 |
|
|
|||||||||||||||||||||
The Bank of Canada (BOC) will announce their rate decision today at 9:00am sharp.
Here’s what analysts expect:
9:00am (NY Time) CA BOC Rate Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD BUY 0.75% SELL 1.25%
The Trade Plan
Most analyst agree that the BOC will hold rates at 1.00%. I’ll be trading this release with a 0.25% deviation using Spike Trading method. In the event of a surprise hike it’s almost guaranteed that we’ll see strong market movement immediately after the release.
The Bank of Canada (BOC) will announce their rate decision today at 9:00am sharp.
Here’s what analysts expect:
9:00am (NY Time) CA BOC Rate Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD BUY 0.75% SELL 1.25%
The Trade Plan
Most analyst agree that the BOC will hold rates at 1.00%. I’ll be trading this release with a 0.25% deviation using Spike Trading method. In the event of a surprise hike it’s almost guaranteed that we’ll see strong market movement immediately after the release.
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 Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD BUY 0.75 SELL 1.25%
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 Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD SELL 1.25%
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:
4:45pm (NY Time) NZ CPI q/q Forecast 2.3% Previous 1.1%
ACTION: NZD/USD BUY 2.6% SELL 2.0%
The Basic Plan
Our focus will be on the headline CPI number. If we get a better release of 2.6%, we should be looking to BUY NZD/USD; if we get a lower release 2.0%, then we’ll see NZD/USD move down. Usually if our BUY or SELL figures are hit, we could expect the market to move about 40~50 pips within the next 30~90 minutes.
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 Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD SELL 1.25%
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 Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD SELL 1.25%
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012) Politics in Europe were the focal point for the markets this week, as the election results in France and Greece added another ... (4,224)
Forex Market Review And Upcoming Forex Calendar (May 21 ~ 25, 2012) Here are some headlines that dominated the market for the week: Euro exacerbated its loss on further worries over Greece and France, the ... (3,612)
Forex Trading Strategies #3 – The Correct Trend This is part 3 of my 7-part series on trading strategies. Click here for part 2: The Right Timing.
Forex Trading ... (2,471)
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
The entire financial world will be paying attention to the meeting minutes from the last FOMC meeting where the Federal Reserve ... (2,457)
Forex Trading Strategies #4 – Support and Resistance This is the 4th article on my 7-part series of Forex Trading Strategies, Click here to read Part-3: The Correct ... (2,244)
Forex Trading Strategies #5 – Market Psychology This is a 7-part series on Forex Trading Strategies, Click here for my strategy #4: Support & Resistance
I have given a ... (2,052)
Forex Trading Strategies #2 – The Right Timing This is part 2 of my 7-part series on trading strategies. Click here for part 1: The Real Reason.
Forex Trading ... (2,047)
US Core CPI – May 15, 2012 – Forex Strategy
We´ll be trading US Core CPI m/m release tomorrow. CPI or Consumer Price Index, also known as the “true cost ... (1,951)