7:00 AM EST UK Official Bank Rate – Interest rate at which the BOE lends to financial institutions. GBP/USD It is difficult to post trades like this so far in advance because the economists predictions are not available yet. But in this particular case we can make some assumptions with a reasonable degree of accuracy.…Details
7:30 PM EST AUD Employment Change – Change in the number of employed people for the prior month. AUD/USD In October we saw a deviation of -14.7 and 0 with a 20 pip spike. The initial spike down happened at about a half second before two seconds after. My orders went in after that. Then…Details
Since last weeks trades haven’t happened yet, I don’t have a lot to say here. The trades I will post this week are: Wed 7:30 PM – AUD Employment Change Thu 7:00 AM – UK Official Bank Rate Fri 8:30 AM – US Core Retail Sales I am hoping to be back on Wednesday in…Details
8:30 AM EST US Non-Farm Employment Change – Change in the number of employed people for the prior month. USD/JPY or EUR/USD In October we saw a deviation of -59 and 0 with a 70 pip spike. Beautiful trade. It appears the EUR/USD did better than the GBP/USD. It took a hard spike up, and…Details
7:00 PM EST AUD Retail Sales – Change in the value of sales at the retail level AUD/USD In October we saw a deviation of 0 with no movement at all. In November we saw 0 and 583 with no movement. The data came out at 2.5 seconds after the posted time. The orders went…Details
Happy 2016! Hope you all had a great 2015. I’m certainly looking forward to what I hope is another good year. I will be removing a couple trades from the posted list that no longer seem to move well; the two UK PMI trades and the US PMI trade in particular. For those that have…Details
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8:30 AM EST CAD Core CPI – Change in the price of goods and services purchased by consumers. USD/CAD Well … this is it. The last trade of the year. I didn’t get up for the UK Retail Sales (getting lazy in my old age). The deviation looked quite good, but a 1-minute chart shows…Details
4:30 AM EST UK Retail Sales – Change in the value of sales at the retail level. GBP/USD In September we saw a deviation of 0 and -.3 with no movement at all. In October we saw 1.3 and 1.4 with a 30 pip spike. It pushed up about 30 pips a couple minutes before…Details
2:00 PM EST US Federal Funds Rate – Interest rate at which depository lend balances to each other. USD/JPY or EUR/USD I cannot find a forecast based on individual economists, but it appears highly likely they will hike the rate from 0.25% to 0.50%. They are saying the probability of a hike is 74%. I…Details
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 no deviation and no move at all. In October we saw -.1 and -.1 with a 10 pip spike. It had pushed down 70 pips in the 30 minutes before the trade.…Details
Well, we will finish the trading year at the end of this upcoming week. There won’t be any news trades from Friday the 18th thru January 4th. We go on a cruise out of Miami (called the Jam Cruise .. about as much fun as it’s possible to have) from January 6th thru 11th, so…Details