Forex News Trading and Currency Training Analysis Video
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
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.
8:30am (NY Time) US NFP Forecast 515K Previous 290K
(Unemployment Rate 9.8%)
ACTION: USD/JPY BUY 600K SELL 450K
We’ll be trading the NFP release today, which is expected at +515K with a previous release of 290K. If you remember what took place during last NFP release, market reacted with extreme risk aversion sentiment despite of the surprise NFP release by positive 100K of deviation, and that’s mainly due to the unexpected rise in Unemployment Rate to 9.9% from 9.7%…
US Prelim GDP is also known as the 2nd Quarterly GDP release. Since GDP is the measurement of the economy, traders pay more attention to this release as any surprise numbers could change the short term trend… Here is the forecast:
8:30am NY Time US Prelim GDP q/q Forecast 3.5% Previous 3.2%
ACTION: USD/JPY BUY 3.8% SELL 3.2%
8:30m (NY Time) US NFP Forecast 185K Previous -36K
(Unemployment Rate 9.7%)
ACTION: SELL 100K USD/JPY BUY 250K USD/JPY
We’ll be trading the NFP release today, which is expected at +185K with a previous release of -36K. If you remember what took place during last NFP release, market reacted extremely positive for both USD and risk appetite sentiment as the market was originally expecting a much worse release due to the severe weather condition, but instead NFP came out better than expected with also a better release on the Unemployment Rate by 0.1%…
8:30m (NY Time) US NFP Forecast -56K Previous -20K (Unemployment Rate 9.8%)
ACTION: SELL -120K USD/JPY BUY 20K USD/JPY
We’ll be focusing on the NFP release today, which is expected at -56K with a previous release of -20K; if you remember what happened last NFP, you’d know that the market reacted to the NFP with an initial risk appetite sentiment as the Unemployment Rate went down to 9.7% (10.0% expected), but turned into risk aversion as both benchmark revision and actual release figures brought concerns over the recovery (or lack of) in the job’s market…
8:30am NY Time US Prelim GDP q/q Forecast 5.6% Previous 5.7%
ACTION: USD/JPY BUY 5.9% SELL 5.3%
We’ll be trading the 4th (Q4 2009) quarterly release of U.S. GDP number. The first release, or the Advanced GDP release last month, came out surprising upwards at 5.7% and we’ll probably not see much volatility in the market on this second release as more usually during the 2nd release more data have become available thus less possibilities of surprise. The important fact is to consider the context of the market at the time of the news release, remember market have priced in this release already.
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00% ACTION: EUR/USD N/A ECB (European Central Bank) will probably leave rates at an unchanged level of 1.00%. It is … [Read More...]
12:30am (NY Time) AU RBA Rate Decision Forecast 3.00% Previous 3.00% ACTION: AUD/USD N/A Reserve Bank of Australia will release its interest rate decision today. Almost 100% of analysts … [Read More...]
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00% ACTION: EUR/USD N/A It is widely expected that ECB (European Central Bank) is likely to leave its official interest … [Read More...]
10:00am NY Time New Home Sales Forecast 318K Previous 309K ACTION: USD/JPY BUY 390K SELL 250K We’ll be looking for a possible trade from … [Read More...]
4:30am (NY Time) UK Services PMI Forecast 53.9 Previous 53.2 ACTION: GBP/USD BUY 56.00 SELL 51.5 We will watch this report closely as the UK … [Read More...]
Here's again for this week's upcoming news releases and as usual, I'll be sending you more detailed analysis for each and every one of the high impact tradable releases listed below: 1. Mon August 2, … [Read More...]
4:30am (NY Time) UK Services PMI Forecast 55.0 Previous 54.5 ACTION: GBP/USD BUY 57.0 SELL 53.0 We'll be trading the Services … [Read More...]
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