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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.
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%
CPI or Consumer Price Index is direct measurement of inflation, which is a high impact release that could have long term effect on CAD, it is undoubtedly a high impact release that will be the focus of early NY trading session. Here is the forecast:
CA Core CPI m/m Forecast 0.1% Previous 0.3%
ACTION: USD/CAD BUY -0.2% SELL 0.4%
UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:
UK Prelim GDP q/q Forecast 0.6% Previous 0.3%
ACTION: (GBP/USD) BUY 0.8% SELL 0.3%
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%
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 0.5% Previous 0.4%
ACTION: NZD/USD BUY 0.8% SELL 0.2%
[flv:http://www.newsprofiteer.com/101409-usretail/101409-usretail.mp4 480 360] 8:30am (NY Time) US Core Retail Sales Forecast 0.3% Previous 1.1% ACTION: USD/JPY BUY 1.0% … [Read More...]
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50% ACTION: GBP/USD N/A Bank of England’s Monetary Policy Committee (MPC) is scheduled to release their finalinterest … [Read More...]
8:30am (NY Time) US Core Retail Sales Forecast 0.3% Previous 1.2% 8:30am (NY Time) US Retail Sales Forecast 0.4% Previous 1.3% ACTION: … [Read More...]
[flv:http://www.newsprofiteer.com/070209-nfp-ecb/070209-nfp-ecb.mp4 480 360] … [Read More...]
We’ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released last week, here’s the forecast: 4:30am … [Read More...]
Manufacturing PMI is a leading indicator and it's usually released during early month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the … [Read More...]
3:30am SNB Libor Rate Decision Forecast 0.25% Previous 0.25% ACTION: USD/CHF SELL 0.50% SNB (Swiss National Bank) is likely to keep the … [Read More...]
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