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 March 11 2011, 8:30am NY Time EST) – US Core Retail Sales m/m – Today, 03:32 AM

We’ll be getting the Core Retail Sales (and Retail Sales) figure out of U.S. today, as high impact news releases are concerned, Retail Sales makes up about 2/3 of U.S. GDP (economy)… Here’s the forecast: 8:30am (NY Time) US Core Retail Sales Forecast 0.7% Previous 0.3% ACTION: 1.2% BUY USDJPY / 0.2% BUY GBPUSD The Trade Plan The plan to trade this release is straight forward. We are going … [Read more...]

Forex Signal (Fri March 11 7:00am NY Time EST) – CA Employment Change – Today, 03:07 AM

We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast: 7:00am (NY Time) CA Employment Change Forecast 26K Previous 69.2K Unemployment Rate 7.7% ACTION: USDCAD BUY -5K SELL 55K The Trade Plan Canadian Employment Change report will be release at 7:00am sharp today, and it's the first of two high impact tradable news releases today. What I am looking … [Read more...]