Archives for July 2011

Forex Signal (Wed July 20 2011, 10:00am NY Time EDT) – US Existing Home Sales m/m

US Existing Home Sales is expected to rise slightly from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast: 10:00am Existing Home Sales Forecast 4.92M Previous 4.81M ACTION: USDJPY BUY 5.30M / EURUSD BUY 4.50M The Trade Plan Because the Housing sector is one of the most focused news events out of the US, this release will certainly … [Read more...]

EUR/USD Daily Video, July 13, 2011

Good morning, W&R that we've discussed has happened, retracement has started, looks like 1.4140 is nice area to treat it as potential to downward reversal again: Forex Peace Army|Sive Morten EURUSD … [Read more...]

Forex Signal (Wed July 13 2011, 6:45pm NY Time EST) – NZ GDP q/q

We'll be getting the quarterly release of New Zealand's GDP, and because it is a quarterly release, market tends to pay more attention to it, thus more volatility is expected. Here's forecast: 6:45pm NZ GDP q/q Forecast 0.3% Previous 0.2% Action: NZD/USD BUY 0.6% SELL 0.0% The Trade Plan The expected consensus number is 0.3%, and the safe deviation is 0.3%, in the event it is hit, we … [Read more...]

Forex Signal (Fri July 8 2011, 8:30am NY Time EST) – US Nonfarm Payroll Analysis

We'll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here's the forecast: 8:30am (NY Time) US NF Employment Forecast 87K Previous 54K 8:30am (NY Time) US Unemployment Rate Forecast 9.1% Previous 9.1% ACTION: 160K BUY USDJPY / 20K BUY EURUSD The Trade Plan Todays NFP Employment Change release is forecasted at 87K. The ADP employment … [Read more...]

Forex Signal (Thu July 7 2011, 10:00am NY Time EST) – CA IVEY PMI

The Canada IVEY PMI will be released today. This release is considered a leading indicator that receives much attention from traders; especially when its released early in the week before the Employment report. Here's the forecast: 10:00am (NY Time) CA IVEY PMI Forecast 65.7 Previous 69.1 ACTION: USD/CAD BUY 62.0 / SELL 69.0 The Trade Plan Our tradable deviation factor is 3.0. IVEY PMI is … [Read more...]

Forex Signal (Thu July 7 2011, 7:45am NY Time EST) – EU ECB Interest Rate

ECB (European Central Bank) will be rendering its rate decision today, and it will have a pivotal short term impact in the Euro dollar. It is widely believed that ECB will hike rates to 1.50%… Here’s the forecast: 7:45am (NY Time) EU ECB Rate Decision Forecast 1.50% Previous 1.25% ACTION: EUR/USD SELL 1.25% The Trade Plan ECB rate decision comes in two part, the first one is the 7:45am … [Read more...]

Forex Signal (Thu July 7 2011, 7:00am NY Time EST) – UK BOE Interest Rate

BOE (Bank of England) will be rendering its interest rate decision today, and it would provide strong volatility in the market if BOE’s final decision turns out to be a surprise, here’s the forecast: 7:00am (NY Time) UK Official Bank Rate Forecast 0.50% Previous 0.50% APF (Asset Purchasing Facility) Forecast 200B Previous 200B ACTION: GBP/USD BUY 0.75% (Rate) SELL 225B (APF) The Trade … [Read more...]

Forex Signal (Wed July 6 2011, 9:30pm NY Time EST) – AU Employment Change

Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, this is an economic indicator for the Employment Changes in Australia, here’s the forecast: 9:30pm (NY Time) AU Employment Change Forecast 15.3K Previous 7.8K AU Unemployment Rate Forecast 4.9% Previous 4.9% ACTION: AUD/USD BUY 45.0K SELL -15K The Trade Plan The deviation that we are looking … [Read more...]

FOREX PRO Weekly June 27 – July 01, 2011

Fundamentals There is no need to be a prophet to say that situation on the markets remains tough. As a confirmation of that we can point on USD/CHF downward acceleration as strong increase in demand for franc has taken place. Franc, by the way shows greatest appreciation in value, compares to all other currencies. Second, take a look at the yield of short-term Swiss bonds and their correlation … [Read more...]