NEWS TRADING
Thursday October 15, 2009
[8:30am NY Time]
US Core CPI Sales BUY 0.3% SELL -0.1% USD/JPY
We are going to look for a surprise factor of 0.2%; if the CPI
number (core) increases to a release at 0.3% then we will BUY of
USD/JPY. If the CPI number decreases to -0.1% or less, we'll SELL
USD/JPY. Historically even at a difference of 0.1%, market is
likely to to exaggerate, therefore if either of our tradable
releases is hit, there is about 80% of chance market will move 50
pips.
Since US CPI is considered as global news event, an unexpected
higher release will probably be considered as risk appetite whereas
an unexpected lower release will probably be considered as risk
aversion. Although I will use the USD/JPY pair a the gauge for risk
sentiment, I might look to EUR/JPY to execute my trade. With recent
market risk appetite sentiment, the best course of action on a
slightly negative release is probably wait for the market to drop,
then take a reversal, that way you will be going with the trend at a
much better position.
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 a sample of sales outlets in
a sample of locations for a sample of times and estimates of the
shares of the different expenditures in the total covered by the
index which are usually based upon expenditure data obtained for
sampled periods from a sample of households wikipedia)." It is also
known as the "True Cost of Living".
Thursday, October 15, 2009
Wednesday, October 14, 2009
FOREX NEWS SIGNAL
NEWS TRADING
Wednesday October 14, 2009
[8:30am NY Time]
US Core Retail Sales BUY 1.0% SELL -0.3% USD/JPY
We have both retail sales (healine and core, also know as ex auto)
coming out at 8:30am, It is important to make sure there is no
conflict with the numbers between the them in order for us to get
into a trade. Usually the Core release is more accurate reflection
of the activities at the retail level because it excludes the
volatile Automotive components, which could be influenced by the
recent governmental incentives, or just seasonal factors; therefore
the headline Retail Sales should be different from the Core reading,
and hopefully in the same direction. As the Headline number is
expected at -2.0% (E), with a previous release of 2.7%. Our focus
will be not so much to vast difference of the estimated releases of
these numbers, but the deviation from their respective estimate to
the actual release figures.
As we could probably expect the market to react based on risk
sentiment, therefore I may have to focus on other pairs such as the
EUR/JPY or GBP/JPY for best results, using USD/JPY as a gauge.
(USD/JPY up for risk appetite and USD/JPU down for risk aversion)
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 this
volatile component is thought to be a better indicator of the
underlying trend in consumer spending."
[5:45pm NY Time]
NZ CPI q/q BUY 1.1% SELL 0.5% NZD/USD
Our focus will be on the headline CPI number. If we get a better
than expected number of 0.8% by 0.3%, we should be looking to BUY
NZD/USD; if we get a lower than 0.5%, then we'll see NZD/USD move
down.
With recent RBA (Reserve Bank of Australia) unexpected rate hike,
RBNZ (Reserve Bank of New Zealand) is widely expected to hike
interest rates next, as both economies are closely correlated. As
this release will undoubtedly push that speculation to a new level
since it would give RBNZ Governor Bollard justification to hike
rates. However, if the 3rd quarter CPI turned out to be less than
expectation, we could see a possible switch of sentiment on RBNZ
hiking rates in the next few meetings, thus add more downward
pressure to the NZD than this release would normally do. In other
words, expect a more exggerated response from the market... and to top
it off, this release is scheduled at the unholy hours of U.S.
evening prior to NIKKEI open, therefore expect to see low liquidity
along with this release.
DEFINITION:
"The Consumer Price Index (CPI) measures the rate of inflation
(i.e., the rate of price changes) experienced by consumers when
purchasing goods and services. A rising trend has a positive effect
on the nation's currency. The primary objective of the central bank
is to achieve price stability; when inflation rises above an
annualized rate of approximately 2%, they will respond by raising
interest rates to bring prices down. Higher interest rates attract
foreign investment, thus increasing demand for the nation's
currency. CPI is one of the most closely watched indicators and will
usually have a high impact upon release."
