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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.
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RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will hike rates today from the current level of 2.75% to 3.00%; here is the forecast:
5:00pm (NY Time) RBNZ Rate Decision Forecast 3.00% Previous 2.75%
ACTION: NZD/USD BUY 3.25% SELL 2.75%
Hey folks:
Henry Liu here again with an overview of upcoming high impact tradable releases for the week. As usual, I will be sending you more detailed analysis on each release about a day before their schedule.
So following the tradition, let’s look at what took place before last week:
EUR Gained 2.5% Against USD
GBP Gained 1.5% Against USD
CAD Lost 2.0% Against USD
AUD Lost 1.0% Against USD
NZD Remained Unchanged
JPY Gained 2.0% Against USD
CHF Gained 0.5% Against USD
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 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%
We’ll be trading the UK Consumer Price Index (CPI) release at 4:30am NY Time today. We’ll be looking at the yearly release figure and the market could react with lots of volatitility as CPI is the basic measurement of Inflation, therefore expect to see more exaggerated moves if we get a huge surprise in the release. Here is the forecast for this release:
8:30am NY Time ECB Chairman Trichet Press Conference
ACTION: N/A
We’ll be focusing on the ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today as he releases an official statement from ECB regarding the official Interest Decision at 7:45am today, and after the prepared speech, he will have a brief Q&A Session… Here is an overview of the situation
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50% ACTION: NZD/USD BUY 2.75% SELL 2.25% RBNZ has been keeping its rate on hold for 2 rate decisions in … [Read More...]
Looking at the current market condition, I am seeing most traders along with their liquidities returning this week, which may provide some excellent market conditions as we kick off our own trading this … [Read More...]
5:30am NY Time BOE Inflation Report ACTION: N/A Bank of England is going to release its quarterly Inflation report on economic growth and projection for the next 24 months. This report will be release … [Read More...]
7:30pm NY Time AU Retail Sales Forecast 0.8% Previous -0.7% ACTION: BUY 1.4% SELL 0.2% AUD/USD We’ll be looking for a possible again today on the Australian … [Read More...]
We’ll be getting GDP release from Canada today, and with BOC scheduled to hike interest rate tomorrow (Tuesday), we could expect the currency market to pay attention to this release as a stronger GDP … [Read More...]
10:00am (NY Time) US New Home Sales Forecast 442K Previous 433K ACTION: USD/JPY or USD/CHF BUY 512K SELL 370K New Home Sales is expected at 442K, if the number is lower, it … [Read More...]
10:00am (NY Time) US ISM Manufacturing PMI Forecast 54.8 Previous 55.7 ACTION: USD/JPY BUY 57.0 SELL 52.0 We'll be looking to trade the ISM Manufacturing PMI today and we’ll … [Read More...]
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