Forex News Trading and Currency Training Analysis Video
US Prelim GDP is also known as the 2nd Quarterly GDP release. Since GDP is the measurement of the economy, traders pay more attention to this release as any surprise numbers could change the short term trend… Here is the forecast:
8:30am NY Time US Prelim GDP q/q Forecast 3.5% Previous 3.2%
ACTION: USD/JPY BUY 3.8% SELL 3.2%
8:30am NY Time US Prelim GDP q/q Forecast 5.6% Previous 5.7%
ACTION: USD/JPY BUY 5.9% SELL 5.3%
We’ll be trading the 4th (Q4 2009) quarterly release of U.S. GDP number. The first release, or the Advanced GDP release last month, came out surprising upwards at 5.7% and we’ll probably not see much volatility in the market on this second release as more usually during the 2nd release more data have become available thus less possibilities of surprise. The important fact is to consider the context of the market at the time of the news release, remember market have priced in this release already.
8:30am NY Time US Prelim GDP q/q Forecast 2.9% Previous 3.5%
ACTION: USD/JPY BUY 3.2% SELL 2.6%
Our focus tomorrow will be on the second quarterly release of U.S. GDP numbers. The first release, or the Advanced GDP release last month, came out surprising upwards; however, the surprise of 3.5% was largely made up by the uptick in Motor Vehicle components, which added 1.66% to the GDP number. Therefore, the actual GDP release should’ve missed consensus expectation if it wasn’t for the “Cash for Clunkers” program sponsored by the government.
Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, this is an economic indicator for the Employment Changes in Australia, here’s the forecast: 9:30pm … [Read More...]
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 their interest … [Read More...]
8:15am NY Time US ADP NFP Change Forecast -149K Previous -203K ACTION: USD/JPY BUY -80K SELL -230K Our focus today will be on the ADP Employment Release. … [Read More...]
5:30am (NY Time) BOE Inflation Report N/A ACTION: GBP/USD or GBP/JPY BUY Hawkish SELL Dovish This is a quarterly report from BOE on projections of inflation and the economy for … [Read More...]
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors. As a leading indicator, … [Read More...]
The plan for Existing Home Sales release from U.S. will be the typical retracement trading method, where we’ll wait for the release and then wait for a decent retracement before getting into a trade. … [Read More...]
4:45pm (NY Time) NZ CPI q/q Forecast 0.0% Previous 1.3% ACTION: NZD/USD BUY 1.1% SELL 0.5% Our focus will be on the headline CPI number. If we get a better than expected … [Read More...]
Recent Comments