5:30 AM EDT UK CPI y/y – Change in the price of goods and services purchased by consumers. GBP/USD Two notes: 1) – I think row 2 will have at least as much impact as row 1, so you should trade both if you are going to do this. 2) – The Pound is conflicted…Details
We are sure on a roll of lousy trades. I was hoping to do well on the AUD Employment trade last week, but again we had a low row 1 deviation and a big row 2 deviation in the opposite direction. The vote on the UK departure from the EU is not till June 23rd.…Details
8:30 AM EDT CAD Core CPI – Change in the price of goods and services purchased by consumers. USD/CAD In December we saw a deviation of -.3 and -.2 with a 20 pip spike. It wasn’t a huge spike for such a big deviation but it had a good strong push up for a couple…Details
8:00 AM EDT UK Official Bank Rate – Interest rate at which the BOE lends to financial institutions. GBP/USD Of the 38 economists surveyed, all 38 think the rate will remain at 0.50%. It looks like the BOE may begin to raise the rate later in the year according to some of the economists. I…Details
8:30 AM EDT US Core CPI – Change in the price of goods and services purchased by consumers. USD/JPY In December this came out at 0 and 0 with no movement. In January we saw -.1 and -.1 with a 12 pip spike. It spiked just far enough to hit the buys on the EUR/USD,…Details
8:30 AM EDT US Core Retail Sales – Change in the value of sales at the retail level. USD/JPY I don’t have the trade from December so we will look at November, January, and February. In November we saw a deviation of -.2 and -.2 with a 22 pip spike. The EUR/USD seemed to do…Details
Could only be having more fun in Florida if there were more good trades, or at least more that I was participating in! The biggest mover by far last week was the NZD Official Cash Rate, but unfortunately it came out 2 seconds earlier than anticipated, so it was a spectator sport for me. NOTE:…Details
Want FULL ACCESS To MARK’S DAILY TRADE ROOM?
Click Below To Get More Information!
Well, I was sitting here getting ready to work on this post and noticed the EUR/USD has had some really erratic movement today. A closer look shows they had their interest rate announcement this morning. The rate was listed at 0.05% beforehand, and they evidently lowered it to 0.00%, which is only a .05% drop.…Details
Before jumping into these, let me pass on an additional piece of info regarding the US NFP trade last Friday. I was reading another analysts take on it and he said that the average hourly earnings came out significantly lower, which also caused the upward move to me muted. So it was the perfect storm…Details
Strange things continue to happen in the Forex. Today we had the US Non-Farm Employment Change come out with a deviation of 47 and 0 but a spike of only 15 pips. This is unprecedented. There is some speculation that there are a lot of traders short the USD because they now think the US…Details
8:30 AM EST US Non-Farm Employment Change – Change in the number of employed people for the prior month. USD/JPY In December we saw a deviation of 11 and 0 with a 50 pip spike. The EUR/USD did way better than the USD/JPY. The data and spike were both at exactly 1 second after. The…Details