by Henry Liu on October 29, 2009
8:30am (NY Time) CA GDP m/m Forecast 0.1% Previous 0.0%
ACTION: USD/CAD SELL 0.4% BUY -0.2%
We’ll be focusing on the Canadian GDP month on month release, which is defined (from wikipedia) as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP has a strong effect on the cash rate of the CAD, as better economy affects BOC’s rate outlook and future monetary policy.
Click on post title above to read the full article.
by Henry Liu on October 28, 2009
8:30am (NY Time) US ADV GDP q/q Forecast 3.2% Previous -0.7%
ACTION: USD/JPY USD/CHF BUY 3.5% SELL 2.9%
Our focus tomorrow will be on the first quarterly release of U.S. GDP numbers. Analysts are already saying that we could be looking at upward surprises as recent market sentiment is at all year high. We are looking for a 0.3% deviation on the expected 3.2%. Therefore if we get a 3.5% on the advanced 3rd quarter GDP, it would be US Dollar positive. We will BUY USD/JPY. However, if we get a 2.9% release, then we would be SELLING USD/JPY. With USD being regarded as safe-haven currency, if we get a worse than expected number, we might still see USD getting stronger as traders scramble to BUY US Treasuries, making USD stronger than most european currencies such as Euro and Sterling.
Click on post title above to read the full article.
by Henry Liu on October 15, 2009
7:00am (NY Time) CA Core CPI m/m Forecast 0.2% Previous 0.1%
ACTION: USD/CAD BUY -0.1% SELL 0.5%
Our tradable deviation for the Canadian Core CPI based on historical track record is 0.3%, therefore in order to trade this release successfully I’ll be looking for tradable releases of 0.5% or better to SELL USD/CAD or a -0.1% or worse to BUY USD/CAD.
Click on post title above to read the full article.
by Henry Liu on October 14, 2009
[flv:http://www.newsprofiteer.com/101509-uscpi/101509-uscpi.mp4 480 360]
8:30am (NY Time) US Core CPI m/m Forecast 0.1% Previous 0.1%
ACTION: USD/JPY BUY 0.3% SELL -0.1%
We are going to look for a surprise factor of 0.2%; if the CPI number (core) increases to a release at 0.3% then we will BUY of USD/JPY. If the CPI number decreases to -0.1% or less, we’ll SELL USD/JPY. Historically even at a difference of 0.1%, market is likely to to exaggerate, therefore if either of our tradable releases is hit, there is about 80% of chance market will move 50 pips.
Click on post title above to read the full article.
by Henry Liu on October 12, 2009
[flv:http://www.newsprofiteer.com/101309-ukcpi/101309-ukcpi.mp4 480 360]
4:30am (NY Time) UK CPI y/y Forecast 1.3% Previous 1.6%
ACTION: GBP/USD BUY 1.5% SELL 1.1%
Our surprise factor (or deviation) is at 0.2%. If the yearly Inflation number increases to a surprise of 1.5% then we will BUY of GBP/USD. If the Inflation number decreases to 1.1% or less, we’ll look to SELL GBP/USD. Historically, even at a difference of 0.1%, we tend to see the market overreact. If our S. Factor gets hit, there is a probability of over 80% that the market will move 50 pips within the next 30 minutes.
Click on post title above to read the full article.
Forex Market Review and Upcoming Forex Calendar (May 14 ~ 18, 2012)
Forex Market Review And Upcoming Forex Calendar (May 21 ~ 25, 2012)
Forex Trading Strategies #3 – The Correct Trend
US FOMC Meeting Minutes – May 16, 2012 – Forex Strategy
Forex Trading Strategies #4 – Support and Resistance
Forex Trading Strategies #5 – Market Psychology
Forex Trading Strategies #2 – The Right Timing
US Core CPI – May 15, 2012 – Forex Strategy