AU RBA Rate Spike Trade 10/02/12 (40+ pips)

Update: RBA surprised the market by cutting rates by 0.25%, we entered on a sell AUD/NZD immediately after the release at around 1.2459 level. Few minutes later, Henry closed half of the position at 1.2443 and moved SL to to the entry price. AUD/NZD eventually dropped further below our TP level at 1.2420, yielding a […]

Chapter 6 – Fundamental News 101 (Part II)

NEWS – INFRASTRUCTURE Let’s talk about news releases that are related to the infrastructure of the entire economy. These news releases, at the time of writing this e-book (Aug. 2008), are not “hot”. They are pretty much ignored, but as I pointed out before, fundamental news releases are cyclical. They will be back soon enough […]

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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 Definition: 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 […]

UK CPI y/y 08/18/09

4:30am (NY Time) UK CPI y/y Forecast 1.5% Previous 1.8% ACTION: GBP/USD BUY 1.7% SELL 1.3% Definition: CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from […]

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 […]

UK CPI y/y 08/18/09

4:30am (NY Time) UK CPI y/y    Forecast 1.5%    Previous 1.8% ACTION:  GBP/USD     BUY 1.7%    SELL 1.3% CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from a […]

UK BOE Inflation Report 08/12/09

5:30am (NY Time) BOE Inflation Report   N/A ACTION: GBP/USD or GBP/JPY      BUY Hawkish     SELL Dovish This is a quarterly report from BOE on projections of inflation and the economy for the next 2 years.  It is a very high impact report and it could affect the short-term to mid-term trend of Sterling. If BOE is […]

UK Prelim GDP q/q 07/24/09

4:30am (NY Time) UK GDP q/q       Forecast -0.3%    Previous -2.4% ACTION: (GBP/USD)                               BUY 0.1%                 SELL -0.5% 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 […]

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