New Zealand GDP q/q Spike Trade 09/19/12 (+35 pips)

6:45pm (NY Time) NZ GDP q/q Forecast 0.4% Previous 1.1% ACTION: NZD/USD BUY 0.7% SELL 0.1% Definition 3rd Party Advertisement “Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy. A rising trend has a positive effect on the nation’s currency. GDP is the broadest measure of activity […]

UK Prelim GDP q/q 07/25/12 Spike Trade (+10~20 pips)

4:30am (NY Time) UK GDP q/q Forecast -0.2% Previous -0.3% Definition Our focus will be on the GDP, is defined 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 […]

Money Management Coaching: 3. What is Risk to Reward Ratio?

  What is Risk to Reward Ratio?   A ratio used by many investors to compare the expected returns of an investment to the amount of risk undertaken to capture these returns. Example: If you bought EUR/USD: BUY EU @ 140.00, SL 139.70, TP 140.30 Risk = 30 pips, Reward = 30 pips, ratio 30/30 […]

BOE Official Bank Rate Decision 08/06/09

7:00am (NY Time) UK Interest Rate Decision Forecast 0.50% Previous 0.50% Definition BOE is scheduled to release its interest rate decision today, it is expected that the Bank of England will keep the current rate unchanged at 0.50%. However, there are concerns of possible ending of BOE’s Quantitative Easing policy, or at very least a […]

US Core Retail Sales m/m 10/14/09

8:30am (NY Time) US Core Retail Sales Forecast 0.3% Previous 1.1% Definition “(Retail Sales Core) Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of […]

US Core Retail Sales m/m 12/11/09

8:30am (NY Time) US Core Retail Sales Forecast 0.5% Previous 0.2% Definition “(Retail Sales Core) Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of […]

New Zealand GDP q/q (Gross Domestic Product) 09/22/09

6:45pm (NY Time) NZ GDP q/q Forecast -0.2% Previous -1.0% ACTION: NZD/USD BUY 0.1% SELL -0.5% Definition “Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy. A rising trend has a positive effect on the nation’s currency. GDP is the broadest measure of activity and the primary […]

EUR ECB Rate News Trade 07/02/09

Definition: The rate decision is often priced in the market so it tends to be overshadowed by the ECB Press Conference held 45 minutes later. Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future. Update: Based […]

Australia RBA Minutes 10/19/09

Definition: It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. Update: This trade was based on market context, we were able to make 20 pips of profit.

Australia Retail Sales m/m 08/03/09

9:30pm (NY Time) AU Retail Sales m/m Forecast 0.5% Previous 1.0% ACTION: AUD/USD BUY 1.1% SELL -0.1% DEFINITION Measures the value of sales at the retail level. A rising trend has a positive effect on the nation’s currency because Retail Sales make up a large portion of consumer spending, which is a major driver of […]

UK BOE MPC Meeting Minutes 09/23/09

4:30am UK MPC Meeting Minutes      Forecast 0-0-9   Previous 0-0-9 ACTION: GBP/USD      Depending on Market Reaction MPC or Bank of England (BOE) Monetary Policy Committe will be issuing their meeting minutes over the Rate Decision meeting held two weeks ago along with the actual vote count over various issues discussed.  Last rate decision MPC decided to leave everything unchanged, including […]

NZ GDP q/q (Gross Domestic Product) 09/22/09

6:45pm (NY Time) NZ GDP q/q   Forecast -0.2%  Previous -1.0% ACTION: NZD/USD         BUY 0.1%            SELL -0.5% GDP is a high impact news… The expected consensus number is -0.2%, therefore if we get a 0.3% of deviation, we should see market move 40 pips within the hour.  NZD has been benefitting from the recent risk appetite […]

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