(JP) Reports circulated that the BOJ would likely hold off on buying longer maturity bonds at this week policy meeting but could increase the size of its asset purchase fund. BOJ policy would not be dictated by market expectations. What does this mean? It means that market is likely to sell off on the JPY […]
US New Home Sales usually follows the trend of Existing Home Sales, therefore we´re likely to see an inline release today. Here is the forecast: 10:00am NY Time New Home Sales Forecast 320 Previous 313K ACTION: 390 BUY USDJPY/ 250 SELL USDJPY The Trade Plan We´ll trade this release using a deviation of 70K; if the […]
US Existing Home Sales is expected to rise slightly from the previous month as current foreclosure rate is still remaining resiliently high. Here’s the forecast: 10:00am Existing Home Sales Forecast 4.62M Previous 4.59M ACTION: USDJPY BUY 5.00M / GBPUSD BUY 4.20M The Trade Plan Because the Housing sector is one of the most foundamental components […]
ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it´s own estimate for the private sectors of NFP (Nonfarm Payroll). This is a high impact release and it´s followed by currency traders as they look for hints on Friday´s NFP official release. Here´s the forecast: 8:15am NY Time US ADP NFP Change Forecast 205K Previous 216K […]
US New Home Sales usually follows the trend of Existing Home Sales, therefore we´re likely to see an inline release today. Here is the forecast: 10:00am NY Time New Home Sales Forecast 325 Previous 321K ACTION: 400 BUY USDJPY/ 250 SELL USDJPY The Trade Plan We´ll trade this release using a deviation of 70K; if the […]
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Former Finance Minister Noda is now the new PM of Japan. He will be voted in tomorrow, and that would be good for USDJPY as Noda is known to criticize recent Yen strength.
Japan’s ruling party rejected the candidate for prime mini…
We’ve got 6 tradable news releases scheduled for the week and 3 of them are from UK. Therefore, we should have plenty of opportunities to trade GBP this week… It is also advised to stay away from any long or medium term trading involving the Sterling this week because of the possibility of reversal due to […]
In this video we are going to talk about “PIP”… A “pip” is the smallest measurement for a currency rate, and it is usually the 4th decimal for all major pairs except for JPY, which uses the 2nd decimal… For example, if the exchange rate for USDCAD moved from 0.9800 to 0.9802, it means that […]
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This is the primary reason for yesterday’s heavy drop in USDJPY pair… is Obama responsible for spooking the market?
The U.S. nuclear-power industry is questioning the “scientific basis” of the Obama administration’s decision to eva…