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… Here’s the forecast: 8:30am (NY Time) US Core Retail Sales Forecast 0.0% Previous -1.1% ACTION: USD/JPY BUY 0.6% SELL -0.6% Since we have both [...]
Here are the top 3 things that could affect how currencies trade this week in order of importance: 1. U.S. Retail Sales Report The most important event risk this week is the U.S. retail sales report. Concerns about the sustainability of the U.S. recovery and the degree of consumer spending has been one of the [...]
We’ll be getting the Canadian Employment Change release number tomorrow, here is the forecast: 7:00am (NY TIme) CA Employment Change Forecast 18K Previous 24.7K (Unemployment Rate 8.1%) ACTION: BUY -15K SELL 48K USD/CAD Canadian Employment Change report will be release at 7:00am sharp today, and it is the only tradable high impact news releases for this Friday. What I [...]
U.S. equity markets finished the week with a strong performance indicating that investors may be fed up with the bad news and tired of the low yields being offered by an investment in Treasuries. Sure this rally may have been short-covering, but something had to have stopped the decline from getting worse earlier in [...]
As we have seen earlier, one of the most commonly used technical indicators in making buy or sell decisions in forex trading is the use of moving averages. We have also seen that there was no significant difference between the use of simple moving averages and exponential moving averages. They both produce the same kind [...]