8:30 AM EST CAD Core CPI – Change in the price of goods and services purchased by consumers, excluding the 8 most volatile items. USD/CAD In September we saw -.2 and -.3 with a 45 pip spike. A nice strong spike up with all 4 rows in agreement and significant deviations on all of them.…Details
Well, I had an interesting week last week. I tried the US Federal Funds Rate, trading the EUR/USD on 7 stations. The spike was not nearly what I thought it would be, and none of my stations initially went live. I closed a couple manually but then it took a push down and a bunch…Details
NOTE: I wrote this and published it but somehow it seems to have disappeared. Will try again but will be brief. 4:30 AM EST UK Retail Sales – Change in the value of sales at the retail level. GBP/USD My notes are sketchy for this trade at best. In September we saw .2 with no…Details
2:00 PM EST US Federal Funds Rate – Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight. EUR/USD or USD/JPY Well, I’ve had to look at this several times to be sure I am understanding it. It looks like 182 economists have weighed in on this.…Details
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4:30 AM EST UK CPI y/y – Change in the price of goods and services purchased by consumers. GBP/USD In September we saw -.1 with a 10 pip spike. Looks like it spiked down slightly and then retraced way past where it started over the next few minutes. In October we saw .1 with a…Details
Well, we finally had a decent trade with the AUD GDP last week. Didn’t make a killing with it but at least came out ahead on most stations. I didn’t do the EUR Minimum Bid Rate on Thursday but it looked like it had some crazy movement. I recommended a sell only. It looks like…Details
7:45 AM EST EUR Minimum Bid Rate – Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system. EUR/USD I mentioned that I would only post this if there was some chance of change, and there isn’t according to the economists, but here it is anyway. Of 58…Details
10:00 AM EST CAD Overnight Rate – Interest rate at which major financial institutions borrow and lend overnight funds between themselves. USD/CAD Of the 15 economists weighing in, all 15 think the rate will remain at 0.50%. In fact, looking ahead, none of them sees any change whatsoever for as far out as they care…Details
7:30 PM EST AUD GDP q/q – Change in the inflation-adjusted value of all goods and services produced by the economy. AUD/USD In March we saw .2 and .5 with a 22 pip spike. It spiked, and with very little retracement pushed to about 35 pips in 4 minutes. Strong revisions also helped. In May…Details
10:30 PM EST AUD Cash Rate – Interest rate charged on overnight loans between financial intermediaries. AUD/USD Of the 26 economists weighing in, all 26 think the rate will remain at 1.50%. A few of them see the rate dropping by 0.25% in the February release and further from there. We want to do a…Details
Well, this past week was another dud. The CAD GDP spiked just far enough to take in the sells before trickling back a bit, and the US NFP came out with a tiny deviation on row 1 so the trades were removed on that one. Still hoping to get a big winner before we get…Details