by Henry Liu on November 15, 2009
8:30am (NY Time) US Core Retail Sales Forecast 0.4% Previous 0.5%
ACTION: USD/JPY BUY 1.0% SELL -0.2%
Our focus will be on the Retail Sales release out of U.S. today. We have both retail sales (healine and core, also know as ex auto) scheduled to be released at exactly 8:30am. It is important that there is no conflict with the numbers between in order for us to get into a trade. The Core release is more accurate reflection of the activities at the retail level because it excludes the seasonal Automotive components; the headline Retail Sales should be in the same direction as of the Core reading, and the headline is currently forecasted at 1.0% with a previous release of -2.1%.
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by Henry Liu on October 13, 2009
[flv:http://www.newsprofiteer.com/101409-usretail/101409-usretail.mp4 480 360]
8:30am (NY Time) US Core Retail Sales Forecast 0.3% Previous 1.1%
ACTION: USD/JPY BUY 1.0% SELL -0.3%
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by Henry Liu on October 12, 2009
Last week was a surprising week to say the least, as the biggest news out of the entire currency market was the Reserve Bank of Australia (RBA) hiking its bank rate by 0.25% to 3.25% and surprised the entire world in the process…
Needless to say, immediately after the release, Equity market ended its downward correction, and a renewed sense of risk appetite took over, pushing all high-yield currencies, commodity currencies, Equity indices, to fresh new 2009 highs.
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