Forex News Trading and Currency Training Analysis Video
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:
9:30pm (NY Time) AU Employment Change Forecast 20K Previous 45.9K
AU Unemployment Rate Forecast 5.1% Previous 5.1%
ACTION: AUD/USD BUY 50K SELL -10K
We’ll be trading the US NFP (Nonfarm Payroll) Employment Changes, it is the most volatile news release for the week as traders and their cousins all sit around in front of their PCs preparing to jump in… Here’s the forecast:
8:30am (NY Time) US NFP Forecast -63K Previous -125K
Unemployment Rate Forecast 9.6% Previous 9.5%
ACTION: USD/JPY BUY +1K SELL -140K
We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY TIme) CA Employment Change Forecast 14K Previous 93.2K
(Unemployment Rate 7.9%)
ACTION: BUY -15K SELL 45K USD/CAD
We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY TIme) CA Employment Change Forecast 18K Previous 24.7K
(Unemployment Rate 8.1%)
ACTION: BUY -15K SELL 48K USD/CAD
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:
9:30pm (NY Time) AU Employment Change Forecast 16K Previous 26.9K
AU Unemployment Rate Forecast 5.2% Previous 5.2%
ACTION: AUD/USD BUY 46K SELL -14K
8:30am (NY Time) US NFP Forecast -110K Previous 431K
Unemployment Rate Forecast 9.8% Previous 9.7%
ACTION: USD/JPY BUY -30K SELL -180K
We’ll be focusing on the NFP release today, which is expected at -110K as median forecast figure taken from different surveys, and the previous release figure was at +431K. If you remember what took place during last NFP release, market reacted with risk aversion sentiment as the actual figure missed expectation by 90K, causing stronger demand for safe-haven currencies such as the USD and JPY across the board.
Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, here’s the forecast:
9:30pm (NY Time) AU Employment Change Forecast 16K Previous 33.7K
ACTION: AUD/USD BUY 45K SELL -15K
Australian Employment Change release is considered as a high impact report as the job’s market have a direct influence over the entire economy, which in turn affects inflation, and inflation will affect future RBA monetary policy. With RBA on a pause for further monetary tightening policy, if this release also surprise to the downside, it would push AUD beyond current support and we would be looking to SELL AUD/USD; however, if the release is better, we should be looking to SELL AUD/USD from the top as a longer term trade as AUD may not have enough momentum to remain strong.
4:30am (NY Time) UK Retail Sales Forecast 1.3% Previous -0.3% ACTION: GBP/USD BUY 1.9% SELL 0.7% We’ll be looking to tradethe Retail Sales release today from … [Read More...]
We’ll be getting the Core Retail Sales (and Retail Sales) figure out of U.S. today, as high impact news releases are concerned, Retail Sales makes up about 2/3 of U.S. GDP (economy)… Here’s the forecast: 8:30am … [Read More...]
ECB (European Central Bank) will be rendering its rate decision today, it is widely believed that ECB will keep current rate unchanged. Here's the forecast: 7:45am (NY Time) EU ECB Rate Decision Forecast … [Read More...]
4:30am (NY Time) UK CPI y/y Forecast 1.4% Previous 1.1% ACTION: GBP/USD BUY 1.7% SELL 1.1% We'll focus on the CPI release today and our surprise factor … [Read More...]
With the first time Home Buyer's Credit coming to an end, March and April will be the final stretches for U.S. homeowners to claim that credit. Therefore, we could see a stronger than expected release … [Read More...]
7:00am (NY Time) CA Core CPI m/m Forecast 0.2% Previous 0.1% ACTION: USD/CAD BUY -0.1% SELL 0.5% Our tradable deviation for the Canadian Core CPI based on historical track … [Read More...]
We’re also getting the Core Retail Sales release from Canada today, let’s look at the forecast: Core Retail Sales Forecast 0.5% Previous -1.2% ACTION: USD/CAD BUY -0.1% SELL 1.1% The Trade Plan I’m … [Read More...]
Henry Liu (1)
Kingsley (1)
Robert ... (1)
stephen (1)
Recent Comments