by Henry Liu on December 2, 2009
8:30am NY Time ECB Chairman Trichet Press Conference
ACTION: N/A
Trichet usually delivers an official statement along with a Q&A session 45 minutes after the official rate decision at 8:30am. This press conference is usually very volatile and the market is always looking for clues from Trichet’s tone over future monetary policy directions. If Trichet is hawkish over the future of EURO, namely talking about exit strategey and possibility of rate hikes, then we will see EURO gaining across the board; however, if Trichet is dovish, focused on how slow the recovery might be and also on the issues over the imbalances of recovery within the members of EURO Zone, we’ll probably see EURO trade lower against other currencies… Furthermore, Trichet will never tell you what you want to hear… therefore you need to listen between the lines and keep an eye on the market for confirmation.
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by Henry Liu on November 4, 2009
8:30am (NY Time) EU Trichet Press Conference
ACTION: EUR/USD BUY (Hawkish) SELL (Dovish)
Trichet will deliver an official statement along with a Q&A session afterwards. This press conference is usually very volatile and the market is always looking for clues from Trichet’s tone for future monetary policy directions. If Trichet is hawkish over the future of EURO, namely talking about exit strategey and possibility of hikig rates, then we will see EURO gain; if Trichet is dovish, focused on the real picture of the recovery, then we will see EURO trade lower against all other currencies.
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by Henry Liu on August 19, 2009
4:30am (NY Time) UK Retail Sales Forecast 0.3% Previous 1.2%
ACTION: GBP/USD BUY 0.9% SELL -0.3%
Our focus will once again be on the UK Retail Sales, which measures activities at the retail level of the nation; a higher Retail sales number means better economy, thus better for Sterling.
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by Henry Liu on August 4, 2009
10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 48.1 Previous 47.0
ACTION: USD/JPY BUY 50.5 SELL 45.5
We’ll trade today’s ISM Non-Manufacturing PMI as it is a leading indicator of the nation’s Services sector. This will also provide clues of possible change in the employment trend. We’ll be careful to interpret the reaction because of the wide impact it has as an US news event.
DEFINITION
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by Henry Liu on July 22, 2009
4:30am (NY Time) UK Retail Sales Forecast 0.4% Previous -0.6%
ACTION: (GBP/USD) BUY 1.0% SELL -0.2%
Our focus will be on Retail Sales, which is a measurement of the activities at the retail level of the nation; a higher Retail sales number means better economy, thus better for its currency.
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