UK Retail Sales m/m 10/20/11 (+35 pips)

DEFINITION The UK Retail Sales is a direct measurement of consumer activities at the retail levels. A higher release is good for the economy, thus better for its currency; a lower release is considered as negative for the economy and not good for its currency. Retail Sales makes up a substantial part of the GDP, […]

UK BOE Rate Decision and APF Spike Trade 10/06/11

UPDATE With Wednesday’s Final GDP figure at 0.1%, pressures are on for BOE to do “something”; and in fact BOE raised raised their APF (Asset Purchase Facility) to 275B from the expected 200B. The GBP/USD dropped immediately and Henry jumped in on the spike at around 1.5370 and closed the trade with 70 pips of […]

Forex Analysis For UK Services PMI 10/05/11

We´ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released early this week, here´s the forecast: 4:30am (NY Time) UK Services PMI Forecast 50.5 Previous 51.1 ACTION: GBP/USD BUY 53.0 SELL 49.0 The Services PMI is tradable with […]

Forex News Trading Plan For AU RBA Interest Rate 10/03/11

RBA (Reserve Bank of Australia) is expected to keep borrowing costs unchanged at 4.75%, as per the wide market consensus… Here´s the forecast for this news release: 11:30pm (NY Time) AU RBA Rate Decision Forecast 4.75% Previous 4.75% ACTION: AUD/USD BUY 5.00% / SELL 4.50% The Trade Plan If RBA hikes rates, we should jump […]

CAD Ivey PMI Spike Trade – 09/07/11

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 surveyed on a number of subjects including employment, production, new […]

New Zealand Retail Sales m/m 10/12/09

5:45pm (NY Time) NZ Retail Sales Forecast 0.6% Previous -0.5% ACTION: NZD/USD BUY 1.2% 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 the […]

Australia RBA Cash Rate Decision 10/05/09

11:30pm (NY Time) AU RBA Rate Decision Forecast 3.00% Previous 3.00% ACTION: AUD/USD N/A 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 spike trading method, we […]

Australia Retail Sales m/m 09/08/09

9:30pm (NY Time) AU Retail Sales m/m Forecast 0.6% Previous -1.4% ACTION: AUD/USD BUY 1.2% 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 […]

Forex News Analysis AU RBA Interest Rate 07/05/11

RBA (Reserve Bank of Australia) is expected to keep borrowing costs unchanged at 4.75%, as per the wide market consensus… Here´s the forecast for this news release: 12:30am (NY Time) AU RBA Rate Decision Forecast 4.75% Previous 4.75% ACTION: AUD/USD BUY 5.00% The Trade Plan If RBA hikes rates, we should jump in (spike trade) […]

Forex Trading Plan & Video For BOC Overnight Rate Decision 07/20/10

Bank of Canada (BOC) will once again meet for their Overnight Rate (Interest Rate) and the decision will be announced today at 9:00am sharp. Along with the rate decision, BOC Carney will also announce a Rate Statement to further explain today’s decision. Here’s what analysts are expecting: 9:00am (NY Time) CA BOC Rate Forecast 0.75% […]

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