Hi there
This is Crazy Cat, with the review of the week.
This week, we were watching 14 economic indicators. 6 of them hit the triggers that I sent to you. Let's review them...
1. Monday, Feb 01st (04:28 New York time) UK Manufacturing PMI (FAIL) (up to 30 pips loss)
The trigger for this indicator was 2.5. This means that if UK Manufacturing PMI comes out at 56.5 or higher, GBP/USD would probably go up by 30 pips or more in the first 45 minutes of the report. It did come out at 56.7, and GBP/USD moved up by about 15 pips, and then it was going up and down.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
2. Monday, Feb 01st (22:30 New York Time) AUSTRALIA
(SUCCESS)
I said if Australian interest rate comes out at 3.75% (which would mean they did not hike the rates), AUD/USD would probably go down by 70 pips or more in the first 45 minutes of the report. It actually came out at 3.75%, and AUD/USD moved down by about 50 pips. Not exactly 70 pips but I cannot say it was a failure either.
Here is what happened: Forex news trading currency exchange charts
3. Wednesday, Feb 03rd (4:28 am New York Time) UK Services PMI (SUCCESS) (Up to 45 pips)
I said if it comes out at 55.6 or less, GBP/USD will probably go down by 40 pips or more in the first 45 minutes of the report. It came out at 54.5 and GBP/USD moved down by about 45 pips. Here is the chart:
Forex news trading currency exchange charts
4. Wednesday, Feb 03rd (16:45 New York Time) New Zealand Unemployment (SUCCESS) (up to 85 pips)
I said if the New Zealand Unemployment comes out at 7.2 or higher, NZD/USD will probably go down by 30 pips or more in the first 30 minutes of the report. It actually came out at 7.3%, and NZD/USD went down by 85 pips. Here is the chart:
Forex news trading currency exchange charts
5. Wednesday, Feb 03rd (19:30 New York Time) Australia (SUCCESS) (up to 45 pips)
I said if Australian Retail Sales m/m comes out at -0.1 or more negative, AUD/USD would probably go down by 40 pips or more in the first 45 minutes of the report. It came out at -0.7, and AUD/USD went down by 45 pips. Here is the chart:
Forex news trading currency exchange charts
6. Friday, Feb 05th (7:00 am New York Time) Canada (PARTIAL SUCCESS/FAILURE)
I said if the Canadian Employment Change comes out at 30.4 or more, USD/CAD would probably go down by 40 pips or more in the first 45 minutes of the report. It actually came out at 43 but USD/CAD moved down by 25 pips only. It never retraced above the prerelease price within 45 minutes so I would not call it a failure although probably you did not make anything or you lost a few pips. Here is the chart:
Forex news trading currency exchange charts
It was a hard week with a few good reports and a few not so good but still I am on a green side with a nice profit. I hope you made some good money as well.
Have a good Sunday!
--Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 14 economic indicators. 6 of them hit the triggers that I sent to you. Let's review them...
1. Monday, Feb 01st (04:28 New York time) UK Manufacturing PMI (FAIL) (up to 30 pips loss)
The trigger for this indicator was 2.5. This means that if UK Manufacturing PMI comes out at 56.5 or higher, GBP/USD would probably go up by 30 pips or more in the first 45 minutes of the report. It did come out at 56.7, and GBP/USD moved up by about 15 pips, and then it was going up and down.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
2. Monday, Feb 01st (22:30 New York Time) AUSTRALIA
(SUCCESS)
I said if Australian interest rate comes out at 3.75% (which would mean they did not hike the rates), AUD/USD would probably go down by 70 pips or more in the first 45 minutes of the report. It actually came out at 3.75%, and AUD/USD moved down by about 50 pips. Not exactly 70 pips but I cannot say it was a failure either.
Here is what happened: Forex news trading currency exchange charts
3. Wednesday, Feb 03rd (4:28 am New York Time) UK Services PMI (SUCCESS) (Up to 45 pips)
I said if it comes out at 55.6 or less, GBP/USD will probably go down by 40 pips or more in the first 45 minutes of the report. It came out at 54.5 and GBP/USD moved down by about 45 pips. Here is the chart:
Forex news trading currency exchange charts
4. Wednesday, Feb 03rd (16:45 New York Time) New Zealand Unemployment (SUCCESS) (up to 85 pips)
I said if the New Zealand Unemployment comes out at 7.2 or higher, NZD/USD will probably go down by 30 pips or more in the first 30 minutes of the report. It actually came out at 7.3%, and NZD/USD went down by 85 pips. Here is the chart:
Forex news trading currency exchange charts
5. Wednesday, Feb 03rd (19:30 New York Time) Australia (SUCCESS) (up to 45 pips)
I said if Australian Retail Sales m/m comes out at -0.1 or more negative, AUD/USD would probably go down by 40 pips or more in the first 45 minutes of the report. It came out at -0.7, and AUD/USD went down by 45 pips. Here is the chart:
Forex news trading currency exchange charts
6. Friday, Feb 05th (7:00 am New York Time) Canada (PARTIAL SUCCESS/FAILURE)
I said if the Canadian Employment Change comes out at 30.4 or more, USD/CAD would probably go down by 40 pips or more in the first 45 minutes of the report. It actually came out at 43 but USD/CAD moved down by 25 pips only. It never retraced above the prerelease price within 45 minutes so I would not call it a failure although probably you did not make anything or you lost a few pips. Here is the chart:
Forex news trading currency exchange charts
It was a hard week with a few good reports and a few not so good but still I am on a green side with a nice profit. I hope you made some good money as well.
Have a good Sunday!
--Crazy Cat
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