UK Revised GDP q/q | November 23, 2017 | Currency News Plan

UK Revised GDP q/q is a second GDP release for the Q3 of 2017 period, and since it is the second release for the same quarter market is less likely to surprise as more data has become available since the first release. Judging from the forecast and prior reading, I do not think there is […]

CA Core Retail Sales | November 23, 2017 | Forex News Trading

CA Core Retail Sales is going to provide market an opportunity to trade but honestly with the US market closed due to holidays, it’s probably best to stay out of the market. I have seen some violent moves during Thanksgiving weekends.  As a matter of fact, central banks intervene during this period to minimize losses.  […]

NZ Retail Sales | November 22, 2017 | Currency News Trading

NZ Retail Sales release is a quarterly release and since it is scheduled during U.S. afternoon it will be the only high impact release at this time.  Considering that it’s the Thanksgiving holiday week in the U.S., the market is going to close shop early and volatilities are going to die down.  If we do […]

CA Core CPI | November 17, 2017 | Forex News Trading

CA Core CPI is a high impact release for CAD although it’s usually not very tradable unless we get a huge deviation.  With the USD remaining quite strong and the fact crude prices continue to fluctuate, it will be difficult to predict a market trend for the CAD, but for the short-term, we could still […]

UK Retail Sales | November 16, 2017 | News Trading Plan

UK Retail Sales is usually a very decent news to trade especially considering recent strength in the GBP despite constant pressure from the US Dollar.  With CPI remaining above the 3.0%, I believe GBP is a long hold trade and we may very well see the currency continue its ascension. 4:30am (NY Time) UK Retail Sales […]

AU Employment Change | November 15, 2017 | Currency Analysis

The Australian Employment Change release should provide an opportunity to trade the Aussie especially if we were to get our tradable figures.  With USD remaining strong against the AUD, any weaker than expected release could drive the AUDUSD pair lower, possibly breaching the current support and push the pair to new multi-month lows. However, if […]

US Core Retail Sales | November 15, 2017 | Forex Trading

US Core Retail Sales is a high impact tradable release and since it’s scheduled at the same time as the Core CPI, I’d recommend paying close attention to both releases.  Since either has the potential of really impacting the short-term market, unless we get a consensus, I’d recommend just staying out.  At the end of the […]

US Core CPI | November 15, 2017 | Forex News

US Core CPI is expected to rise only around the 0.2% again this month but with the USD remaining resilient and positive outlooks in the equity market, I would not expect any sudden changes even if we get a surprise reading today.  As a matter of fact,  the overall currency market seems well-balanced.  The next […]

UK CPI y/y | November 14, 2017 | Forex Strategy

UK CPI y/y release could be a market mover, especially following last BOE rate hike.  If we get a persistent rise in inflation, yet for another reading, it’s very likely that BOE could hike in the next 3 meetings, enough to add plenty of support for the GBP. Obviously, if we do get a stronger […]

NZ RBNZ Interest Rates | November 8, 2017 | Currency Trading

RBNZ Interest Rates decision today is expected remain at the current level of 1.75% as there are very little expectations for a surprise today. Similar to RBA’s rate decision, the market is not expecting any surprises, judging from the lack of inflationary pressure to support such action.  If RBNZ surprises the market, it will be blindsided […]

AU RBA Interest Rate Decision | November 6, 2017 | Forex Trading

AU RBA Interest Rate Decision today is once again expected to remain unchanged at the current level of 1.50%.  It is highly unlikely that RBA will surprise the market today, especially considering that CPI is not yet pressuring the central bank to act, unlike the situation in the UK. Obviously, if everything goes according to […]

US ISM Non-Manufacturing PMI | November 3, 2017 | Forex News Trading

US ISM Non-Manufacturing PMI is usually very market moving and considering that over 70% of U.S. labor force is services related, today’s release should most definitely move the market, but since it’s scheduled AFTER the Nonfarm Payroll, I’d only trade if we get a conflict with the NFP.  I’ve seen huge retracements with ISM PMI […]

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