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Wednesday October 14, 2009
[8:30am NY Time]
US Core Retail Sales BUY 1.0% SELL -0.3% USD/JPY
We have both retail sales (healine and core, also know as ex auto)
coming out at 8:30am, It is important to make sure there is no
conflict with the numbers between the them in order for us to get
into a trade. Usually the Core release is more accurate reflection
of the activities at the retail level because it excludes the
volatile Automotive components, which could be influenced by the
recent governmental incentives, or just seasonal factors; therefore
the headline Retail Sales should be different from the Core reading,
and hopefully in the same direction. As the Headline number is
expected at -2.0% (E), with a previous release of 2.7%. Our focus
will be not so much to vast difference of the estimated releases of
these numbers, but the deviation from their respective estimate to
the actual release figures.
As we could probably expect the market to react based on risk
sentiment, therefore I may have to focus on other pairs such as the
EUR/JPY or GBP/JPY for best results, using USD/JPY as a gauge.
(USD/JPY up for risk appetite and USD/JPU down for risk aversion)
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 this
volatile component is thought to be a better indicator of the
underlying trend in consumer spending."
[5:45pm NY Time]
NZ CPI q/q BUY 1.1% SELL 0.5% NZD/USD
Our focus will be on the headline CPI number. If we get a better
than expected number of 0.8% by 0.3%, we should be looking to BUY
NZD/USD; if we get a lower than 0.5%, then we'll see NZD/USD move
down.
With recent RBA (Reserve Bank of Australia) unexpected rate hike,
RBNZ (Reserve Bank of New Zealand) is widely expected to hike
interest rates next, as both economies are closely correlated. As
this release will undoubtedly push that speculation to a new level
since it would give RBNZ Governor Bollard justification to hike
rates. However, if the 3rd quarter CPI turned out to be less than
expectation, we could see a possible switch of sentiment on RBNZ
hiking rates in the next few meetings, thus add more downward
pressure to the NZD than this release would normally do. In other
words, expect a more exggerated response from the market... and to top
it off, this release is scheduled at the unholy hours of U.S.
evening prior to NIKKEI open, therefore expect to see low liquidity
along with this release.
DEFINITION:
"The Consumer Price Index (CPI) measures the rate of inflation
(i.e., the rate of price changes) experienced by consumers when
purchasing goods and services. A rising trend has a positive effect
on the nation's currency. The primary objective of the central bank
is to achieve price stability; when inflation rises above an
annualized rate of approximately 2%, they will respond by raising
interest rates to bring prices down. Higher interest rates attract
foreign investment, thus increasing demand for the nation's
currency. CPI is one of the most closely watched indicators and will
usually have a high impact upon release."
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Thursday, October 8, 2009
FOREX NEWs SIGNAL OCTOBER 2009
NEWS TRADING
Thursday October 8, 2009
[7:00am NY Time]
UK BOE Rate Decision N/A
BOE's MPC is scheduled to release interest rate decision today, and
it's expected that Bank of England will keep the current rate at
0.50% (again). If you remember last rate decision, BOE kept both
interest rate and APF unchanged, which turned out to be a bullish
signal for the sterling.
One interesting observation is the MPC meeting minutes of the last
rate decision meeting, which came out at an unanimous vote count of
keeping both rate and APF unchanged. Seems like the dissenters have
decided on a wait and see policy. This is of course, a rather
bullish signal for the Sterling.
Today's rate decision will once again hinged upon the APF program.
If BOE were to increase it once again, it would surprise the market
and we could see immediate Sterling weakness. However, on an
unchanged verdict, market may not necessarily take that as a
positive sign. Therefore, regardless of the rate decision, we could
see some weakness in the Sterling prior to the release.
As usual, I'll be trading this news live and post the results back
here. If everything is as expected, we could see very little market
reaction, and therefore it could be a no trade.
[7:45am NY Time]
ECB Rate Decision N/A
ECB (European Central Bank) will most likely leave rates at an
unchanged level of 1.00% once again. It is almost impossible for
ECB to surprise the market at this point and cut or hike current
rate by 0.25%. Numerous of ECB officials, including chairman
Trichet, stated recently that the current rate is appropriate, the
expectation for ECB rates among analysts is pretty much neutral.
