NEWS TRADING Monday November 30, 2009[8:30am NY Time] CA GDP m/m BUY 0.1% SELL 0.7% USD/CAD Today we'll be trading the Canadian GDP month on month release, which is defined (from wikipedia) 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 all final goods and services produced within a country in a given period of time." As GDP is basically the measurement of the "economy" as a whole and it certainly has a strong impact on the cash rate of the CAD, it'll be a highly anticipated news event. We are looking for a +0.7% (or better) or a 0.1% (or worse) of actual release figure based on the expected 0.4%. If we do get a 0.7% on the monthly GDP, it would be Canadian Dollar positive and we should look for entries to SELL USD/CAD; if we get a 0.1% release, then we should consider BUYING USD/CAD. Canadian Dollar has been rangebound lately, largely due to the uncertainty of US Dollar's direction. However, with USD on a clear bearish trend, we could expect to see USD/CAD move downward substantially if the release turns out to be CAD positive. [10:30pm NY Time] RBA Rate Decision BUY 4.00% SELL 3.50% AUD/USD Reserve Bank of Australia (RBA) is going to hike its official cash rate once again to 3.75% as it is widely expected by the majority economists surveyed by both Bloomberg and Reuters. However, this is going to be the first time RBA has hiked rates 3 times consecutively in a row. Therefore, there is some expectation that RBA may not hike rate this time, but may resume its rate tightening cycle in 2010. RBA will also release a statement along with the rate decision. We should expect RBA to announce further rate hikes in the future as Australia's economy is facing inflationary pressures as it is already out of recession. I'll be looking at this release and possible look for areas to sell AUD/USD from the top since AUD might react to a classic SELL on NEWS type of market sentiment. (Special Message on Fundamental News Trading) My Mentoring Service has been officially closed. I'd like to take this time and say "Thanks" for your support and tolerance doing the past 10 days of the launch. From this moment on I'm going to get back to the basics and dedicate my time in doing what I do best, trade and teach my subscribers on to become successful traders! And of course, this newsletter service and video recording will continue and I'll posting my videos and trades on my blog, therefore don't forget to visit my website and my blog when you have a chance, and make sure to bookmark them.
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Monday, November 30, 2009
FOREX- CA GDP.
8:30am CA GDP m/m 0.4%(E) -0.1(P) 0.3%(S) 50M
10:30pm AU RBA Rate 3.75%(E) 3.50%(P) 0.25%(S) 50M
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
***
Alright guys, for those who don't have my weekly outlook, I decided
to post the first part of the analysis on my Blog, which talks about
what took place last week, and what is likely to happen this week.
So if you got a few minutes, go over to my blog and read this post:
10:30pm AU RBA Rate 3.75%(E) 3.50%(P) 0.25%(S) 50M
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
***
Alright guys, for those who don't have my weekly outlook, I decided
to post the first part of the analysis on my Blog, which talks about
what took place last week, and what is likely to happen this week.
So if you got a few minutes, go over to my blog and read this post:
Monday, November 23, 2009
MAKE YOUR MONEY, NOW ! ! !
| EUR/USD | |||||||||||||
November 23, 2009 Current level-1.4975 EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4793 and 1.3523. Last week's test of 1.4796 support failed and this time a bottom has been confirmed at 1.4801, that should start the expected upmove for new highs beyond 1.5063. Intraday bias is positive for a break through 1.4990, en route to 1.5063 with an initial support at 1.4947. | |||||||||||||
| resistance | support | ||||||||||||
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USD/JPY
8:30am CA Core Retail Sales 0.4%(E) 0.5%(P) 0.6%(S) 40M
10:00am US Existing Home 5.71M(E) 5.57M(P) 400K(S) 50M
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
In the meantime, I would recommend that you try our trade room for
one session for Free. Our flahship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news!
10:00am US Existing Home 5.71M(E) 5.57M(P) 400K(S) 50M
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached
In the meantime, I would recommend that you try our trade room for
one session for Free. Our flahship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news!
Saturday, November 21, 2009
SECRET FOREX INFO; MAKE FOREX MONEY NOW.
These analyses are for information purposes only. They do not post a buy or sell recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources.
The forecasts made are based on technical analysis. However, Analyst Department also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments.
we. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. We shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result.
Any information is subject to change without prior notice
The forecasts made are based on technical analysis. However, Analyst Department also takes into consideration a number of fundamental and macroeconomic factors, which we believe may impact the price moves of the observed instruments.
we. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. We shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result.
Any information is subject to change without prior notice
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