Trade Plan & Video For AU CPI q/q 07/27/10

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%

Forex Trading Plan & Video For BOC Overnight Rate Decision 07/20/10

BOCCarney

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%

Trading Plan For BOC Overnight Rate Decision 06/01/10

BOCCarney

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 Decision   Forecast 0.50%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition and BOC statement.

Trade Plan For Australia CPI q/q 04/27/10

AUD

Our plan to trade today’s CPI release out of Australia will be twofold.  First, we’ll look for a possible pre-buying of AUD ahead of this release during early Asian trading session for a possible sentiment trade; and Second, we will look for opportunities to enter the market if we get a surprise in this release, here is the current forecast:

9:30pm AU CPI q/q         Forecast 0.9%      Previous 0.5%
ACTION: AUD/USD        BUY 1.2%      SELL 0.6%

BOC Overnight Rate Decision 04/20/10

BOCCarney

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 Decision   Forecast 0.25%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition

Canada BOC Overnight Rate 03/02/2010

9:00am (NY Time) CA BOC Rate Decision   Forecast 0.25%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition

BOC (Bank of Canada) will be issuing its Overnight Rate decisions once again today and this meeting will be watched by traders and speculators since interest rate policy serves as a tool to curb inflation and maintain price stability, making this news event probably the most important event for the day.

This is what I wrote for the last two BOC rate decision, I think the situation still remains mostly unchanged:

Australia CPI q/q 01/26/10

7:30pm AU CPI q/q         Forecast 0.4%      Previous 1.0%
ACTION: AUD/USD        BUY 0.7%      SELL 0.0%

We’ll be lookign to trade the quarterly CPI release out of Australia.  As reflected in recent RBA rate statements, Australia is facing  rise in inflation, and this number could surprise to the upside.  RBA hiked rates last few rate decisions, and with a surprise better than expected release, we could have justification for further rate hike. 

BOC Overnight Rate Decision 01/19/10

9:00am (NY Time) CA BOC Rate Decision   Forecast 0.25%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition

BOC (Bank of Canada) will renders its Overnight Rate decisions for the first time in 2010, and today’s meeting will be watched by traders and speculators since interest rate policy serves as a tool to curb inflation and maintain price stability, this news event is probably the most important event for the day.