Are you new to Forex? Start here for a solid foundation
As I mentioned in my blog yesterday, we have seen more USD weakness as the market is anticipating a .25% rate cut by the FOMC tomorrow afternoon. Again, the key factor on market direction will be the comments following the rate decision. If they follow up saying that they are considering dropping it more, then…
I would like to recap the trades for this week and let you know of the upcoming trades we will have next week. We had two LOTN trades this week: 10/23 – Canadian Retail Sales – No trade 10/25 – US Durable Goods Orders – No trade NEXT WEEK’S OUTLOOK Next week looks very promising…
For our last trade call, we were watching US Durable Goods and we were looking for 3.0% in deviation to trigger a trade. We did not get enough deviation to give us a trade. We have made some adjustments to our triggers on this release simply because we have not received much movement for the…
The next report is the US Durable Goods report, which will be released at 8:30 am EDT tomorrow. For the US Durable Goods New Orders, which will be Row 1, the expected number is 0.7%. A higher than expected number will be good for the USD and signal a short on the GBP/USD and a…
I am very excited about tonights release becuase it has been a good moverbut before we get into that lets review. OUR LAST TRADE CALL Today we had US CPI which was released as expected so no trade there. After the release was done we watched the market for a while and I suggested a…
In our last trade call, we were watching the US CPI report. Our focus was the CPI Ex. Food & Energy figure and we were looking for 0.2% in deviation. We had zero deviation, so our trigger was not struck this morning. However, we did have some data that came out on the housing numbers…
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK CPI report this morning. For the UK CPI Harmonized EU report, we were looking to short the GBP/USD if the report…
I would like to make you aware of an opportunity to trade this evening when the New Zealand CPI report is released at 5:45 pm EDT. Your focus should be on the NZD CPI All Groups (QoQ) figure, which will be Row 1 of the RSS and is expected to be 0.8%. We have placed…
I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the US Retail Sales report last Friday. For the US Retail Sales Less Autos report, we were looking to short the GBP/USD if…
I would like to recap what we did on the last live trade calls and give you the criteria for two potential trades tonight and tomorrow. The last trade call I sent out covered the US and Canadian Trade Balance reports this morning. Our focus was more on the Canadian Trade Balance as the US…
NEXT WEEK’S OUTLOOK Next week looks very promising as we will have five news releases we will be trading in the Live on the News Trade Room. The reports are as follows: UK CPI Release date: 10/16/2007 04:30:00 AM EDT US CPI Release date: 10/17/2007 08:30:00 AM EDT UK Retail Sales Release date: 10/18/2007 04:30:00…
I wanted to recap what we did on the last live trade call and give you the criteria for three potential trades tonight and tomorrow. The last trade call I sent out covered the UK Trade Balance report yesterday. For this report, our plan was to go short on the GBP/USD if the release came…