Furthermore ECB is still concerned over the imbalanced economic
recovery over its member countries, therefore there would be no
justification for a rate hike, even though RBA surprised the market
by hiking rates, ECB is not likely to follow suit.
And of course, based on past track records, ECB is not in the habit
of surprising the market, therefore not much market reactions
usually follow this release.
The important event will be the press conference at 8:30am, or 45
minutes after this release. ECB Chairman Trichet will deliver a
written statement and then host a lengthy Q&A session. Market is
more likely to be extreme volatile during the press conference than
the actual rate decision, as Trichet sometimes may drop hints on
future ECB monetary policy direction; therefore, I'd pretty much
skip this news and just pay attention to the press conference itself
as usual.
[8:30am NY Time]
Trichet Press Conference
Trichet will once again deliver a statement along with a Long and
boring Q&A session afterwards. This press conference is usually
very volatile and the market is always listening to Trichet's tone
for future ECB policies. If Trichet is hawkish, then we will see
EURO gain, if Trichet is dovish, then we will see EURO lose against
all other currencies.
Fair Warning: If you have never traded this release, it is better to
stay out of the market. Wait until around 9:30am~10:00am NY Equity
open, then follow the trend. If Trichet is hawkish or being
optimistic, then EUR/USD will gain throughout the session and may
even carry over to Friday. Therefore there are plenty of
opportunities to trade after the market has already established
itself.
This Press Conference is usually done in 2 parts, the first part is
a written statement which various newswire services will release
headlines immediately at 8:30am, then Trichet will read through the
statement; 2nd part of the press conference is a Question and Answer
session where Trichet will take questions live from onsite media
members. This part is highly unpredictable as Trichet may hint the
market and drive prices intentionally. As I once heard from someone
who knows Trichet personally, that there is never a slip-of-tongue
with Trichet, he does everything intentionally.
However, Trichet is pretty good in maintaining a neutral stance, but
sometimes market may read too much into his statements and move
excessively... so once again, if you have not traded this release
before, best to stay out.
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Thursday October 8, 2009
[7:00am NY Time]
UK BOE Rate Decision N/A
BOE's MPC is scheduled to release interest rate decision today, and
it's expected that Bank of England will keep the current rate at
0.50% (again). If you remember last rate decision, BOE kept both
interest rate and APF unchanged, which turned out to be a bullish
signal for the sterling.
One interesting observation is the MPC meeting minutes of the last
rate decision meeting, which came out at an unanimous vote count of
keeping both rate and APF unchanged. Seems like the dissenters have
decided on a wait and see policy. This is of course, a rather
bullish signal for the Sterling.
Today's rate decision will once again hinged upon the APF program.
If BOE were to increase it once again, it would surprise the market
and we could see immediate Sterling weakness. However, on an
unchanged verdict, market may not necessarily take that as a
positive sign. Therefore, regardless of the rate decision, we could
see some weakness in the Sterling prior to the release.
As usual, I'll be trading this news live and post the results back
here. If everything is as expected, we could see very little market
reaction, and therefore it could be a no trade.
[7:45am NY Time]
ECB Rate Decision N/A
ECB (European Central Bank) will most likely leave rates at an
unchanged level of 1.00% once again. It is almost impossible for
ECB to surprise the market at this point and cut or hike current
rate by 0.25%. Numerous of ECB officials, including chairman
Trichet, stated recently that the current rate is appropriate, the
expectation for ECB rates among analysts is pretty much neutral.
Furthermore ECB is still concerned over the imbalanced economic
recovery over its member countries, therefore there would be no
justification for a rate hike, even though RBA surprised the market
by hiking rates, ECB is not likely to follow suit.
And of course, based on past track records, ECB is not in the habit
of surprising the market, therefore not much market reactions
usually follow this release.
