Henry Liu
Former FPA Special Consultant
- Messages
- 473
Hey Folks:
Let me just start by saying Happy New Year 2011! I hope you all had a wonderful time and plenty of rests during the past few weeks, because you are going to need it as we kick off this new year1
As far as the market is concerned, I believe the general liquidity condition is still quite thin considering, therefore I'd warn everyone to use caution. I believe the main event for the week would be the NFP release on Friday, which will probably be the first official normal liquidity trading session for the year.
Here's what we'll be trading this week:
1. Mon. January 3, 2011 10:00am EST - US ISM Manufacturing PMI
Historical Data & Chart
2. Tue. January 4, 2011 4:30am EST - UK Manufacturing PMI
Historical Data & Chart
3. Wed. January 5, 2011 8:15am EST - US ADP NFP
Historical Data & Chart
4. Wed. January 5, 2011 10:00am EST - US ISM Non-Manufacturing PMI
Historical Data & Chart
5. Thu. January 6, 2011 4:30am EST - UK Services PMI
Historical Data & Chart
6. Thu. January 6, 2011 10:00am EST - CA IVEY PMI
Historical Data & Chart
7. Fri. January 7, 2011 7:00am EST - CA Employment Change
Historical Data & Chart
8. Fri. January 7, 2011 8:30am EST - US NFP Employment Change
Historical Data & Chart
As stated before, due to the market liquidity condition, I'd probably recommend to stay out of the market until next week. With most major pairs trading at historical high/low levels against USD, I believe reversal is inevitable, but the timing will probably be tricky. But since the market has moved significantly during the last 2 weeks, there should be plenty of opportunities to get in.
Thanks,
Let me just start by saying Happy New Year 2011! I hope you all had a wonderful time and plenty of rests during the past few weeks, because you are going to need it as we kick off this new year1
As far as the market is concerned, I believe the general liquidity condition is still quite thin considering, therefore I'd warn everyone to use caution. I believe the main event for the week would be the NFP release on Friday, which will probably be the first official normal liquidity trading session for the year.
Here's what we'll be trading this week:
1. Mon. January 3, 2011 10:00am EST - US ISM Manufacturing PMI
Historical Data & Chart
2. Tue. January 4, 2011 4:30am EST - UK Manufacturing PMI
Historical Data & Chart
3. Wed. January 5, 2011 8:15am EST - US ADP NFP
Historical Data & Chart
4. Wed. January 5, 2011 10:00am EST - US ISM Non-Manufacturing PMI
Historical Data & Chart
5. Thu. January 6, 2011 4:30am EST - UK Services PMI
Historical Data & Chart
6. Thu. January 6, 2011 10:00am EST - CA IVEY PMI
Historical Data & Chart
7. Fri. January 7, 2011 7:00am EST - CA Employment Change
Historical Data & Chart
8. Fri. January 7, 2011 8:30am EST - US NFP Employment Change
Historical Data & Chart
As stated before, due to the market liquidity condition, I'd probably recommend to stay out of the market until next week. With most major pairs trading at historical high/low levels against USD, I believe reversal is inevitable, but the timing will probably be tricky. But since the market has moved significantly during the last 2 weeks, there should be plenty of opportunities to get in.
Thanks,
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