Intraday Analysis by Forexsoup

[forexsoup]

NZD/USD STRATEGY
sell at 7635, T/p 7385, S/L 7695

USD/JPY STRATEGY
Buy at 82.40, T/P 83.50, S/L 81.83

USD/CHF STRATEGY
Buy at 9555, T/P 9687, S/L 9519

GBP/JPY STRATEGY
Buy at 131.05, T/P 133.10, S/L 130.60

By Forexsoup

 

[forexsoup]

AUD CPI q/q

2:30 (EU Time) AUD CPI q/q 0.7%(E) 0.7%(P) 0.3%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Mon January 25, 2011

[2:30pm EU Time]


Our plan to trade today's CPI release out of Australia will be to
look for opportunities for entry if we get a surprise in this
release, here is the current forecast:

2:30 AUD CPI q/q Forecast 0.7% Previous 0.7%
ACTION: AUD/USD BUY 1.0% SELL 0.4%

 

[forexsoup]

UK Prelim GDP q/q & CA Core CPI m/m

11:30 UK Prelim GDP q/q 0.5%(E) 0.7%(P) 0.3%(S) 50M
14:00 CA Core CPI m/m -0.2%(E) 0.0%(P) 0.3%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Tue January 25, 2011

[11:30 EU Time]

UK quarterly GDP release is always a high impact report. With this
being the Prelim release, or the first release of three, we are
likely to see more market participation. Here is the forecast number:

UK Prelim GDP q/q Forecast 0.5% Previous 0.7%
ACTION: (GBP/USD) BUY 0.8% SELL 0.2%


[14:00 EU Time]

CPI is also known as Inflation and our focus will be on the Core
Inflation figure, also known as CPI excluding Food and Energy, or
CPI ex Volatile Items...

Here's the forecast:

CA Core CPI m/m Forecast -0.2% Previous 0.0%
ACTION: USD/CAD BUY -0.5% / SELL 0.2%

 

[forexsoup]

UK MPC Minutes, US New Home Sales, FOMC Rate, RBNZ Rate

11:30 UK MPC Minutes 1-0-8(E) 1-0-8(P) 2(S) 50M
17:00 US New Home Sales 300K(E) 290K(P) 70K(S) 50M
21:15 US FOMC Rate Decision N/A
22:00 NZ RBNZ Rate Decision 3.0%(E) 3.0%(P) 0.25%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)


NEWS TRADING

Wed January 26, 2011

[11:30 EU Time]


MPC Meeting Minutes is scheduled to be released today and since it
is customary for BOE (Bank of England) not to release a statement
along with its interest rate decision (2 weeks ago) if there were no
changes in either rate decision or APF (Asset Purchasing Facility,
UK's quantitative easing program), today will be the first time for
a glimpse into what took place during this meeting, here is the
forecast:

11:30 EU Time UK MPC Meeting Minutes Forecast 1-0-8 Previous 1-0-8
ACTION: GBP/USD BUY (2 Vote For Hike) / SELL (2 Vote For QE)


[17:00am EU Time]

U.S. New Home Sales usually follows the trend of Existing Home
Sales, therefore we are likely to see a strong release today. Here
is the forecast:

17:00 EU Time New Home Sales Forecast 300K Previous 290K
ACTION: SELL 370K EURUSD BUY 230K EURUSD


[21:15pm EU Time]

The Federal Reserve will probably not surprise the market today and
keep the current Federal Funds rate unchanged while leaving the 600
Billion Dollar stimulus in place as economy is showing moderate
signs of recovery.


