It is still looking like the UK trades are quite risky and should be approached with extreme caution. It appears the pressure is down on the GBP/USD, indicating the market is placing higher odds on a BRExit (an exit by Britain from the EU) than an interest rate hike. For this reason I will recommend…Details
5:30 AM EDT UK Retail Sales – Change in the value of sales at the retail level GBP/USD In December this came out at 1.1 with a 12 pip spike. I didn’t get up but a 1-minute chart makes it look like it spiked up and then immediately fell back down and kept falling, presumably…Details
On March 10, 2016, the European Central Bank (ECB) announced their current monetary policy decision. The financial markets heard that they were cutting interest rates in the eurozone, expanding its money printing program, and reducing a key deposit rate further into negative territory. The intention of all this was to revive the economy and fend…Details
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
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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