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We’ll be receiving GDP release from Canada today along with US Adv. GDP q/q, I’d suggest to concentrate on the U.S. release first, if there is no trading opportunity there, then come back and look at the Canadian release. Here’s the forecast:
8:30am NY Time Canada GDP m/m Forecast 0.1% Previous 0.0%
ACTION: USD/CAD BUY -0.2% SELL 0.4%
We are also getting the Canadian monthly GDP release at the same time of this release, therefore I’d recommend to either trade the U.S. release or concentrate on the Canadian release, do not try to trade both of them together… Here’s the forecast for U.S. Adv. GDP:
8:30am (NY Time) US ADV GDP q/q Forecast 2.5% Previous 2.7%
ACTION: USD/JPY BUY 2.8% SELL 2.2%
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I just wanted to share this video from the Australian CPI q/q release on 7/27, this is a news event that could change the long term trend for the AUD.
(MAKE SURE YOU SHARE ON FACEBOOK AND TWITTER IF YOU LIKE MY ANALYSIS —>)
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will hike rates today from the current level of 2.75% to 3.00%; here is the forecast:
5:00pm (NY Time) RBNZ Rate Decision Forecast 3.00% Previous 2.75%
ACTION: NZD/USD BUY 3.25% SELL 2.75%
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% Previous 0.9%
ACTION: AUD/USD BUY 1.2% SELL 0.7%
Hey folks:
Henry Liu here again with an overview of upcoming high impact tradable releases for the week. As usual, I will be sending you more detailed analysis on each release about a day before their schedule.
So following the tradition, let’s look at what took place before last week:
EUR Gained 2.5% Against USD
GBP Gained 1.5% Against USD
CAD Lost 2.0% Against USD
AUD Lost 1.0% Against USD
NZD Remained Unchanged
JPY Gained 2.0% Against USD
CHF Gained 0.5% Against USD
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
We’re also getting the Core Retail Sales release from Canada today, let’s look at the forecast:
Core Retail Sales Forecast 0.5% Previous -1.2%
ACTION: USD/CAD BUY -0.1% SELL 1.1%
The Trade Plan
I’m going to be looking for a deviation of 0.6% for this news. Since the forecast is at +0.5%, if we get a -0.1% or worse, it would be negative for the CAD and we’ll be looking to BUY USD/CAD; however, if the opposite is true, or a 1.1% of actual release, I’ll be looking to SELL USD/CAD.
We’ll be receiving GDP release from Canada today along with US Adv. GDP q/q, I'd suggest to concentrate on the U.S. release first, if there is no trading opportunity there, then come back and look at … [Read More...]
8:30am NY Time ECB Chairman Trichet Press Conference ACTION: N/A We’ll be focusing on the ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today as he releases an official … [Read More...]
7:30pm NY Time AU Retail Sales Forecast 0.8% Previous -0.7% ACTION: BUY 1.4% SELL 0.2% AUD/USD We’ll be looking for a possible again today on the Australian … [Read More...]
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus today. With possible better than expected figures scheduled to be released today, market could be looking … [Read More...]
RBA is going to render its interest rate decision today, and it is a high impact release as all currencies are driven by interest rates. RBA is expected to pause its rate tightening policy during today's … [Read More...]
4:30am (NY Time) UK Service PMI Forecast 57.1 Previous 56.9 ACTION: GBP/USD SELL 55.00 BUY 59.00 Our focus will be on the Services PMI … [Read More...]
4:45pm (NY Time) NZ CPI q/q Forecast 0.0% Previous 1.3% ACTION: NZD/USD BUY 1.1% SELL 0.5% Our focus will be on the headline CPI number. If we get a better than expected … [Read More...]
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