by Henry Liu on September 22, 2010
US Existing Home Sales is expected to decline from previous month as current market situation is adding more pressure to the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.11M Previous 3.83M
ACTION: USD/JPY BUY 4.5M SELL 3.70M
The Trade Plan
Because the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
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by Henry Liu on August 23, 2010
US Existing Home Sales is expected to decline from previous month as current market situation is adding more pressure to the housing sector. Here’s forecast:
Existing Home Sales Forecast 4.70M Previous 5.37M
ACTION: USD/JPY BUY 5.10M SELL 4.30M
The Trade Plan
Because the Housing sector is one of the most important news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
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by Henry Liu on July 21, 2010
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. Here is the forecast for this release:
Existing Home Sales Forecast 5.18M Previous 5.66M
ACTION: USD/JPY BUY 5.60M SELL 4.80M
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by Henry Liu on December 7, 2009
9:00am (NY Time) CA BOC Rate Decision Forecast 0.25% Previous 0.25%
ACTION: USD/CAD Depend on Market Condition
BOC (Bank of Canada) will renders its Overnight Rate decisions for the last time in 2009, and today’s meeting will be watched by traders and speculators since interest rate policy serves as a tool to curb inflation and maintain price stability, this news event is probably the most important event for the day.
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by Henry Liu on November 22, 2009
10:00am NY Time US Existing Home Sales Forecast 5.71M Previous 5.57M
ACTION: USD/JPY BUY 6.11M SELL 5.37M
We’ll focus on the Existing Home Sales, and since Housing news is one of the more important news event out of the US, this news release will certainly cause some volatility especially if our tradable figures were hit. It is important to consider that if we get a better than expected release, USD could suffer from risk appetite sentiment as signs of housing recovery translate into equity gains; however, a worse release may boost USD demand as investors seek safe-haven shelter in U.S. Treasury. It will be a typical battle between fundamental outlook and risk sentiment… With USD just rallied last week against all other majors, a positive release could accelerate USD’s decline as demand for risk appetite may return to the market.
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by Henry Liu on October 22, 2009
10:00am (NY Time) US Existing Home Sales Forecast 5.37M Previous 5.10M
ACTION: USD/JPY, USD/CHF BUY 5.77M SELL 4.90M
We’ll focus on the Existing Home Sales, which is expected at 5.37M; Our tradable difference is 400K, or 0.4 Million; if the actual figure is lower, it would be bearish for the USD and good for risk aversion; if the number is higher, then it would be bullish for USD and good for risk appetite.
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by Henry Liu on October 13, 2009
[flv:http://www.newsprofiteer.com/101409-usfomc/101409-usfomc.mp4 480 360]
2:00pm (NY Time) US FOMC Meeting Minutes
ACTION: N/A
FOMC Meeting minutes is released 3 weeks after the Fed Fund Rate decision, and we get 8 rate decisions out of the year from Federal Reserve, therefore also about 8 of these minutes releases.
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