Forex Weekly Outlook May 22 ~ 26, 2017

We’ve got just 3 tradable releases scheduled this week, but these 3 releases have the potential of changing the entire market landscape, so my recommendation is to schedule your tradings around it, or at least be aware of them and either move with the trend or stay out of the way! May 24, 2017 10:00am […]

US Prelim GDP q/q | May 26, 2017 | Forex Trading

US Prelim GDP release is the second release for the 1st quarter of 2017, which is expected at a slight improvement from the previous release due to a slowing economy.  If we get a surprise today, we should see plenty of market reactions to this release, and I believe a surprise to the upside has […]

UK Revised GDP q/q | May 25, 2017 | Currency News Plan

UK Revised GDP q/q is a second GDP release for the Q1 of 2017 period, and since it is the second release for the same quarter market is less likely now to be surprised due to more economic data have been available since the first Prelim release. Obviously with the “Brexit” effect on the UK […]

UK Retail Sales | May 18, 2017 | News Trading Plan

UK Retail Sales should be a good release and similarly to the CPI scheduled earlier this week a strong surprise will surely drive the market for at least a couple of hours, depending on the degree of surprise, of course. Considering recent  economic pressure and uncertainty from “Brexit”, especially looking at past 6 Retail Sales […]

AU Employment Change | May 17, 2017 | Currency Trading News

The Australian Employment Change release today will provide some volatility for this Asian trading session, especially considering current Australian economy, a strong surprise in the employment sector could end up pushing the currency for at least a couple of hours. It is also important to look at both Full Time and Part Time employment figures […]

UK CPI y/y | May 16, 2017 | News Trading Plan

UK CPI y/y release could provide a good trading opportunity for the Sterling currency as CPI is probably one of the most watched indicator for UK at this time.  With last week’s BOE rate decision vote count at 1-0-7 and the express fact on raising interest rates sooner if “Brexit” were to move smoothly, a rise […]

OPEC to U.S.: Please stop pumping so much, help us balance market

OPEC has asked a favor of other major producers: Please stop pumping so much and help us balance the market. The unusual plea was issued Thursday in the cartel’s closely-watched monthly report, which found that global markets are still suffering from too much supply. The report said that balancing the market would “require the collective efforts of all oil producers” and should be done “not only for the benefit of the individual countries, but also for the general prosperity of the world economy.”…

UK BOE Interest Rate | May 11, 2017 | Currency News

UK BOE Interest Rate Decision is not likely to surprise the market as traders and BOE officials alike are waiting for more development on the current economy.  With ‘Brexit’ underway, BOE is expected to act if situations were to turn for the worse. 7:00am (NY Time) UK BOE Interest Rate Forecast 0.25% Previous 0.25% 7:00am (NY […]

NZ RBNZ Interest Rates | May 10, 2017 | Currency News

RBNZ Interest Rates decision today is expected remain at the current level of 1.75% as there are practically no forecasts of a change.  In the highly unlikely event of a surprise rate action, we should see plenty of market reaction and opportunity to take a trade… 5:00pm (NY Time) RBNZ Interest Rates Decision Forecast 1.75% […]

AU Retail Sales | May 8, 2017 | Currency Trading News

AU Retail Sales release may not move the market much but since it is the only tradable release for the day, we’ll definitely pay close attention to the release and take a position if we get our tradable deviation… 9:30pm NY Time AU Retail Sales Forecast 0.3% Previous -0.1% DEVIATION: 0.5% (BUY AUD 0.8% / SELL […]

US NFP (Nonfarm Payroll) Employment | May 5, 2017 | Currency News

US NFP is expected to be around 194K, and considering the Fed’s rate tightening actions and the possibility for up to 2 more rate hikes this year, an above trend NFP release is definitely expected, or the market will wonder whether or not the Fed will indeed hike 2 more times. Obviously another important figure […]

CA Employment Change | May 5, 2017 | News Trading

We´ll be getting the Canadian Employment Change release figure along with the US Nonfarm Payroll Report.  Since 95% of the market is paying attention to the NFP, I’d recommend that we do the same.  On an odd chance of having a strong CAD release versus a weak US release (or vice versa), we should see […]

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