I see I forgot to post for the UK Retail Sales ….. so here it is. 4:30 AM EDT UK Retail Sales – Change in the value of sales at the retail level. GBP/USD In June we saw .6. I don;t have any data on the move. In July we saw -.3 and -.9 with…Details
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Forex Traders Daily
6:45 PM EDT NZD GDP q/q – Change in the value of all goods and services produced by the economy. NZD/USD My records for this one don’t give me a whole lot to go on. Of the last 3, the only one I have any notes on is the last one in June, and I…Details
4:30 AM EDT UK CPI y/y – Change in the price of goods and services purchased by consumers. GBP/USD This deviated by .1 in each of the last 3 months, and had very little movement on any of them. The last good deviation of .2 or more was in May, but the impending Brexit vote…Details
Ugh. The month started off very nicely a week ago with the US NFP trade, which netted most of us a decent profit. I was hoping to build on that with a profitable CAD Employment trade. But as sometimes happens, everything that could go wrong went wrong with this trade (well, not quite everything but…Details
8:30 AM EDT CAD Employment Change – Change in the number of employed people for the prior month. USD/CAD Since this frequently occurs at the same time as US NFP, I need to find months when it happened by itself. In March we saw -12.3 and .1 with a 25 pip spike. Row 2 came…Details
7:45 AM EDT EUR Minimum Bid Rate – Interest rate on refinancing operations. EUR/USD I was debating even putting this in the list and probably shouldn’t have. There aren’t any economists who are forecasting a rate drop. Most of the volatility will come at the press conference at 8:30. If rates change at all, they…Details
10:00 AM EDT CAD Overnight Rate – Rate at which financial institutions lend to each other. USD/CAD Of the 18 economists weighing in, none think the rate will change. Looking ahead, one thinks they will lower it in the 4th quarter, but several think they will start raising it next year. The BOC has historically…Details
12:30 AM EDT AUD Cash Rate – Rate charged on overnight loans between financial intermediaries. AUD/USD Of 26 economists surveyed, all 26 think the rate will remain at 1.50%. Looking ahead, many think it will drop before the end of the year. No one thinks it will rise. So the wise way to trade this…Details
Lets do a quick recap of yesterday’s NFP before moving on. I traded the EUR/USD on 7 stations using 7 different brokers. The deviation was -29 and .1 with a relatively small spike of 20 pips. Rows 1 and 2 came out in the same direction which was helpful. A deviation of 29 isn’t huge…Details
8:30 AM EDT US Non-Farm Employment Change – Change in the number of employed people for the prior month. EUR/USD or USD/JPY I am publishing this a little early because I am moving stuff again tomorrow, hopefully for the last time. I hate moving and this has been dragging on for weeks. In June we…Details
10:00 AM EDT US ISM Manufacturing PMI – Level of diffusion index based on surveyed purchasing managers in the manufacturing industry. EUR/USD or USD/JPY Haven’t traded this in a long time. Don’t expect huge moves. I will make some estimates for the triggers. Trade sparingly. ORACLE TRADER – Pass on this due to lack of…Details