by Henry Liu on April 17, 2012
We’ll be trading the Consumer Price Index (CPI) figure out of New Zealand today. CPI is Inflation, therefore it is a very high impact release. Here’s the forecast:
6:45pm (NY Time) NZ CPI q/q Forecast 0.6% Previous -0.3%
ACTION: NZD/USD BUY 1.0% SELL 0.0%
The Basic Plan
Our focus will be on the headline CPI number. If we get a better release of 1.0%, we should be looking to BUY NZD/USD; if we get a lower release 0.0%, then we’ll see NZD/USD move down. Usually if our BUY or SELL figures are hit, we could expect the market to move about 40~50 pips within the next 30~90 minutes.
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by Henry Liu on April 16, 2012
The Bank of Canada (BOC) will announce their rate decision today at 9:00am sharp.
Here´s what analysts expect:
9:00am (NY Time) CA BOC Rate Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD BUY 0.75% SELL 1.25%
The Trade Plan
Most analyst agree that the BOC will hold rates at 1.00%. I´ll be trading this release with a 0.25% deviation using Spike Trading method. In the event of a surprise hike it´s almost guaranteed that we´ll see strong market movement immediately after the release.
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by Henry Liu on April 16, 2012
We´ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We´ll be looking at the yearly release figure and the market could react with lots of volatility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise release. Here is the forecast:
4:30am NY Time UK CPI y/y Forecast 3.5% Previous 3.4%
ACTION: GBP/USD BUY 3.8% / SELL 3.0%
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by Henry Liu on April 10, 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:
9:30pm (NY Time) AU Employment Change Forecast 6.5K Previous -15.4K
AU Unemployment Rate Forecast 5.3% Previous 5.2%
ACTION: AUD/USD BUY 30.0K / SELL -20.0K
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by Henry Liu on April 5, 2012
We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s the forecast:
8:30am (NY Time) US NF Employment Forecast 205K Previous 227K
8:30am (NY Time) US Unemployment Rate Forecast 8.3% Previous 8.3%
ACTION: 275K SELL EURUSD / 135K BUY EURUSD
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by Henry Liu on April 4, 2012
BOE (Bank of England) will be rendering its interest rate decision today, and it would provide strong volatility in the market if BOE´s final decision turns out to be a surprise, here´s the forecast:
7:00am (NY Time) UK Official Bank Rate Forecast 0.50% Previous 0.50%
APT (Asset Purchasing Target) Forecast 325B Previous 325B
ACTION: GBP/USD BUY 0.75% (Rate) / SELL 375B (APT)
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by Henry Liu on April 3, 2012
ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it´s own estimate for the private sectors of NFP (Nonfarm Payroll). This is a high impact release and it´s followed by currency traders as they look for hints on Friday´s NFP official release. Here´s the forecast:
8:15am NY Time US ADP NFP Change Forecast 205K Previous 216K
ACTION: 260K BUY USDJPY/ 150K SELL USDJPY
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Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012)
Forex Trading Strategies #3 – The Correct Trend
Forex Trading Strategies #4 – Support and Resistance
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
Forex Trading Strategies #5 – Market Psychology
Forex Trading Strategies #2 – The Right Timing
US Core CPI – May 15, 2012 – Forex Strategy
Forex Trading Strategies #1 – The Real Reason