Live trade recording of Ben Bernanke’s Jackson Hole speech in WY today (08/26/11). See how I decoded Bernanke’s speech and called a BUY on EURUSD. UPDATE Based on Market Context, we were able to make 80+ Pips. 3rd Party Advertisement
GBP/JPY Capitulation Trade 07/08/09
August 16, 2011 by Leave a Comment
Update: Based on market context, we were able to closed the trade with positive 65 pips in profit.
BOE MPC Meeting Minutes 07/22/09
August 16, 2011 by Leave a Comment
4:30am UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9 ACTION: (GBP/USD) Depending on Market Condition Definition: Bank of England Monetary Policy Committee will issue detailed minutes over the interest rate decision 2 weeks ago, along with vote count and other issues discussed in the meeting. This is usually a very high impact news event as […]
UK Retail Sales m/m 07/23/09
August 16, 2011 by Leave a Comment
4:30am (NY Time) UK Retail Sales Forecast 0.4% Previous -0.6% Definition It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity. Update Retail Sales came out much better than expected at 1.2%, but prior number was revised down from -0.6% to -0.9%. Because of this conflict of releases, market […]
BOE Official Bank Rate Decision 08/06/09
August 16, 2011 by Leave a Comment
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 […]
UK Services PMI m/m 08/05/09
August 16, 2011 by Leave a Comment
4:30am (NY Time) UK Services PMI Forecast 51.9 Previous 51.6 ACTION: GBP/USD BUY 54.00 SELL 49.5 Definition: The Chartered Institute of Purchasing and Supply (CIPS) Services Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. A rising trend has a positive effect […]
UK Manufacturing PMI 08/03/09
August 16, 2011 by Leave a Comment
Definition: Manufacturing PMI is a survey of purchasing managers in the manufacturing sector on various economic activities, including inventory, employment, orders, etc… A higher than 50 reading means expansion, or a less than 50 reading means contraction. If our SELL number is hit, we can expect GBP/USD to move 50 pips within the hour. If […]
BOE Inflation Report 08/12/09
August 16, 2011 by Leave a Comment
Definition It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy and influence their interest rate decisions Update This is a psoitive trade with 35 pips of profit based on market context method.
BOE Official Bank Rate Decision 08/06/09
August 16, 2011 by Leave a Comment
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 Existing Home Sales 06/23/09
August 16, 2011 by Leave a Comment
Time: 10:00am NY Times. Actual: 4.77M Forecast: 4.82M Previous: 4.66M Definition: It’s a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction; Annualized […]
US Core CPI m/m Inflation 07/15/09
August 16, 2011 by Leave a Comment
8:30am NY time Actual: 0.2% Forecast: 0.2% Previous: 0.1% Definition: Change in the price of goods and services purchased by consumers, excluding food and energy. Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The FOMC usually pays the most attention […]
US ISM Non-Manufacturing PMI 08/05/09
August 16, 2011 by Leave a Comment
10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 48.1 Previous 47.0 Definition The Institute of Supply Management (ISM) Non-Manufacturing Index measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation’s currency. To produce the index, purchasing managers […]
