Henry Liu
Former FPA Special Consultant
- Messages
- 473
Hey folks,
Unfortunately out of the 5 tradable news this week (listed below), we didn't get any tradable releases:
1. Tuesday July 13, 2010 (4:30am NY Time) - UK CPI y/y
Detailed History And Charts For UK CPI y/y
2. Tuesday July 13, 2010 (6:45pm NY Time) - NZ Retail Sales
Detailed History And Charts For NZ Retail Sales
3. Wednesday July 14, 2010 (8:30am NY Time) - US Core Retail Sales
Detailed History And Charts For US Core Retail Sales
4. Thursday July 15, 2010 (6:45pm NY Time) - NZ CPI q/q
Detailed History And Charts For NZ CPI q/q
5. Friday July 16, 2010 (8:30am NY Time) - US Core CPI
Detailed History And Charts For US Core CPI
But I did make a recommendation to SELL EUR/USD when it breaches the 1.3000 yesterday in my analysis for the U.S. Core CPI m/m release. If you were able to get in right around the 1.3000, you should be up 50 pips or more, depending on where you have gotten out of the market. Here is the chart:
I believe EUR/USD may stall at this level for a little bit, but the long/mid term view for this pair is definitely downwards. I wouldn't be surprised to see 1.2500 or even lower in the next few weeks, therefore I'd recommend taking some profits off the table and keep a portion of the trade running. You'll thank me later
Looking at the market today, we saw the collapse of risk appetite sentiment and a surprise drop in consumer confidence number, along with disappointing earnings figures when compared to a year ago from Bank of America and Citigroup, which led the market to a sharp sell off. With earning season getting on the way, we should expect more volatility next week.
I'll be preparing another post for the upcoming signals July 19~23, make sure you check it out on Sunday.
Thanks,
Unfortunately out of the 5 tradable news this week (listed below), we didn't get any tradable releases:
1. Tuesday July 13, 2010 (4:30am NY Time) - UK CPI y/y
Detailed History And Charts For UK CPI y/y
2. Tuesday July 13, 2010 (6:45pm NY Time) - NZ Retail Sales
Detailed History And Charts For NZ Retail Sales
3. Wednesday July 14, 2010 (8:30am NY Time) - US Core Retail Sales
Detailed History And Charts For US Core Retail Sales
4. Thursday July 15, 2010 (6:45pm NY Time) - NZ CPI q/q
Detailed History And Charts For NZ CPI q/q
5. Friday July 16, 2010 (8:30am NY Time) - US Core CPI
Detailed History And Charts For US Core CPI
But I did make a recommendation to SELL EUR/USD when it breaches the 1.3000 yesterday in my analysis for the U.S. Core CPI m/m release. If you were able to get in right around the 1.3000, you should be up 50 pips or more, depending on where you have gotten out of the market. Here is the chart:
I believe EUR/USD may stall at this level for a little bit, but the long/mid term view for this pair is definitely downwards. I wouldn't be surprised to see 1.2500 or even lower in the next few weeks, therefore I'd recommend taking some profits off the table and keep a portion of the trade running. You'll thank me later
Looking at the market today, we saw the collapse of risk appetite sentiment and a surprise drop in consumer confidence number, along with disappointing earnings figures when compared to a year ago from Bank of America and Citigroup, which led the market to a sharp sell off. With earning season getting on the way, we should expect more volatility next week.
I'll be preparing another post for the upcoming signals July 19~23, make sure you check it out on Sunday.
Thanks,
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