[22:00pm EU Time]

RBNZ (Reserve Bank of New Zealand) will be releasing its interest
rate decision today and it is widely expected that Gov. Bollard will
keep rates unchanged today at 3.00%; here is the forecast:

22:00 (EU Time) RBNZ Rate Decision Forecast 3.00% Previous 3.00%
ACTION: NZD/USD BUY 3.25%


by Forexsoup

 

[forexsoup]

US Advance GDP q/q

15:30 (EU Time) US Adv. GDP 3.5%(E) 2.6%(P) 0.3%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Fri January 28, 2011

[15:30 EU Time]


We are also getting the Canadian monthly GDP release at the same
time of this release, however I'd recommend to trade the U.S.
release only as the market will be paying much more attention to it,
especially when the Feds are also watching it. Here's the forecast
for U.S. Adv. GDP:

15:30 (EU Time) US ADV GDP q/q Forecast 3.5% Previous 2.6%
ACTION: 3.8% SELL EURUSD 3.2% BUY EURUSD


by Forexsoup

 

[forexsoup]

CA GDP m/m & RBA Interest Rate

15:30 (EU Time) CA GDP m/m 0.2%(E) 0.2%(P) 0.2%(S) 50M
5:30 (EU Time) 01/02 AU RBA Rate 4.75%(E) 4.75%(P) 0.25%(S) 100M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Mon January 31, 2011

[15:30 EU Time]


We'll be receiving GDP release from Canada today. Here's the
forecast:

15:30 EU Time Canada GDP m/m Forecast 0.2% Previous 0.2%
ACTION: USD/CAD BUY -0.1% SELL 0.4%



[5:30 EU Time]

RBA (Reserve Bank of Australia) is expected to keep borrowing costs
unchanged in November, as all 22 analysts agree in a survey by
Bloomberg... Here's forecast:

5:30 (EU Time) AU RBA Rate Decision Forecast 4.75% Previous 4.75%
ACTION: AUD/USD BUY 5.00%

by Forexsoup

 

[forexsoup]

UK Manufacturing PMI & US ISM Manufacturing PMI

11:30 EU Time UK Manufacturing PMI 58.0(E) 58.3(P) 2.0(S) 50M
17:00 EU Time US ISM Manuf. PMI 57.8(E) 58.5(P) 2.5(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Tue February 1, 2011

[11:30am EU Time]

Manufacturing PMI is a leading indicator and it's usually released
during early month. Traders pay attention to this release for
surprises as this survey may help to shape the general trend of the
currency for the rest of the month. Here is the forecast:

11:30 (EU Time) UK Manufacturing PMI Forecast 58.0 Previous 58.3
ACTION: GBP/USD BUY 60.0 SELL 55.0


[17:00 EU Time]

ISM or Institute for Supply Management is releasing its PMI
(Purchasing Manager Index) today. As a leading indicator, traders
generally pay attention to this report for hints of economic trend.
Here's the forecast:

17:00 EU Time US ISM Manufacturing PMI Forecast 57.8 Previous 58.5
ACTION: 61.0 BUY USDJPY / 55.0 BUY EURUSD


by Forexsoup

 

[forexsoup]

US ADP NFP Employment Change

15:15 US ADP NFP 150K(E) 293K(P) 50K(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Wed February 2, 2011

[15:15 EU Time]


ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it's own
estimate for the private sectors of NFP (Nonfarm Payroll). This is
high impact release and it's followed by currency traders as they
look for hints on Friday's NFP official release. Here's the
forecast:

15:15 EU Time US ADP NFP Change Forecast 150K Previous 297K
ACTION: 200K BUY USDJPY / 100K BUY EURUSD

by Forexsoup

 

[forexsoup]

UK Services PMI, EU ECB Rate Decision

11:30 UK Services PMI 51.2(E) 49.7(P) 2.5(S) 50M
14:45 EU ECB Rate Decision 1.00(E) 1.00(P) 0.25%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Thu February 3, 2011

[11:30 EU Time]

We'll be trading the UK Services Purchasing Manager Index today at
11:30 (EU Time). This is a leading indicator similar to the
Manufacturing PMI that was released early this week, here's the
forecast:

11:30 (EU Time) UK Services PMI Forecast 51.2 Previous 49.7
ACTION: GBP/USD BUY 54.0 SELL 48.5

