 |
|
|
|||||||||||||||||||||
Canada’s monthly GDP report will be released today. Here’s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous -0.2%
ACTION: USD/CAD BUY 0.0% SELL 0.4%
The Trade Plan
Let’s look to BUY USD/CAD if we get a 0.0% or lower release. Look to SELL USD/CAD if we get a 0.4% or higher. With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD.
We’ll be receiving the monthly GDP release from Canada today. Here’s the forecast:
8:30am NY Time Canada GDP m/m Forecast 0.0% Previous 0.5%
ACTION: USD/CAD BUY - 0.2% SELL 0.2%
The Trade Plan
I’ll be looking to BUY USD/CAD if we get a -0.2% or lower release, and SELL USD/CAD if we get a 0.2% or higher… With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD.
We’ll be receiving the monthly GDP release from Canada today. Here’s the forecast:
8:30am NY Time Canada GDP m/m Forecast 0.5% Previous 0.5%
ACTION: USD/CAD BUY 0.2% SELL 0.8%
The Trade Plan
I’ll be looking to BUY USD/CAD if we get a 0.2% or lower release, and SELL USD/CAD if we get a 0.8% or higher… With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD.
We’ll be receiving the monthly GDP release from Canada today. Here’s the forecast:
8:30am NY Time Canada GDP m/m Forecast 0.3% Previous 0.4%
ACTION: USD/CAD BUY 0.0% SELL 0.6%
The Trade Plan
I’ll be looking to BUY USD/CAD if we get a 0.0% or lower release, and SELL USD/CAD if we get a 0.6% or higher… With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD.
We’ll be receiving GDP release from Canada today. Here’s the forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous 0.2%
ACTION: USD/CAD BUY -0.1% SELL 0.4%
The Trade Plan
I’ll be looking to BUY USD/CAD if we get a -0.1% or lower release, and SELL USD/CAD if we get a 0.4% or higher… With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD.
We’ll be receiving GDP release from Canada today. Here’s the forecast:
8:30am NY Time Canada GDP m/m Forecast -0.1% Previous 0.2%
ACTION: USD/CAD BUY -0.4% SELL 0.2%
The Trade Plan
I’ll be looking to BUY USD/CAD if we get a -0.4% or lower release, and SELL USD/CAD if we get a 0.2% or higher… With recent uncertainty in the U.S. economy, a stronger GDP number may provide strong contrast and we should see more demand for CAD; on the other hand, on a worse than expected figure, market turn on CAD… I’ll be looking for a Retracement Trade Method for this release.
We’ll be receiving GDP release from Canada today. Here’s the forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous 0.1%
ACTION: USD/CAD BUY -0.1% SELL 0.5%
The Trade Plan
I’ll be looking to BUY USD/CAD if we get a -0.1% or lower release, and SELL USD/CAD if we get a 0.5% or higher… With recent strength risk aversion sentiment driven market and stock market tumbling, a stronger GDP should provide some support for the CAD and I’ll be looking for a Retracement Trade Method for this release.
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 ... (3,657)
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 ... (2,481)
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 ... (2,054)
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 ... (2,048)
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)