The important event will be the press conference at 8:30am, or 45
minutes after this release. ECB Chairman Trichet will deliver a
written statement and then host a lengthy Q&A session. Market is
more likely to be extreme volatile during the press conference than
the actual rate decision, as Trichet sometimes may drop hints on
future ECB monetary policy direction; therefore, I'd pretty much
skip this news and just pay attention to the press conference itself
as usual.
[8:30am NY Time]
Trichet Press Conference
Trichet will once again deliver a statement along with a Long and
boring Q&A session afterwards. This press conference is usually
very volatile and the market is always listening to Trichet's tone
for future ECB policies. If Trichet is hawkish, then we will see
EURO gain, if Trichet is dovish, then we will see EURO lose against
all other currencies.
Fair Warning: If you have never traded this release, it is better to
stay out of the market. Wait until around 9:30am~10:00am NY Equity
open, then follow the trend. If Trichet is hawkish or being
optimistic, then EUR/USD will gain throughout the session and may
even carry over to Friday. Therefore there are plenty of
opportunities to trade after the market has already established
itself.
This Press Conference is usually done in 2 parts, the first part is
a written statement which various newswire services will release
headlines immediately at 8:30am, then Trichet will read through the
statement; 2nd part of the press conference is a Question and Answer
session where Trichet will take questions live from onsite media
members. This part is highly unpredictable as Trichet may hint the
market and drive prices intentionally. As I once heard from someone
who knows Trichet personally, that there is never a slip-of-tongue
with Trichet, he does everything intentionally.
However, Trichet is pretty good in maintaining a neutral stance, but
sometimes market may read too much into his statements and move
excessively... so once again, if you have not traded this release
before, best to stay out.
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Wednesday, October 7, 2009
forex news trading signals
NEWS SIGNAL
Wednesday October 7, 2009
[8:30pm NY Time]
AU Employment Changes BUY 15K SELL -33K AUD/USD
This news release is similar to US NFP, but for Australia. It is as
a high impact report as the job's market have a direct influence
over the health of the economy. If the actual release is better, it
would be good for AUD and we would BUY AUD/USD, if the actual
release is worse, it would be bad for AUD and we would SELL AUD/USD.
The safe deviation that we are looking for is at least of 23K.
Historically a 23K of deviation has produced about 40 pips of
movement in the direction of the deviation about 75% of the time,
which is enough for making an educated prediction.
One other important news to pay attention to is the Unemployment
Rate, which is expected at 6.0%. If we do not get a conflict with
the Employment Changes, then we will proceed with the plan.
DEFINITION
"Measures the change in number of employed people during the
previous month. A rising trend has a positive effect on the nation's
currency. Job creation is an important indicator of economic health
because consumer spending, which is highly correlated with labor
conditions, makes up a large portion of GDP."
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Wednesday October 7, 2009
[8:30pm NY Time]
AU Employment Changes BUY 15K SELL -33K AUD/USD
This news release is similar to US NFP, but for Australia. It is as
a high impact report as the job's market have a direct influence
over the health of the economy. If the actual release is better, it
would be good for AUD and we would BUY AUD/USD, if the actual
release is worse, it would be bad for AUD and we would SELL AUD/USD.
The safe deviation that we are looking for is at least of 23K.
Historically a 23K of deviation has produced about 40 pips of
movement in the direction of the deviation about 75% of the time,
which is enough for making an educated prediction.
One other important news to pay attention to is the Unemployment
Rate, which is expected at 6.0%. If we do not get a conflict with
the Employment Changes, then we will proceed with the plan.
DEFINITION
"Measures the change in number of employed people during the
previous month. A rising trend has a positive effect on the nation's
currency. Job creation is an important indicator of economic health
because consumer spending, which is highly correlated with labor
conditions, makes up a large portion of GDP."
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Tuesday, July 7, 2009
NEWS TRADING
Tuesday July 7, 2009
[12:30am NY Time]
RBA Rate Decision SELL 2.25% AUD/USD
RBA (Reserve Bank of Australia) is expected to leave current rates
unchanged at 3.00%. There is very little chance for a surprise rate
cut as Australia along with most other major economies are currently in
a hold pattern... However, with the sentiment of the market turning
from risk appetite rally to risk aversion flight to safety, we do have
a possibility of seeing a surprise rate cut by RBA.
