Forex News Trading and Currency Training Analysis Video
It’s Henry Liu here with this week’s upcoming news releases… and as usual, I’ll be sending you more detailed analysis for each and every one of the releases listed below just a day prior to their schedules. This week is GBP week, because we’ll be trading MPC Minutes, CPI, and Retail Sales… We may also get some pre-news trading opportunities… Exciting times!
Hey folks:
It’s been an extremely busy week for me, but as far as news releases, this past week was relatively quiet. Here’s what happened with news trading:
NEWS TRADING
1. Tue August 10, 2010 2:15pm EDT – US Federal Funds Rate - Analysis Triggered – 60+ pips
2. Wed August 11, 2010 9:30pm EDT – AU Employment Change
3. Thu August 12, 2010 6:45pm EDT – NZ Retail Sales
Hey folks:
It’s Henry Liu here with this week’s upcoming news releases… and as usual, I’ll be sending you more detailed analyses just a day prior to their scheduled releases… This week is going to be quiet compared to the hectic week we had, but because it is going to be quiet, market should react more to pre-news sentiments… So it may very well be a great week!
Here’s again for this week’s upcoming news releases and as usual, I’ll be sending you more detailed analysis for each and every one of the high impact tradable releases listed below:
This is what I wrote in my Weekly Outlook this week…
I usually don’t post much from my Weekly Outlook to my blog, this is to protect my paying subscribers, but with the NFP on Friday and current market condition, I feel that everyone will benefit from a closer look… So here it is:
The headline is that NFP (nonfarm payroll) missed expectation and came out at:
Today has been a tough day as I was literally glued in front of my PC trading… we don’t get FIVE tradable news everyday.
Anyways, I hope you did well, I picked up couple hundred pips on JPY pairs, as a matter of fact, I timed the entry on GBP/JPY right around 130.80, and if you were watching the market, you’d know that right now GBP/JPY is around 135.00 level…
Looking at the market on early open Sunday and browsing through the headlines over the EU Summit last week, I’ve got the distinct impression that risk aversion sentiment brought on by the Greece debt crisis prior to the Summit is now over. The perception of a possible “need” for an IMF bailout is at least, temporarily, out of mind and out of sight, and as currency trading is concerned, we have reasons now to expect a risk appetite driven market this week, as long as we don’t get any unscheduled negative news releases…
4:30am (NY Time) UK Manufacturing PMI Forecast 50.1 Previous 49.5 ACTION: GBP/USD BUY 52.1 SELL 48.00 Our focus will be on the Manufacturing PMI number from UK today, … [Read More...]
8:30am (NY Time) US Core CPI m/m Forecast 0.2% Previous 0.1% ACTION: USD/JPY BUY 0.4% SELL 0.0% We’ll be focusing on the Core CPI release today and our minimum tradable … [Read More...]
We’ll be getting GDP release from Canada today, and with BOC scheduled to hike interest rate tomorrow (Tuesday), we could expect the currency market to pay attention to this release as a stronger GDP … [Read More...]
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00% ACTION: EUR/USD N/A ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or … [Read More...]
We'll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released earlier this week, here's the forecast: 4:30am … [Read More...]
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Manufacturing PMI as this release is targeting the Manufacturing sector. As a leading … [Read More...]
We'll be trading the US NFP (Nonfarm Payroll) Employment Changes, it is the most volatile news release for the week as traders and their cousins all sit around in front of their PCs preparing to jump in... … [Read More...]
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