by Henry Liu on November 17, 2009
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD N/A
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and the vote count over the increase in its APF program. If you recall, MPC decided leave the interested rate unchanged but surprised the market by only increasing its QE program by 25 Billion Pound against analysts estimate of 50 Billion Pound Increase. This action provided an immediate short-term rally for the British Pound as traders and speculators both wonder the reasons to this surprisingly strong outlook for the GBP from BOE.
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by Henry Liu on November 10, 2009
If you’ve got a few minutes, I’ve recorded a new video on “My
Blueprint to Forex Success” just for you…
But I must warn you, it’s not about how to pick winning trades or
any of that exciting stuff…
…and as a matter of fact, this video could be considered a little
boring by some… But it deals with the cold hard logic of a
successful Forex career, and it’s something that you can’t do
without if you EVER want to be successful in this business…
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by Henry Liu on October 27, 2009
4:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZD/USD BUY 2.75% SELL Unchanged
RBNZ is expected to leave rates unchanged at the current rate of 2.50%, as unanimously agreed by 11 economists surveyed, according to Bloomberg. As a matter of fact, New Zealand’s economic outlook is still bleak, although NZD has appreciated over 32% in the past 6 months benefited from the surge in risk appetite sentiment, but sentiment alone will not make RBNZ hike rates…
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by Henry Liu on October 21, 2009
BOC releases a quarterly Monetary Policy Report providing direction over its monetary policy and future interest rate decisions. This report is probably not tradable unless BOC surprises the market by deviating from its recent statement during the interest rate decision just a week ago.
However, in the event BOC offers new insight into their future monetary policy and points to the possibility of hiking interest rate sooner than June of 2010, then we could see some buying of the CAD; if BOC Report maintain the same rhetoric as before, then not much market reaction could be expect… as a matter of fact, we might even see CAD getting weaker against the USD.
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by Henry Liu on October 20, 2009
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and possibly the Qquantitative Easing measures (QE). Last rate decision MPC decided to leave both rates and their QE unchanged, which provided an immediate short-term (and short-lived) support for the British Pound. This meeting minutes, however, will probably have more profound effect on the British Pound than its predecessors because of the sharp gain in GBP last week, which was attributed to none other than the rumor to the possible termination of the QE program, and solid proof will be provided by official sources today.
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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
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