Therefore, in the off chance that RBA cuts rate by at least 0.25%,
we'll SELL AUD/USD immediately and hold on to the trade for at least 50
to 100 pips of profit...
If RBA keeps rate unchanged, we may still see volatility from the
accompanied statement, but we'll not trade because these statements
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[10:00am NY Time]
CA IVEY PMI SELL 53.4.0 BUY 47.4 USD/CAD
If the release comes out better than 53.0 then it would be good for
Canadian Dollar, so we'll SELL USD/CAD. If the release comes out
worse than 47.0, then it would be bad for CAD, and we'll BUY
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Tuesday July 7, 2009
[12:30am NY Time]
RBA Rate Decision SELL 2.25% AUD/USD
RBA (Reserve Bank of Australia) is expected to leave current rates
unchanged at 3.00%. There is very little chance for a surprise rate
cut as Australia along with most other major economies are currently in
a hold pattern... However, with the sentiment of the market turning
from risk appetite rally to risk aversion flight to safety, we do have
a possibility of seeing a surprise rate cut by RBA.
Therefore, in the off chance that RBA cuts rate by at least 0.25%,
we'll SELL AUD/USD immediately and hold on to the trade for at least 50
to 100 pips of profit...
If RBA keeps rate unchanged, we may still see volatility from the
accompanied statement, but we'll not trade because these statements
require interpretation on the fly.Get a forex robot that doubles your account every single month.click or copy and paste this link http://3c58e7yfr9bqxy13bg5m04-vaw.hop.clickbank.net/
[10:00am NY Time]
CA IVEY PMI SELL 53.4.0 BUY 47.4 USD/CAD
If the release comes out better than 53.0 then it would be good for
Canadian Dollar, so we'll SELL USD/CAD. If the release comes out
worse than 47.0, then it would be bad for CAD, and we'll BUY
USD/CAD. Get a forex robot that doubles your account every single month.click or copy and paste this link http://3c58e7yfr9bqxy13bg5m04-vaw.hop.clickbank.net/
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Monday, July 6, 2009
DISCOVER 2 FOREX TRADING STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER
DISCOVER 2 FOREX TRADING STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER.
I want to use this write up to help you understand the very currencies and times as well as time frame you can apply the breakout strategy. Make yourself comfortable and do your best to apply this invaluable lesson.
How to approach news breakout: this occurs upon the release of major economic announcements and can sometimes trigger moves of over 70 pips within few minutes.
When a major fundamental announcement is to be released, few minutes to this time we see the market moving in a very choppy sideways or counter trend. During this time, breakout traders who straddle the news position themselves well ahead of the said news event to take advantage of the initial price spike. Note that not all news event support this strategy. Using this strategy, you ay only need to be in the market for about 5minutes and you are out with profit or a little loss.
You use this strategy by first of all knowing the time of the news release using the economic calendars then find out if the news event supports this strategy. Having done the above, you then go to your platform 5 or 3 minutes before the news event and set up your orders.
The news event that supports this strategy are interest rate statements from US –EUR/USD, GBP/USD and USD/JPY. EUROPE- EUR/USD, EUR/GBP, EUR/JPY. And EUR/USD. UNITED KINGDOM-GBP/USD, EUR/GBP, GBP/JPY, NEWZEALAND AND CANADA. Other news events that supports this strategy are non-farm payroll from US , unemployment rate and employment change from Canada and Australia, German Zew economic sentiment, BOE MPC meeting minutes e.t.c.. the minimum each of this news events can generate is 30pips within 10 minutes so do not be greedy with profits. If you take only 20pips per event on a standard account, with just 10 events per week that will give you $2000 per week. Also try factoring in risk.
Technical breakout; this kind of breakout occurs without any news event in sight. It can happen during the opening hours or close of the market. Before the opening of certain currency pairs and market sessions, the market is usually in a very choppy mood and quiet too. During this time the big moves are being planned and you should learn to move along with them. Quite often the market would have determined the direction it wants to Get a forex robot that doubles your account every single month. click or copy and paste this link
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move before it becomes quiet attempting to determine where to breakout.
