Written by Barry Battista
Sunday, August 21st, 2011
As I have said before, the best trading weeks are the 1st and 3rd week of the month (last week notwithstanding). The worst week is the 4th, and that what we have to look forward to this coming week.
I have also mentioned recently that there are Forex brokers that have oil and natural gas as options to trade. If your broker offers these you will have some opportunities to trade them every week. I have no detail to post on these releases and will not include them in my list, but will start gathering detail on a demo account for future posts. In the mean time if you have these as options, you might want to give them a try. The oil release (Crude Oil Inventories) is every Wednesday at 10:30 AM, and the natural gas release (called Natural Gas Storage) is Thursday at 10:30 AM. If you decide to trade these and you let me know triggers you used and spike sizes, I will incorporate your findings into the database for future posts.
Here are the gems for the upcoming week.
Tue 8/23 8:30 AM CAD Core Retail Sales
Wed 8/24 8:30 AM US Core Durable Goods Orders
Wed 8/24 6:45 PM NZD Core Retail Sales q/q
Fri 8/26 4:30 AM GBP Revised GDP q/q
Fri 8/26 8:30 AM US Prelim GDP q/q
This is really a sorry batch of releases. If you were thinking of taking a vacation, this would be the time. I will be traveling again, but of course it will be the following week right in the heart of the best releases of the month.
