by Henry Liu on January 25, 2012
US New Home Sales usually follows the trend of Existing Home Sales, therefore we´re likely to see an inline release today.
Here is the forecast:
10:00am NY Time New Home Sales Forecast 320 Previous 315K
ACTION: 390K SELL EURUSD / 250 SELL USDJPY
The Trade Plan
We´ll trade this release using a deviation of 70K; if the release is lower, it would strengthen USD aversion sentiment and we should look to SELL USDJPY. A stronger number could provide temporary support for the pair and we may see a slight rally in USD therefore we should look to SELL EURUSD.
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by Henry Liu on January 18, 2012
US Existing Home Sales is expected to rise slightly from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast:
10:00am Existing Home Sales Forecast 4.65M Previous 4.42M
ACTION: USDCHF BUY 5.10M / USDJPY SELL 4.20M
The Trade Plan
Because the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
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by Henry Liu on November 27, 2011
US New Home Sales usually follows the trend of Existing Home Sales, therefore we´re likely to see a slightly weaker release today.
Here is the forecast:
10:00am NY Time New Home Sales Forecast 310 Previous 313K
ACTION: 380K BUY USDJPY / 240 SELL USDJPY
The Trade Plan
We´ll trade this release using a deviation of 70K; if the release is lower, it would strengthen USD aversion sentiment and we should look to SELL USDJPY. A stronger number could provide temporary support for the pair and we may see a slight rally in USD/JPY or even BUY AUDUSD as an alternative due to AUD’s status as risk currency.
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by Henry Liu on November 20, 2011
US Existing Home Sales is expected to rise slightly from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast:
10:00am Existing Home Sales Forecast 4.82M Previous 4.91M
ACTION: USDJPY BUY 5.20M / USDJPY SELL 4.40M
The Trade Plan
Because the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
Click on post title above to read the full article.
by Henry Liu on October 25, 2011
US New Home Sales usually follows the trend of Existing Home Sales, therefore we´re likely to see a slightly weaker release today.
Here is the forecast:
10:00am NY Time New Home Sales Forecast 300 Previous 295K
ACTION: 370K BUY USDJPY / 230 BUY EURUSD
The Trade Plan
We´ll trade this release using a deviation of 70K; if the release is lower, it would strengthen USD aversion sentiment and we should look to BUY EURUSD. A stronger number could provide temporary support for the pair and we may see a slight rally in USD/JPY or even SELL EURUSD as an alternative.
Click on post title above to read the full article.
by Henry Liu on October 19, 2011
US Existing Home Sales is expected to rise slightly from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast:
10:00am Existing Home Sales Forecast 4.95M Previous 5.03M
ACTION: USDJPY BUY 5.35M / EURUSD BUY 4.60M
The Trade Plan
Because the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
Click on post title above to read the full article.
by Henry Liu on September 25, 2011
US New Home Sales usually follows the trend of Existing Home Sales, therefore we´re likely to see a slightly stronger release today.
Here is the forecast:
10:00am NY Time New Home Sales Forecast 295K Previous 298K
ACTION: 350K BUY USDJPY / 225 BUY EURUSD
The Trade Plan
We´ll trade this release using a deviation of 70K; if the release is lower, it would strengthen USD aversion sentiment and we should look to BUY EURUSD. A stronger number could provide temporary support for the pair and we may see a slight rally in USD/JPY or even SELL EURUSD as an alternative.
Click on post title above to read the full article.
