Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.
Here is the forecast:
7:30pm (NY Time) AU GDP q/q Forecast 1.2% Previous 1.2%
ACTION: AUD/USD BUY 1.5% SELL 0.9%
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.
Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast 1.0% Previous -1.2%
ACTION: AUD/USD BUY 1.3% SELL 0.5%
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.
Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast -1.0% Previous 0.7%
ACTION: AUD/USD BUY -0.7% SELL -1.3%
US Existing Home Sales is expected to rise slightly from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast:
10:00am Existing Home Sales Forecast 5.21M Previous 5.10M
ACTION: EURUSD SELL 5.60M / BUY 4.80M
The Trade Plan
Because the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
US Existing Home Sales is expected to drop close to 4.7% from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast:
Existing Home Sales Forecast 5.02M Previous 4.88M
ACTION: EURUSD SELL 5.42M / BUY 4.62M
The Trade Plan
Because the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
US Existing Home Sales is expected to drop close to 4.7% from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast:
Existing Home Sales Forecast 5.15M Previous 5.36M
ACTION: EURUSD SELL 5.55M / BUY 4.75M
The Trade Plan
Because the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD. Here is the forecast:
7:30pm (NY Time) AU GDP q/q Forecast 0.6% Previous 0.2%
ACTION: AUD/USD BUY 0.9% SELL 0.3%
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Forex News Trading US Advanced GDP 01/27/12 Here is the forecast for the US Advanced GDP q/q :
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2176)
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