Send a blank mail to wealthklub@yahoo.com to get a free report on a trading system that generates an average of 500pips monthly plus how $5100 was turned to $40,000 without lifting a finger.
I want to use this write up to help you understand the very currencies and times as well as time frame you can apply the breakout strategy. Make yourself comfortable and do your best to apply this invaluable lesson.
How to approach news breakout: this occurs upon the release of major economic announcements and can sometimes trigger moves of over 70 pips within few minutes.
When a major fundamental announcement is to be released, few minutes to this time we see the market moving in a very choppy sideways or counter trend. During this time, breakout traders who straddle the news position themselves well ahead of the said news event to take advantage of the initial price spike. Note that not all news event support this strategy. Using this strategy, you ay only need to be in the market for about 5minutes and you are out with profit or a little loss.
You use this strategy by first of all knowing the time of the news release using the economic calendars then find out if the news event supports this strategy. Having done the above, you then go to your platform 5 or 3 minutes before the news event and set up your orders.
The news event that supports this strategy are interest rate statements from US –EUR/USD, GBP/USD and USD/JPY. EUROPE- EUR/USD, EUR/GBP, EUR/JPY. And EUR/USD. UNITED KINGDOM-GBP/USD, EUR/GBP, GBP/JPY, NEWZEALAND AND CANADA. Other news events that supports this strategy are non-farm payroll from US , unemployment rate and employment change from Canada and Australia, German Zew economic sentiment, BOE MPC meeting minutes e.t.c.. the minimum each of this news events can generate is 30pips within 10 minutes so do not be greedy with profits. If you take only 20pips per event on a standard account, with just 10 events per week that will give you $2000 per week. Also try factoring in risk.
Technical breakout; this kind of breakout occurs without any news event in sight. It can happen during the opening hours or close of the market. Before the opening of certain currency pairs and market sessions, the market is usually in a very choppy mood and quiet too. During this time the big moves are being planned and you should learn to move along with them. Quite often the market would have determined the direction it wants to Get a forex robot that doubles your account every single month. click or copy and paste this link
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move before it becomes quiet attempting to determine where to breakout.
Send a blank mail to wealthklub@yahoo.com to get a free report on a trading system that generates an average of 500pips monthly plus how $5100 was turned to $40,000 without lifting a finger.
13 FOREX TRADING SECRETS THAT GENERATED 992 PIPS NET PROFIT IN 15 TRADING DAYS
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There is no hype in this headline. This is the absolute truth. The following 13 secrets generated 992 pips net profits for me in 15 trading days.
1 do not over expose your account .maintain an account exposure of between 10% and 30%.
2 Always trust god to find and join the trend early. Always learn to test the strength of the trend with the ADX.
3 Understand your best entry and exit points using pivot points and/or fibonnacci retracements
4 Understand the key japanese candlesticks Reversal patterns.
5 Know when the market is down or when the trend is weak and trade accordingly or stay away.
6 Only use take profit according to predetermined market potential.
7 Buy in oversold markets: stochastic oscilliator and RSI can be used in determining this
8 sell in overbought market: stochastic oscilliator and RSI can be used in determining this.
9 Never entertain fear even when the market moves against you. If you have a good trading system., it will surely come back in your favour.
10 Do not be greedy: Show contentment in all things and this demon will be far from you.
11 Do not over trade: Learn to draw a line between over trading and fear.
12 Always pray before making a trading decision: There is always a guiding light from god if only you will trust him.
!3 Rely on the holy spirit for guidance. He is very dependable and will never leave you forsake you if you surrender the battle to him.
Get a forex robot that doubles your account every single month. click or copy and paste this link
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Send a blank e mail to wealthklub@yahoo.com to Get a free report on a powerful forex trading system that generates an average of 500 pips($5000 on a standard account) monthly plus how $5100 was turned to $40,000 without lifting a finger
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