Henry Liu
Former FPA Special Consultant
- Messages
- 473
Hey Folks:
This week is going to be crucial for the greenback as we have two high impact yet trend changing events scheduled. First, we'll get a quick glimpse over at FOMC on Wednesday during the 2:15pm FOMC Federal Funds Rate decision, and then on Friday, we'll get the 4th quarter GDP release at 8:30am. Since this is the Adv. GDP release, or the first release of three, market is definitely prepared to react with heavy volatility... And of course, whatever direction market decides to go, it is likely to remain in that direction until the next major release, which may be in late February (assuming NFP comes out as expected)...
Aside from these two major releases, we also have other high impact news from UK, Australia, and New Zealand, here's the list:
1. Mon January 24, 2011 - 7:30pm EST - AU CPI q/q
Historical Data and Chart
2. Tue January 25, 2011 - 4:30am EST - UK Prelim GDP q/q
Historical Data and Chart
3. Tue January 25, 2011 - 7:00am EST - CA Core CPI m/m
Historical Data and Chart
4. Wed January 26, 2011 - 4:30am EST - UK MPC Minutes
Historical Data and Chart
5. Wed January 26, 2011 - 10:00am EST - US New Home Sales
Historical Data and Chart
6. Wed January 26, 2011 - 2:15pm EST - US FOMC Rate Decision
Historical Data and Chart
7. Wed January 26, 2011 - 3:00pm EST - NZ RBNZ Rate Decision
Historical Data and Chart
8. Fri January 28, 2011 - 8:30am EST - US Adv. GDP q/q
Historical Data and Chart
... of course there are some other high impact releases scheduled on Thursday, but because of the unreliable historical track record, I'll just skip those releases (US Core Durable Goods, Unemployment Claims, and Pending Home Sales).
In conclusion, I believe that the focus of the week lies on the FOMC Statement and U.S. Adv. GDP release, and because these two high impact news could change the short to mid term trend of the market, I'd recommend everyone to pay close attention to how the market reacts to them.
Thanks,
This week is going to be crucial for the greenback as we have two high impact yet trend changing events scheduled. First, we'll get a quick glimpse over at FOMC on Wednesday during the 2:15pm FOMC Federal Funds Rate decision, and then on Friday, we'll get the 4th quarter GDP release at 8:30am. Since this is the Adv. GDP release, or the first release of three, market is definitely prepared to react with heavy volatility... And of course, whatever direction market decides to go, it is likely to remain in that direction until the next major release, which may be in late February (assuming NFP comes out as expected)...
Aside from these two major releases, we also have other high impact news from UK, Australia, and New Zealand, here's the list:
1. Mon January 24, 2011 - 7:30pm EST - AU CPI q/q
Historical Data and Chart
2. Tue January 25, 2011 - 4:30am EST - UK Prelim GDP q/q
Historical Data and Chart
3. Tue January 25, 2011 - 7:00am EST - CA Core CPI m/m
Historical Data and Chart
4. Wed January 26, 2011 - 4:30am EST - UK MPC Minutes
Historical Data and Chart
5. Wed January 26, 2011 - 10:00am EST - US New Home Sales
Historical Data and Chart
6. Wed January 26, 2011 - 2:15pm EST - US FOMC Rate Decision
Historical Data and Chart
7. Wed January 26, 2011 - 3:00pm EST - NZ RBNZ Rate Decision
Historical Data and Chart
8. Fri January 28, 2011 - 8:30am EST - US Adv. GDP q/q
Historical Data and Chart
... of course there are some other high impact releases scheduled on Thursday, but because of the unreliable historical track record, I'll just skip those releases (US Core Durable Goods, Unemployment Claims, and Pending Home Sales).
In conclusion, I believe that the focus of the week lies on the FOMC Statement and U.S. Adv. GDP release, and because these two high impact news could change the short to mid term trend of the market, I'd recommend everyone to pay close attention to how the market reacts to them.
Thanks,
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