US Core Retail Sales m/m 07/16/12 (+31 pips)

8:30am (NY Time) US Core Retail Sales Forecast 0.1% Previous -0.4% 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 […]

GBP/JPY Retracement Market Cycle Trade 05/29/09

Update: Market cycle and retracement method, we were able to make 30 pips of profit.

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 […]

GBP/JPY Capitulation Trade 07/08/09

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

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 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 […]

UK Services PMI m/m 08/05/09

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

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 […]

UK Manufacturing PMI 09/01/09

4:30am (NY Time) UK Manufacturing PMI Forecast 51.5 Previous 50.8 ACTION: GBP/USD BUY 53.5 SELL 49.0 Definition: UK 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 […]

US New Home Sales 06/24/09

Time: 10:00am NY Times Actual: 342K Forecast: 360K Previous: 344K Definition: Annualized number of new single-family homes that were sold during the previous month; While this is monthly data, it’s reported in an annualized format (monthly figure x12). Tends to have more impact when it’s released ahead of Existing Home Sales because the reports are […]

US Advanced GDP q/q 07/31/09

8:30am (NY Time) US ADV GDP q/q Forecast -1.4% Previous -5.5% ACTION: USD/JPY BUY -1.1% SELL -1.7% Definition: It’s the broadest measure of economic activity and the primary gauge of the economy’s health, while this is q/q data, it’s reported in an annualized format (quarterly change x4). There are 3 versions of GDP released a […]

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