Upcoming Signals Overview (June 27 ~ July 1, 2011)

[Henry Liu]

Hey Folks:

This week turned out to be another week driven by risk aversion as concerns of Greek debt crisis dominated the market... and once again it affected the Euro negatively. With Greece PM Papandreou having survived the No Confidence vote, which in turn paved the way for the Austerity Plan vote on Tuesday, the entire market is finally seeing some hope for the Euro and preparing for the inevitable rate hike in early July by ECB.

In the U.S., Bernanke and the rest of FOMC voted unanimously to keep rates unchanged and confirmed the ending of QE2 by June. Although Bernanke was playing down recent slew of negative economic data, market still remains optimistically cautions over the direction of the USD, especially considering Bernanke's comments of reserving the right for more stimulus and/or other "tools" at his disposal... All in all, market's take on the FOMC's statement was positive for the USD, as EURUSD dropped 200 pips within 24 hours of the press conference...

In Asia, RBA Minutes stated that rates will rise but not right away, as current monetary policy seems on target; China's Wen stated that inflation is under control, which added some demand for AUD as China is Australia's largest trade partner.

In Canada, BOC commented that Canadian economy is facing strong headwinds, which essentially drove down the CAD. Combine that with the recent decision to release the strategic oil reserve and the strength of USD after Bernanke, CAD's outlook is turning more and more bearish by the week.

Next week, we'll have a light economic calendar and the main market focus will be on the Greece Austerity Plan vote on Tuesday. With EU/IMF announcing an agreement today on the current 5 year Austerity plan, the passing of this bill will end the Greek saga and avert possible default concerns... I believe EURUSD may be positioned for gain as concerns over debt crisis ease this week, and demand for EURO rise on the back of speculation for ECB rate hike next week...

Here's the list of tradable news releases for next week:

1. Wed June 29, 2011 - 7:00am EST - CA Core CPI m/m
Historical Chart & Data

2. Thu June 30, 2011 - 8:30am EST - CA GDP m/m
Historical Chart & Data

3. Fri July 1, 2011 - 4:30am EST - UK Manufacturing PMI
Historical Chart & Data

4. Fri July 1, 2011 - 10:00am EST - US ISM Manufacturing PMI
Historical Chart & Data

... once again, let's not forget to focus on the ongoing development of the Greek saga.


Thanks,


http://images.forexpeacearmy.com/daily_signals/henry-sig.gif

 

[Huwee]

Folks,

I've updated my Google calendar with the release times above.

If you don't already have it, it gives you the following:

1. Translates the time into your local timezone
2. Allows you to see your personal appointments alongside when the news releases are happening
3. And if you have a Google Calendar account - notifications to your mobile phone via SMS (for free!)

Instructions (you only need to add this once and it will appear every week)

Adding to iPhone:

1. Send an e-mail to your iPhone with the e-mail body of "webcal://www.google.com/calendar/ical/06nlopqpjr7nnehhgc99igak6k%40group.calendar.google.com/public/basic.ics" (without the quotes and remove the extra space before the '.com')
2. On your iPhone, open the e-mail and click on the link.
3. When prompted "Subscribe to the calendar: 'FPA's Trading Signals'?", click "Subscribe".
4. Open your calendar and it will say "The Calendar 'FPA's Trading Signals' has been added"
5. Click "Done".

Adding to your own Google Calendar and setting SMS notification (see accompanying screenshots attached):

1. Log into your Google calendar and go to "Other Calendars"
2. Type in "06nlopqpjr7nnehhgc99igak6k@group.calendar.google.com" (without the quotes and the .com should be one word - you'll need to remove the space)
3. Now click on the drop-down for your newly added calendar "Henry Liu's Trading Signals". Click on "Calendar settings"
4. Click on the tab "Notifications". Fill in the reminders you'd like - E-mail, SMS and Pop-up.

If you don't see "SMS" as a drop-down option, you need to configure the settings for your mobile phone in Google. Go to your "Settings" (top right) and choose "Mobile Setup" or check Google Calendar Help.

I update this calendar based on news listed in the FPA & ForexFactory calendar (up to a few months in advance) and then update every week shortly after the official FPA trading signals come out, so you should only need to add the calendar once and from there on you'll get reminders every week to help you news trade

Hope this helps,

Huwee.