[14:45 EU Time]

ECB (European Central Bank) will be rendering its rate decision
today, it is widely believed that ECB will keep current rate
unchanged. Here's the forecast:

14:45 (EU Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD BUY 1.25% SELL 0.75%

by Forexsoup

 

[forexsoup]

AU Employment Change

2:30 (EU Time) AU Employment Change 20K(E) 2.3K(P) 30K(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Thu February 10, 2011

[2:30am EU Time]

Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll)
and Canada Employment Change, this is an economic indicator for the
Employment Changes in Australia, here's the forecast:

2:30pm (EU Time) AU Employment Change Forecast 20K Previous 2.3K
AU Unemployment Rate Forecast 5.0% Previous 5.0%
ACTION: AUD/USD BUY 50K SELL 0K


By Forexsoup

 

[forexsoup]

UK BOE Interest Rate Decision

14:00 (EU Time) UK Interest Rate 0.50%(E) 0.50%(P) 0.25%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)


NEWS TRADING

Thu February 10, 2011

[14:00 EU Time]

14:00 (EU Time) UK Official Bank Rate Forecast 0.50% Previous 0.50%
APF (Asset Purchasing Facility) Forecast 200B Previous 200B
ACTION: GBP/USD BUY 0.75% (Rate) SELL 225B (APF)

By Forexsoup

 

[forexsoup]

UK CPI y/y & US Core Retail Sales m/m

11:30(Eu Time) UK CPI y/y 4.0%(E) 3.7%(P) 0.3%(S) 50M
15:30(Eu Time) US Core Retail 0.6%(E) 0.5%(P) 0.6%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Tue February 15, 2011

[11:30 EU Time]

We'll be trading the UK Consumer Price Index (CPI) release at 4:30am
NY Time today. We'll be looking at the yearly release figure and the
market could react with lots of volatitility as CPI is the basic
measurement of Inflation, therefore expect to see more exaggerated
moves if we get a huge surprise release. Here is the forecast:

11:30 EU Time UK CPI y/y Forecast 4.0% Previous 3.7%
ACTION: GBP/USD BUY 4.3% SELL 3.6%



[15:30 EU Time]

We'll be getting the Core Retail Sales (and Retail Sales) figure out
of U.S. today, as high impact news releases are concerned, Retail
Sales makes up about 2/3 of U.S. GDP (economy)... Here's the forecast:

15:30 (EU Time) US Core Retail Sales Forecast 0.6% Previous 0.5%
ACTION: 1.2% BUY USDJPY / 0.1% BUY EURUSD

by Forexsoup

 

[forexsoup]

Analysis for 17/02 US Core CPI m/m

15:30 (EU Time) US Core CPI m/m 0.1%(E) 0.1%(P) 0.2%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Thu February 17, 2011

[15:30 EU Time]


We'll be trading US Core CPI m/m release today. CPI or Consumer
Price Index, also known as the "true cost of living", it is what
drives Central Banks to raise/cut interest rate, therefore this
release will be widely watched. Here's the forecast for the CPI:

15:30 (EU Time) US Core CPI m/m Forecast 0.1% Previous 0.1%
ACTION: 0.3% BUY USDJPY / -0.1% BUY EURUSD

by Forexsoup

 

[forexsoup]

11:30 UK Retail Sales 0.6%(E) -0.8%(P) 0.6%(S) 50M
14:00 CA Core CPI m/m 0.2%(E) -0.3%(P) 0.3%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Fri February 18, 2011
[11:30 EU Time]

Today's Retail Sales number from UK will be widely watched as this
is a high impact yet tradable report. Here is the forecast for this
release:

11:30 (EU Time) Forecast 0.6% Previous -0.8%
ACTION: GBP/USD BUY 1.0% SELL 0.0%


[14:00 EU Time]

CPI is also known as Inflation and our focus will be on the Core
Inflation figure, also known as CPI excluding Food and Energy, or
CPI ex Volatile Items...

