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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%
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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.
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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%
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.
Bank of Canada (BOC) will once again meet for their Overnight Rate (Interest Rate) and the decision will be announced today at 9:00am sharp. Along with the rate decision, BOC Carney will also announce a Rate Statement to further explain today’s decision. Here’s what analysts are expecting:
9:00am (NY Time) CA BOC Rate Forecast 0.75% Previous 0.50%
ACTION: USD/CAD BUY USD/CAD 0.50% SELL USD/CAD 1.00%
We’ll be trading US Core CPI m/m release today. CPI or Consumer Price Index, also known as the “true cost of living”, is what drives Central Banks to raise/cut interest rate, therefore this release will be widely watched. Here’s the forecast:
8:30am (NY Time) US Core CPI m/m Forecast 0.1% Previous 0.1%
ACTION: USD/JPY BUY 0.3% SELL -0.1%
8:15am (NY Time) US ADP NFP Changes Forecast -188K Previous -254K ACTION: USD/JPY or USD/CHF BUY -120K SELL -258K ADP is the largest private payroll processing providers in … [Read More...]
[flv:http://www.newsprofiteer.com/101209-nzdretail/101209-nzdretail.mp4 480 360] 5:45pm (NY Time) NZ Retail Sales Forecast 0.6% Previous -0.5% ACTION: NZD/USD BUY 1.2% … [Read More...]
We’ll be getting the Canadian Employment Change release number tomorrow, and as a fundamental and news trader, here are some of the important factors that I’d be looking for in this release: 7:00am … [Read More...]
8:30pm AU CPI q/q Forecast 0.9% Previous 0.8% ACTION: AUD/USD BUY 1.2% SELL 0.6% Our focus will be on the quarterly CPI release out of Australia. As … [Read More...]
Here is a basic plan to trade US Core Retail Sales which is scheduled to be released at exactly 8:30am NY Time, and here are the forecasts: 8:30am (NY Time) US Core Retail Sales … [Read More...]
7:30pm (NY Time) AU GDP q/q Forecast 0.4% Previous 0.6% ACTION: AUD/USD BUY 0.8% SELL 0.3% We’ll be focusing on the quarterly GDP release today out of Australia, … [Read More...]
ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it’s own estimate for the private sectors of NFP (Nonfarm Payroll). This is high impact release and it's followed by currency traders as … [Read More...]
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