by Henry Liu on March 1, 2012
Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.3% Previous -0.1%
ACTION: USD/CAD SELL 0.5% / BUY -0.1%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.6% or better release, or we’ll BUY USDCAD on a 0.0% or worse release. With recent uncertainty in the commodity space, a strong fundamental such as the GDP figure may be the catalyst we need to see more volatility in CAD, and perhaps set the tone for the rest of the year…
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by Henry Liu on February 23, 2012
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus for today. Here is the forecast:
4:30am (NY Time) UK Revised GDP q/q Forecast -0.2% Previous -0.2%
ACTION: GBP/USD BUY 0.1% SELL -0.4%
The Trade Plan
Since this is the second release of the 4th quarterly GDP for 2011, we´re not likely to get a huge surprise as most 2nd releases are pretty much inline. However, judging from the expected release of -0.2% and previous release of -0.2% (Prelim GDP), we may not get a surprise release after all.
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by Henry Liu on February 21, 2012
MPC Meeting Minutes is scheduled to be released today and since it´s customary for BOE (Bank of England) not to release a statement along with its interest rate decision (2 weeks ago) if there were no changes to either rate decision or APF (Asset Purchasing Facility, UK´s quantitative easing program); today will be the first time for a glimpse into what took place during this meeting, here is the forecast:
4:30am NY Time UK MPC Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: N/A
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by Henry Liu on February 16, 2012
We´ll be trading US Core CPI m/m release tomorrow. 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 for the CPI:
8:30am (NY Time) US Core CPI m/m Forecast 0.3% Previous 0.1%
ACTION: 0.5% BUY USDCHF / -0.1% SELL USDJPY
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by Henry Liu on February 16, 2012
CPI is also known a Inflation and our focus will be on the Core Inflation figure, also known as CPI excluding Food and Energy, or CPI ex Volatile Items…
Here´s the forecast:
7:00am CA Core CPI m/m Forecast 0.1% Previous -0.5%
ACTION: USD/CAD BUY -0.2% / SELL 0.4%
The Trade Plan
The Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.3%. Therefore, look for tradable figures of -0.2% or worse to BUY USD/CAD, or a +0.4% or better to SELL USD/CAD.
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by Henry Liu on February 14, 2012
Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, this is an economic indicator for the Employment Changes in Australia, here´s the forecast:
7:30pm (NY Time) AU Employment Change Forecast 11.0K Previous -29.3K
AU Unemployment Rate Forecast 5.3% Previous 5.2%
ACTION: AUD/USD BUY 35.0K SELL -15.0K
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by Henry Liu on February 13, 2012
We´ll be getting the U.S. Core Retail Sales (and Retail Sales) figure out tomorrow. As high impact news releases are concerned, Retail Sales make up about 2/3 of U.S. GDP (Gross Domestic Product); Core Retail Sales report excludes Auto sales which comprises 20% of total retail sales. Therefore, we are more focused on daily consumer spending on goods found in such places as department stores, gas stations, and restaurants.
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Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012)
Forex Trading Strategies #3 – The Correct Trend
Forex Trading Strategies #4 – Support and Resistance
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
Forex Trading Strategies #5 – Market Psychology
Forex Trading Strategies #2 – The Right Timing
Forex Trading Strategies #1 – The Real Reason