Update: RBA surprised the market by cutting rates by 0.25%, we entered on a sell AUD/NZD immediately after the release at around 1.2459 level. Few minutes later, Henry closed half of the position at 1.2443 and moved SL to to the entry price. AUD/NZD eventually dropped further below our TP level at 1.2420, yielding a […]
New Zealand GDP q/q Spike Trade 09/19/12 (+35 pips)
September 22, 2012 by Leave a Comment
6:45pm (NY Time) NZ GDP q/q Forecast 0.4% Previous 1.1% ACTION: NZD/USD BUY 0.7% SELL 0.1% 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 […]
UK Prelim GDP q/q 07/25/12 Spike Trade (+10~20 pips)
July 26, 2012 by Leave a Comment
4:30am (NY Time) UK GDP q/q Forecast -0.2% Previous -0.3% Definition Our focus will be on the GDP, is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of […]
Forex Analysis For UK Services PMI 04/04/12
April 3, 2012 by Leave a Comment
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: 4:28am (NY Time) UK Services PMI Forecast 53.5 Previous 53.8 ACTION: GBP/USD BUY 56.0 SELL 50.0 The Services PMI is tradable with […]
Forex News Trading UK Services PMI 03/05/12
March 4, 2012 by Leave a Comment
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: 4:28am (NY Time) UK Services PMI Forecast 55.0 Previous 56.0 ACTION: GBP/USD BUY 57.5 SELL 52.0 The Services PMI is tradable with […]
UK Retail Sales News Trade 02/17/12 (+12 pips)
February 25, 2012 by Leave a Comment
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 Services PMI News Trade 02/03/12 (+20 pips)
February 3, 2012 by Leave a Comment
4:28am (NY Time) UK Service PMI Forecast 53.5 Previous 54.0 ACTION: GBP/USD BUY 56.5 BUY 51.0 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 […]
Forex News Trading UK GDP q/q 01/25/12
January 24, 2012 by Leave a Comment
UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number: 4:30am (NY Time) UK Revised GDP q/q Forecast -0.1% Previous 0.6% ACTION: GBP/USD BUY 0.2% SELL -0.4% The Trade Plan […]
Forex News Trading UK Services PMI 01/05/12
January 4, 2012 by Leave a Comment
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: 4:28am (NY Time) UK Services PMI Forecast 51.5 Previous 52.1 ACTION: GBP/USD BUY 54.0 SELL 49.0 The Services PMI is tradable with […]
Forex News Trading UK Revised GDP q/q 11/24/11
November 23, 2011 by 4 Comments
UK quarterly GDP release is always a high impact report. However, with this being the Revised release, or the second release of three, we are likely to see less market volatility. Here is the forecast number: 4:30am (NY Time) UK Revised GDP q/q Forecast 0.5% Previous 0.5% ACTION: GBP/USD BUY 0.7% SELL 0.3% The Trade Plan Our […]
Forex Trading Plan For UK Services PMI 11/03/11
November 2, 2011 by Leave a Comment
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: 5:30am (NY Time) UK Services PMI Forecast 52.0 Previous 52.9 ACTION: GBP/USD BUY 54.5 SELL 49.5 The Services PMI is tradable with […]
Forex News Trading Strategy For UK Prelim GDP q/q 11/01/11
October 31, 2011 by Leave a Comment
UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number: 5:30am (NY Time) UK Revised GDP q/q Forecast 0.4% Previous 0.1% ACTION: GBP/USD BUY 0.7% SELL 0.1% The Trade Plan […]
