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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%
US Existing Home Sales is expected to remain unchanged from the previous month as current market situation is showing signs of bottoming out on the housing sector. Here’s forecast:
Existing Home Sales Forecast 5.27M Previous 5.28M
ACTION: EURUSD SELL 5.7M / BUY 4.80M
US Existing Home Sales is expected to remain unchanged from the previous month as current market situation is showing signs of bottoming out on the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.88M Previous 4.68M
ACTION: EURUSD SELL 5.3M / BUY 4.40M
US Existing Home Sales is expected to remain unchanged from the previous month as current market situation is showing signs of bottoming out on the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.50M Previous 4.53M
ACTION: EURUSD SELL 4.9M BUY 4.00M
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 increase from previous month as current market situation is showing signs of bottoming out on the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.29M Previous 4.13M
ACTION: EURUSD SELL 4.7M BUY 3.90M
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 decline from previous month as current market situation is adding more pressure to the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.11M Previous 3.83M
ACTION: USD/JPY BUY 4.5M SELL 3.70M
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:
9:30pm (NY Time) AU GDP q/q Forecast 0.9% Previous 0.5%
ACTION: AUD/USD BUY 1.2% SELL 0.6%
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