by Henry Liu on February 29, 2012
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) today. 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 Manufacturing PMI Forecast 54.5 Previous 54.1
ACTION: 57.0 SELL EURUSD/ 52.0 BUY EURUSD
Trade Plan
We´ll be looking for around 2.5 points of deviation for this trade. If a 57.0 or better number is released, we could see some USD strength, thererefore SELL EURUSD. If the opposite is true, or 52.0 figure is released, expect to see weaker USD in the short term, therefore we should BUY EURUSD.
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by Henry Liu on February 23, 2012
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus for today. Here is the forecast:
4:30am (NY Time) UK Revised GDP q/q Forecast -0.2% Previous -0.2%
ACTION: GBP/USD BUY 0.1% SELL -0.4%
The Trade Plan
Since this is the second release of the 4th quarterly GDP for 2011, we´re not likely to get a huge surprise as most 2nd releases are pretty much inline. However, judging from the expected release of -0.2% and previous release of -0.2% (Prelim GDP), we may not get a surprise release after all.
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by Henry Liu on February 16, 2012
Today´s Retail Sales number from UK will be widely watched as this is a high impact yet very tradable report. Here is the forecast for this release:
4:30am (NY Time) Forecast -0.3% Previous 0.6%
ACTION: GBP/USD BUY 0.3% SELL -1.0%
The Trade Plan
The monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it´s currency; a lower release is considered negative for the economy and not good for it´s currency.
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by Henry Liu on February 14, 2012
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:
7:30pm (NY Time) AU Employment Change Forecast 11.0K Previous -29.3K
AU Unemployment Rate Forecast 5.3% Previous 5.2%
ACTION: AUD/USD BUY 35.0K SELL -15.0K
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by Henry Liu on February 8, 2012
ECB (European Central Bank) will be rendering its rate decision today, and it will have a pivotal short term impact in the Euro dollar. However, it is widely believed that ECB will keep rate unchanged at 1.00%… Here´s the forecast:
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD SELL 0.75%
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by Henry Liu on February 6, 2012
RBA (Reserve Bank of Australia) is expected to cut the borrowing costs to 4.00%, as per general market consensus…
Here´s the forecast for this news release:
10:30pm (NY Time) AU RBA Rate Decision Forecast 4.00% Previous 4.25%
ACTION: AUD/USD SELL 4.00% / BUY 4.25%
The Trade Plan
If RBA decides to keep rates unchanged, we will BUY AUDUSD as today’s decision is not based on unanimous consensus… If RBA cuts rates, we should also see a possibility to SELL as the market will be equally surprised.
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by Henry Liu on January 31, 2012
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) today. 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 Manufacturing PMI Forecast 54.5 Previous 53.9
ACTION: 57.0 SELL EURUSD/ 52.0 BUY EURUSD
Trade Plan
We´ll be looking for around 2.5 points of deviation for this trade. If a 57.0 or better number is released, we could see some USD strength, thererefore SELL EURUSD. If the opposite is true, or 52.0 figure is released, expect to see weaker USD in the short term, therefore we should BUY EURUSD.
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Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012)
Forex Trading Strategies #3 – The Correct Trend
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Forex Trading Strategies #2 – The Right Timing
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Forex Trading Strategies #1 – The Real Reason