Henry Liu
Former FPA Special Consultant
- Messages
- 473
Hey folks:
It's Henry Liu here once again with this week's upcoming tradable releases. As usual, I'll be posting a more detailed analysis for each of the releases below just a day prior to the scheduled time. So make sure you check back in the Current Forex Trading Signals section.
1. Tue August 24, 2010 8:30am EDT - CA Core Retail Sales
Historical Chart & Data
2. Tue August 24, 2010 10:00am EDT - U.S. Existing Home Sales
Historical Chart & Data
3. Wed August 25, 2010 10:00am EDT - U.S. New Home Sales
Historical Chart & Data
4. Fri August 27, 2010 4:30am EDT - UK Revised GDP q/q
Historical Chart & Data
5. Fri August 27, 2010 8:30am EDT - US Prelim GDP q/q
Historical Chart & Data
And here are some untradable releases:
Looking at the market this week, this is how the market ended last week:
Undoubtedly the risk aversion sentiment is likely to continue as market should be selling EUR/USD and possibly pushing it down to the 1.2500 level. As far as higher yield currencies such as AUD and NZD, I believe they will also suffer if the risk aversion sentiment were to continue... Therefore I'd definitely be looking to SELL on any significant up moves...
AUD/USD around the 0.90000 level
EUR/USD around the 1.2850~1.2900 level
With both q/q GDPs from UK and US scheduled on Friday, I believe there might be a chance for some pre-news trading as we get closer to Friday. I'll be releasing a more detailed analysis in the coming days.
Thanks,
It's Henry Liu here once again with this week's upcoming tradable releases. As usual, I'll be posting a more detailed analysis for each of the releases below just a day prior to the scheduled time. So make sure you check back in the Current Forex Trading Signals section.
1. Tue August 24, 2010 8:30am EDT - CA Core Retail Sales
Historical Chart & Data
2. Tue August 24, 2010 10:00am EDT - U.S. Existing Home Sales
Historical Chart & Data
3. Wed August 25, 2010 10:00am EDT - U.S. New Home Sales
Historical Chart & Data
4. Fri August 27, 2010 4:30am EDT - UK Revised GDP q/q
Historical Chart & Data
5. Fri August 27, 2010 8:30am EDT - US Prelim GDP q/q
Historical Chart & Data
And here are some untradable releases:
- Wed August 25, 2010 8:30am - US Durable Goods - This release has been ignored for the last couple of years.
- Thu August 26, 2010 8:30am - US Unemployment Claims - Once again, this is a weekly report which has been ignored.
Looking at the market this week, this is how the market ended last week:
- EUR lost 0.5% against USD
- GBP lost 0.5% against USD
- CAD lost 0.5% against USD
- AUD remained unchanged
- NZD remained unchanged
- JPY gained 1.0% against USD
- CHF gained 1.5% against USD
Undoubtedly the risk aversion sentiment is likely to continue as market should be selling EUR/USD and possibly pushing it down to the 1.2500 level. As far as higher yield currencies such as AUD and NZD, I believe they will also suffer if the risk aversion sentiment were to continue... Therefore I'd definitely be looking to SELL on any significant up moves...
AUD/USD around the 0.90000 level
EUR/USD around the 1.2850~1.2900 level
With both q/q GDPs from UK and US scheduled on Friday, I believe there might be a chance for some pre-news trading as we get closer to Friday. I'll be releasing a more detailed analysis in the coming days.
Thanks,
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