US Fed Chairman Bernanke Testimony 07/21/09

Definition: The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed’s website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy […]

US ISM Non-Manufacturing PMI 09/03/09

10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 48.3 Previous 46.4 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 […]

US Non-Farm Payroll (NFP) Employment Changes 11/06/09

8:30am (NY Time) US NonFarm Payroll Forecast -173K Previous -263K ACTION: USD/JPY BUY -100K SELL -250K DEFINITION “Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation´s currency. Job creation is an important indicator of economic health because consumer […]

US ISM Manufacturing PMI 10/01/09

10:00am (NY Time) US ISM Manufacturing PMI Forecast 53.9 Previous 52.9 Definition “The Institute of Supply Management (ISM) Manufacturing Index measures the activity level of purchasing managers in the manufacturing 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 […]

US ISM Non-Manufacturing PMI 10/05/09

10:00am (NY Time) US ISM Non-Manufacturing PMI Forecast 50.0 Previous 48.4 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 […]

US ISM Non-Manufacturing PMI 12/03/09

10:00am NY Time US ISM Non-Manufacturing PMI Forecast 51.6 Previous 50.6 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 […]

US Core Retail Sales m/m 08/13/09

8:30am (NY Time) US Core Retail Sales Forecast 0.2% Previous 0.3% 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 […]

Canada Core Retail Sales 07/22/09

8:30am CAD Core Retail Sales Forecast 0.4% Previous -0.5% Definition My focus will be on Retail Sales Core, which is a measurement of the activities at the retail level of the nation, excluding volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A higher Retail sales number means better economy, […]

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 […]

BOC Monetary Policy Report 07/23/09

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 positive trade based on market context method.

CAD Ivey PMI – 07/07/09

10:00am (NY Time) CA IVEY PMI Forecast 50.4 Previous 48.4 DEFINITION The Ivey Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers from all sectors of the economy, 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 are […]

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.

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