Henry Liu
Former FPA Special Consultant
- Messages
- 473
Hey Folks:
Sorry for a bit of delay, I guess a long weekend after a heavy week of trading does wonders for the soul. Anyways this week is going to be a huge contrast from last week, as I am only looking at 3 tradable news releases, and remember, I'll be posting a more detailed analysis on each of these events just a day prior to their schedule.
1. Tue Oct. 12, 2010 4:30am EDT - UK CPI y/y
Historical Data & Chart
2. Fri Oct. 15, 2010 8:30am EDT - US Core CPI m/m
Historical Data & Chart
3. Fri Oct. 15, 2010 8:30am EDT - US Core Retail Sales m/m
Historical Data & Chart
...and some untradable news events
This week could be the week where we are going to see some major paradigm shifts as the market has recently reached psychological / technical levels on most USD pairs. Combined with the fact that market was rather muted compared to the extreme negative headline release on Friday's NFP... These all lead me to believe that we should be seeing further consolidation in the USD.
Therefore, I would be looking particularly at shorting both EUR and AUD close to recent resistances.
Thanks,
Sorry for a bit of delay, I guess a long weekend after a heavy week of trading does wonders for the soul. Anyways this week is going to be a huge contrast from last week, as I am only looking at 3 tradable news releases, and remember, I'll be posting a more detailed analysis on each of these events just a day prior to their schedule.
1. Tue Oct. 12, 2010 4:30am EDT - UK CPI y/y
Historical Data & Chart
2. Fri Oct. 15, 2010 8:30am EDT - US Core CPI m/m
Historical Data & Chart
3. Fri Oct. 15, 2010 8:30am EDT - US Core Retail Sales m/m
Historical Data & Chart
...and some untradable news events
- Oct. 12, 2010 2:00pm EDT - US FOMC Meeting Minutes - Not tradable, but definitely important.
- Oct. 13, 2010 4:30am EDT - UK Claimant Count - Not Tradable due to random track records.
- Oct. 13, 2010 5:45pm EDT - NZ Retail Sales - Not Tradable due to track records.
- Oct. 14, 2010 8:30am EDT - US / CA Trade Balances, PPI, Unemployment Claims - All 2nd Tier data.
- Oct. 15, 2010 9:55am EDT - US Prelim UoM Consumer Sentiment - This may be tradable if we get a huge surprise, but it is already late into Friday, therefore I'll skip it.
This week could be the week where we are going to see some major paradigm shifts as the market has recently reached psychological / technical levels on most USD pairs. Combined with the fact that market was rather muted compared to the extreme negative headline release on Friday's NFP... These all lead me to believe that we should be seeing further consolidation in the USD.
Therefore, I would be looking particularly at shorting both EUR and AUD close to recent resistances.
Thanks,
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