Here's the forecast:

CA Core CPI m/m Forecast 0.2% Previous -0.3%
ACTION: USD/CAD BUY -0.1% / SELL 0.4%

By Forexsoup

 

[forexsoup]

Analysis for 22/02 CA Core Retail Sales m/m

15:30 CA Core Retail Sales 0.7%(E) 1.0%(P) 0.6%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Tue February 22, 2011

[15:30 EU Time]

Retail Sales is usually a very tradable release as traders draw
direct correlation between retail activities with economic health.
Here's Forecast:

Core Retail Sales Forecast 0.7% Previous 1.0%
ACTION: USD/CAD BUY 0.0% / SELL 1.3%

by Forexsoup

 

[forexsoup]

UK MPC Minutes & US Existing Home Sales

11:30 UK MPC Minutes 2-0-7(E) 2-0-7(P) 2(S) 50M
17:00 US Existing Home 5.27M(E) 5.28M(P) 400K(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Wed February 23, 2011

[11:30 EU Time]

MPC Meeting Minutes is scheduled to be released today and since it
is customary for BOE (Bank of England) not to release a statement
along with its interest rate decision (2 weeks ago) if there were no
changes in either rate decision or APF (Asset Purchasing Facility,
UK's quantitative easing program), today will be the first time for
a glimpse into what took place during this meeting, here is the
forecast:
11:30 EU Time UK MPC Meeting Minutes Forecast 2-0-7 Previous 2-0-7
ACTION: GBP/USD BUY (4 Vote For Hike) / SELL (2 Vote For QE)

[17:00am EU Time]

US Existing Home Sales is expected to remain unchanged from the
previous month as current market situation is showing signs of
bottoming out on the housing sector. Here's forecast:

Existing Home Sales Forecast 5.27M Previous 5.28M
ACTION: EURUSD SELL 5.7M / BUY 4.80M

by Forexsoup

 

[forexsoup]

Analysis for 24/02 US New Home Sales m/m

17:00 US Existing Home 330K(E) 329K(P) 70K(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Thu February 24, 2011

[17:00 EU Time]

U.S. New Home Sales usually follows the trend of Existing
Home Sales, therefore we are likely to see a slightly
stronger release today. Here is the forecast:

17:00 EU Time New Home Sales Forecast 330K Previous 329K
ACTION: SELL 400K EURUSD BUY 260K EURUSD

by Forexsoup

 

[nicetrader144]

nice signals

 

[forexsoup]

Analysis for 25/02 UK Revised GDP & US Prelim GDP q/q

11:30 UK Revised GDP -0.5%(E) -0.5%(P) 0.3%(S) 50M
15:30 US Preim GDP 3.3%(E) 3.2%(P) 0.3%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Fri February 25, 2011

[11:30 EU Time]

Revised GDP q/q, or better known as the 2nd quarterly GDP
release, is going to be the focus today. Here is the
forecast:

11:30 (EU Time) UK Revised GDP q/q Forecast -0.5% Previous -0.5%
ACTION: GBP/USD BUY 0.0% SELL -0.8%

[15:30 EU Time]

Here's the forecast for U.S. Prelim. GDP:

15:30 (EU Time) US Prelim GDP q/q Forecast 3.3% Previous 3.2%
ACTION: USD/JPY BUY 3.6% SELL 3.0%

by Forexsoup

 

[forexsoup]

Analysis for 28/02 CA GDP m/m

15:30 CA GDP m/m 0.3%(E) 0.4%(P) 0.3%(S) 50M[/b\

[15:30 EU Time]

We'll be receiving the monthly GDP release from Canada
today. Here's the forecast:

15:30 EU Time Canada GDP m/m Forecast 0.3% Previous 0.4%
ACTION: USD/CAD BUY 0.0% SELL 0.6%

by forexsoup