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…
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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.
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by Henry Liu on September 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 4.75M Previous 4.67M
ACTION: USDJPY BUY 5.15M / EURUSD BUY 4.35M
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 August 22, 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 310K Previous 312K
ACTION: 380K BUY USDJPY / 240K 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 July 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 320K Previous 319K
ACTION: 390K SELL EURUSD / 250K BUY EURUSD
The Trade Plan
We’ll trade this release using a deviation of 70K; if the release is lower, it would strengthen risk 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 enabling us to SELL EURUSD.
Click on post title above to read the full article.
by Henry Liu on July 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 4.92M Previous 4.81M
ACTION: USDJPY BUY 5.30M / EURUSD BUY 4.50M
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 June 22, 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 310K Previous 323K
ACTION: 380K SELL EURUSD / 240K BUY EURUSD
The Trade Plan
We’ll trade this release using a deviation of 70K; if the release is lower, it would strengthen risk 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 enabling us to SELL EURUSD.
Click on post title above to read the full article.
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