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8:30am (NY Time) USA Trade Balance BUY USD/JPY -14.4B SELL USD/JPY -35.4B
8:30am (NY TIme) CAD Trade Balance SELL EUR/CAD 0.1B BUY EUR/CAD -1.3B
Again we have both trade balances coming out at the same time. The object will be to trade one currency pair only, so its either EUR/CAD or USD/JPY. Do not trade both or you might get confused and lose money.
10:00am (NY Time) US ISM Manufacturing PMI Forecast 46.4 Previous 44.8
ACTION: USD/JPY BUY 49.0 SELL 44.0
This is one of the first important indicator for this week and may have a longer effect for the rest of the month. If the number is lower, we’ll look to BUY GBP/USD, EUR/USD or SELL USD/JPY, USD/CHF, USD/CAD. If the number is significantly higher, we’ll look to SELL GBP/USD, EUR/USD or BUY USD/JPY, USD/CHF, USD/CAD. But remember, take a couple of seconds to see the market reaction if the number is lower. We could very well see broad bullish sentiment for the U.S. Dollar and ignore the worse number.
8:30am (NY Time) EU Trichet Press Conference ACTION: EUR/USD BUY (Hawkish) SELL (Dovish) Trichet will deliver a statement along with a pretty-lengthy Q&A session after. This press … [Read More...]
9:30pm (NY Time) AU Retail Sales m/m Forecast 0.5% Previous 1.0% ACTION: AUD/USD BUY 1.1% … [Read More...]
Here is a basic plan to trade US Core Retail Sales and Core CPI releases scheduled for tomorrow at exactly 8:30am NY Time. Because of the schedule conflict this week due to early month holidays, we have … [Read More...]
4:30am (NY Time) UK Retail Sales Forecast 0.4% Previous -0.6% ACTION: (GBP/USD) BUY 1.0% SELL … [Read More...]
I get asked a lot about my Currency Strength Meter and some of the best ways to use it. I made a short video (26 minutes) covering the 7 ways that I use my meter and I hope it will spark a new idea … [Read More...]
7:00am (NY Time) CA Core CPI m/m Forecast 0.0% Previous 0.3% ACTION: USD/CAD BUY -0.3% SELL 0.3% Our focus will be on the Core CPI release from Canada and the … [Read More...]
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50% ACTION: GBP/USD N/A UK's BOE, Bank of England’s Monetary Policy Committee (MPC) is scheduled to release … [Read More...]
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