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.
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Forex News Trading US Nonfarm Payroll (NFP) 02/03/12 We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s ... (3108) Forex Analysis For US Nonfarm Payroll (NFP) Employment 01/06/12 We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s ... (3057)
Upcoming Forex News Calendar For January 16 ~ 20, 2012
The news on Friday was that S&P finally downgraded a number of euro zone member nations, including France's sovereign ratingby ... (2515)
Upcoming Forex News Calendar For January 9 ~ 13, 2012 The first real trading week for the new year in markets started with investors focused on Europe. US and European markets were ... (2270)
Forex News Trading US Advanced GDP 01/27/12 Here is the forecast for the US Advanced GDP q/q :
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2158)
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