Upcoming Signals Overview (March 15 - March 19)

[Crazy Cat]

Hi there

This is Crazy Cat with an overview of the upcoming week.

I will email you 24 hours before the time of each report, and tell you exactly how to trade it. This is just an overview.

This is going to be a very slow week with really crappy reports to trade.

1. Tuesday, March 16th (06:00 New York time) GERMANY
We will be trading German ZEW Economic Sentiment
Forex News Trading | Details and History for GER ZEW Economic Sentiment

2. Tuesday, March 16th (14:15 New York time) USA
We will be trading US Interest Rate (most likely a no trade)
Forex News Trading | Details and History for USD Interest Rate Statement

3. Thursday, March 18th (08:30 New York time) USA
We will be trading US CPI
Forex News Trading | Details and History for USD Core CPI m/m

4. Friday, March 19th (07:00 New York time) CANADA
We will be trading Canadian CPI
Forex News Trading | Details and History for CAD Core CPI m/m

5. Friday, March 19th (08:30 New York time) CANADA
We will be trading Canadian Retail Sales
Forex News Trading | Details and History for CAD Core Retail Sales m/m


The rest of the economic indicators that are coming out this week are not worth trading, in my opinion. You can see the entire list by visiting FPA calendar: Forex news trading calendar with economic events analysis and currency exchange charts

To see the history of each report with charts, simply click the "file box" to the right of each report.

Let me repeat myself...this is just an overview email, you will be receiving an email for each individual economic report, with exact instructions on how to trade it. You will get these emails 24 hours prior to their release time.

Good luck
--Crazy Cat

 

[West Coast Pips]

Some trades to stay clear of this week

Well it is certainly not a news trading paradise this coming week. There is not a single report I like.

Trades I am definitely skipping are US CPI & CAD CPI. No CPI release is reacting well as the global economy is still rather fragile. Some countries are still concerned with deflation vs. inflation.

US CPI a few years ago used to react well to a +/-0.1 core m/m deviation. The spikes that are now seen with a 0.1 or even a 0.2 deviation are rather ugly. Last month may have been an exception for usd/jpy when core CPI deviated by -0.2 m/m. Those charts that have a +/- 0.1 deviation are also rather ugly. You can argue that a 0.3 deviation will be safer but I have never seen this happen.

On top of that at the same time US CPI is released there is also US Unemployment Claims & Current Account. The latter is not so important though Unemployment Claims with the right deviations can move the market. So why would you risk getting into such a trade especially if the different reports conflict?!

CAD CPI is no better really. One can arguably say a +/-0.2 deviation will trigger a good trade here on CAD CPI core m/m. If you look back to Dec 17, 2009 core m/m did deviate by +0.2. On top of that so did core y/y AND headline m/m AND headline y/y. Take a look at the spike though for this release: Forex news trading currency exchange charts
It's ugly! There are more examples to pick with even higher deviations that show terrible price action.

There are some weeks where you are just going to have to say to yourself 'I will not trade this/these news report/s.' When you have that mentality you have better risk management. Why would you want to get filled on an ugly trade and lose money?! Be patient and wait for the good trade that WILL come along.

 

[Jeffreyfx1]

GBP Claimant count change

Hi FPAs, GBP claimant count change was indeed a beautiful trade today! Tanks to Saxobank's Day Order!!!!!!! Anyone got in on that?

 

[koco]

Hi FPAs, GBP claimant count change was indeed a beautiful trade today! Tanks to Saxobank's Day Order!!!!!!! Anyone got in on that?

I missed it by 2 seconds. I don't wish this feeling to anyone. All my day was screwed up afterwards. I still don't understand, how could I missed it, even I was preparing half an hour for this report.

Btw. it used to be a pretty crappy report. I'm not sure why it went over 100 pips today.

Btw. why Crazy cat does not mention it in the upcoming signals?