A Brief Review of the Week's Currency Trade
Posted on November 7, 2011 - Filed Under Uncategorized | Leave a Comment
The euro has been meandering sideways for the past seven sessions, Optimism that solutions for the multifaceted euro problems will be forthcoming from the continuing meetings, seems to be keeping the market strong. There seems to be a risk for all market participants. The European financial officials have had a history of patchwork solutions designed [...]
Read More..>>Specs Sold US Dollars, Bought the Yen Latest COT Report Reveals
Posted on November 6, 2011 - Filed Under Uncategorized | Leave a Comment
Speculators were active sellers of the USD versus other currencies, it was revealed in the latest COT report. The total net speculative long was reduced from 211.140 contracts last week to 135,412 contracts in the latest report. Since the close for the reporting period is always a Tuesday, we expect there was further sizable [...]
Read More..>>Forex Signal (Thursday August 18, 2011 NY TIME 4:30am EDT – UK Retail Sales
Posted on August 18, 2011 - Filed Under Uncategorized | 2 Comments
UK Retail Sales Forecast 0.3% Previous 0.7% Pair to trade: GBP/USD Estimated Pips: 40-50 on Initial Spike The numbers we will look for: BUY GBP/USD if we get a positive deviation of 2.0 or more SELL GBP/USD if we get a negative deviation of -1.0% or more Economical Impact: High (will bring strong volatility) Typical [...]
Read More..>>Forex Signal (Wed July 20 2011, 10:00am NY Time EDT) – US Existing Home Sales m/m
Posted on July 20, 2011 - Filed Under Uncategorized | 1 Comment
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 [...]
Read More..>>EUR/USD Daily Video, July 13, 2011
Posted on July 13, 2011 - Filed Under Uncategorized | Leave a Comment
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
Posted on July 13, 2011 - Filed Under Uncategorized | Leave a Comment
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%, [...]
Read More..>>Forex Signal (Fri July 8 2011, 8:30am NY Time EST) – US Nonfarm Payroll Analysis
Posted on July 8, 2011 - Filed Under Uncategorized | Leave a Comment
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 [...]
Read More..>>Forex Signal (Thu July 7 2011, 10:00am NY Time EST) – CA IVEY PMI
Posted on July 7, 2011 - Filed Under Uncategorized | Leave a Comment
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 [...]
Read More..>>Forex Signal (Thu July 7 2011, 7:45am NY Time EST) – EU ECB Interest Rate
Posted on July 7, 2011 - Filed Under Uncategorized | Leave a Comment
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 [...]
Read More..>>Forex Signal (Thu July 7 2011, 7:00am NY Time EST) – UK BOE Interest Rate
Posted on July 7, 2011 - Filed Under Uncategorized | Leave a Comment
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 [...]
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