by Henry Liu on November 22, 2009
8:30am NY Time Canada Core Retail Sales Forecast 0.4% Previous 0.5%
ACTION: USD/CAD BUY -0.2% SELL 1.0%
We’ll trade the Core Retail Sales release from Canada and not the headline release; the core release as a forecast expectation of 0.4% with a previous release at 0.5%. Core Retail Sales release is a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A better release means more consumer spending, which leads to better economy, thus better for its currency. And of course the CORE reading provides a far more accurate look of the actual economy.
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by Henry Liu on November 4, 2009
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
ECB (European Central Bank) is likely to leave its official interest rate once again at 1.00%, or unchanged. Analysts surveyed by different news agencies (Bloomberg, Reuters, etc…) seem to agree that it is too soon for ECB to hike interest rate and the time has passed for further rate cuts. ECB’s next interest rate move is likely to be a hike, but it probably won’t take place until the end of first quarter of 2010.
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by Henry Liu on November 4, 2009
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
Bank of England’s Monetary Policy Committee (MPC) is scheduled to release its interest rate decision once again today, and consensus expectation is to keep rates at 0.50%, which is no surprise to most traders. However, the important focus today will be the APF (Asset Purchasing Facility, or Quantitative Easing, or their Stimulus Program) program, which is expected by analysts to be increased by a minimum of 25 billion Pound to a maximum of 75 billion Pound…
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by Henry Liu on November 3, 2009
8:15am (NY Time) US ADP NFP Changes Forecast -188K Previous -254K
ACTION: USD/JPY or USD/CHF BUY -120K SELL -258K
ADP is the largest private payroll processing providers in the U.S., and it releases its version of Non-Farm Payroll numbers, usually about 2 days before the actual NFP, based on it’s proprietary data. About 80% of the time ADP’s release will go in tandem with the official NFP, but the for the 20% of the exceptions, we’d get figures that were totally off. This is an excellent indicator for the general direction of the market and sometimes serves as a preview of the NFP on Friday; if the numbers comes out as a surprise of at least 70K more or less from the Forecast of -188K, we should look to trade in the direction of the surprise.
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by Henry Liu on November 2, 2009
10:30pm (NY Time) AU RBA Rate Decision Forecast 3.50% Previous 3.25%
ACTION: AUD/USD BUY 3.75% SELL 3.25%
RBA started the rate hike cycle during last rate decision and now analysts believe RBA will likely to hike rates by another 25 basis point to 3.50% today. Should RBA hike rates by 50 basis point instead of 25, we should see AUD/USD break upwards and possibly retest some resistance areas; however, if RBA decides to keep rates unchanged at the current level, we could see AUD/USD drop below the 0.8800 level.
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by Henry Liu on October 28, 2009
Ok guys, I know you are wondering… and I apologize as I have been working day and night for the past 2 weeks trying to launch a new version of newsprofiteer.com, and of course, my new mentoring system…
I don’t want to get too much into it, because it is sort of a surprise… but I promise, you’ll definitely like it… So bear with me just a few more days, as the official launch date is next week…
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by Henry Liu on October 22, 2009
4:30am (NY Time) UK GDP q/q Forecast 0.2% Previous -0.6%
ACTION: (GBP/USD) BUY 0.4% SELL -0.1%
We’ll be trading the Prelim GDP q/q, which is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measure of the economy’s health, and a stronger GDP means that the central bank will more likely to raise to curb inflation.
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