12:30 AM EDT AUD Cash Rate – Interest rate charged on overnight loans between financial intermediaries. AUD/USD Of 27 economists weighing in, 15 think the rate will remain at 2.00% and 12 think it will drop to 1.75&. The expected value is 2.00% This should translate into a spike no matter what happens, and will…Details
We start the new month a little better off than we were at the beginning of last month because we have begun to see a very slow return to normalcy for the markets. It appears most of the fear in the marketplace is related to the British exit from the EU. Over the last couple…Details
Nam eget mollis diam. Sed nec felis ut massa volutpat dictum quis id tortor. Maecenas hendrerit, dui quis condimentum eleifend, orci lacus rutrum libero, ac tempus sem justo quis ex. Mauris vestibulum dapibus auctor. Quisque fringilla, ex sed vestibulum sodales, arcu nisi placerat metus.Details
Nunc lacus dui, hendrerit ut ligula vitae, hendrerit aliquet dui. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Aliquam dignissim iaculis turpis in aliquet. Fusce leo eros, dignissim vel nibh ac, facilisis congue elit. Duis viverra nibh lectus, nec molestie libero suscipit lacinia.Details
8:30 AM EDT CAD GDP – Change in the value of goods and services produced by the economy. USD/CAD In January it came out at 0 with no movement. In February we saw .1. I didn’t do this one but evidently it came out 40 seconds late and spiked 35 pips. Seems like a big…Details
8:30 AM EDT US Advance GDP q/q – Change in the value of all goods and services produced by the economy USD/JPY or EUR/USD In July this came out at -.2 and .5 with an 11 pip spike. This is the worst case scenario. Row 1 came out a fraction of a second before row…Details
4:30 AM EDT UK Prelim GDP q/q – Change in the value of all goods and services produced by the economy. GBP/USD In July this came out at 0 and 0 with no movement. In October we saw -.1 and -.1 with a 12 pip spike. It came out as a sell and spiked down…Details
9:30 PM EDT AUD CPI q/q – Change in the price of goods and services purchased by consumers. AUD/USD In January we saw a deviation of 1., .1, and .1 with a 19 pip spike. Decent spike for such a small deviation. With very little retracement it pushed to about 34 pips in the first…Details
Well here we are at the last week of another slow month. While it looks like corporate earnings have been maintaining a decent level, as reflected in the stock market, the currency markets are still frozen in apparent fear of larger economic events. The largest and most impactful of these is surely the vote on…Details
8:30 AM EDT CAD Core CPI – Change in the price of goods and services purchased by consumers. USD/CAD In January we saw -.1 and -.1 with no movement. The data on all 4 rows came out at 1 second after the posted time. It really didn’t spike but as usual spreads on the CAD…Details
4:30 AM EDT UK Retail Sales – Change in the value of sales at the retail level. GBP/USD In January the deviation was -.6 and -1.4 with a 6 pip spike. The deviation was not great but it was in the direction of the trend. Surprisingly it didn’t spike hardly at all. It retraced quickly…Details
I am still travelling so this will be brief. There were very light deviations again last week.
For the upcoming week the trades I will post are:
Thu 4:30 AM – UK Retail Sales
Fri 8:30 AM – CAD Core CPI
That’s it. Good luck.