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%…
I’d like to invite you to trade with me in a live seminar this
Friday as we look at both Canada Employment Change (7:00am) and
U.S. Nonfarm Payroll releases (8:30am) on June 4, 2010. (All times
are in U.S. EDT time, or NY Time)
This free seminar starts at 6:30am; I’ll need 30 minutes to go over a
few important points before the release time. Then we’ll prepare
and wait for a live trading opportunity at the 7:00am release.
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%…
Looking at the market on early open Sunday and browsing through the headlines over the EU Summit last week, I’ve got the distinct impression that risk aversion sentiment brought on by the Greece debt crisis prior to the Summit is now over. The perception of a possible “need” for an IMF bailout is at least, temporarily, out of mind and out of sight, and as currency trading is concerned, we have reasons now to expect a risk appetite driven market this week, as long as we don’t get any unscheduled negative news releases…
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…
We'll be getting the Retail Sales figure from Australia today, and if you've been following news out of Australia, you'd know that Retail Sales has been a sticky point for aussie economy that a strong … [Read More...]
4:30am (NY Time) UK Service PMI Forecast 55.4 Previous 55.3 ACTION: GBP/USD SELL 53.40 BUY 57.40 We'll be trading the Services PMI figure … [Read More...]
RBA (Reserve Bank of Australia) is expected to hold borrowing costs steady for the second consecutive month in July, as a overwhelming 22 analysts unanimously agree as surveyed by Bloomberg... Here's … [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...]
Last week’s major news was the FOMC rate decision and the accompanied statement, while no one expected any changes in the current Interest rate, most were expecting some kind of optimistic follow-up … [Read More...]
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00% ACTION: EUR/USD N/A ECB (European Central Bank) is once again to leave rates at an unchanged level of 1.00%. It … [Read More...]
4:30am (NY Time) UK Retail Sales Forecast 0.4% Previous -0.6% ACTION: (GBP/USD) BUY 1.0% SELL … [Read More...]
Henry Liu (1)
Kingsley (1)
Robert ... (1)
stephen (1)
Recent Comments