previous 55.4
ACTION: BUY 58.0 SELL 53.00 USD/JPY
We’ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released earlier this week, here’s the forecast:
4:30am (NY Time) UK Services PMI Forecast 55.6 Previous 55.3
ACTION: GBP/USD BUY 58.0 SELL 53.0
ISM Manufacturing PMI is similar to the UK Manufacturing PMI, which is also a leading indicator and it is usually released at the beginning of the month; traders monitor this release as it may indicate an early change of sentiment of the economy. Here’s the forecast for this event:
10:00am NY Time US ISM Manufacturing PMI Forecast 59.3 Previous 60.4
ACTION: BUY 62.0 SELL 57.0 USD/JPY
5:30am NY Time UK BOE Inflation Report ACTION: N/A Bank of England (BOE) will release its inflation report for the quarter, this report will contain BOE's inflation target for the next two years, along … [Read More...]
We’ll be trading the high impact UK Consumer Price Index release at 4:30am NY Time today. We'll be looking at the yearly release figure and the market could react with lots of volatitility as … [Read More...]
6:45pm (NY Time) NZ GDP q/q Forecast 0.5% Previous 0.8% ACTION: NZD/USD BUY 0.8% SELL 0.2% New Zealand GDP is a high impact news release scheduled on a quarterly … [Read More...]
[flv:http://www.newsprofiteer.com/070909-boerate/070909-boerate.mp4 480 360] … [Read More...]
Our plan to trade today’s CPI release out of Australia will be to look for opportunities for entry if we get a surprise in this release, here is the current forecast: 9:30pm AU CPI q/q Forecast 1.0% … [Read More...]
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9 ACTION: GBP/USD N/A MPC, Monetary Policy Committee, from Bank of England (BOE) will … [Read More...]
[flv:http://www.newsprofiteer.com/100709-auemployment/100709-auemployment.mp4 480 360] 8:30pm (NY Time) AU Employment Changes Forecast -9.7 Previous -21.1K ACTION: AUD/USD BUY +15K … [Read More...]
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