NEWS by Forexsoup

[karlis09]

Analysis for 20/01
US Existing Home Sales & NZ Retail Sales

17:00 (EU Time) Existing Home 4.88M(E) 4.68M(P) 0.4M(S) 50M
23:45 (EU Time) NZ Retail Sales 1.3%(E) -2.5%(P) 0.6%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)


NEWS TRADING

Thu January 20, 2011

[17:00 EU Time]

US Existing Home Sales is expected to remain unchanged from the
previous month as current market situation is showing signs of
bottoming out on the housing sector. Here's forecast:

Existing Home Sales Forecast 4.88M Previous 4.68M
ACTION: EURUSD SELL 5.3M / BUY 4.40M


[23:45 EU Time]

We'll be getting the Retail Sales figure out of New Zealand today,
since Retail Sales is a direct reflection of the economy, this
release is considered as an high impact release... Here's the
forecast:

23:45 (EU Time) NZ Retail Sales Forecast 1.3% Previous -2.5%
ACTION: NZD/USD BUY 2.0% SELL 0.6%

by Forexsoup

 

[karlis09]

AUD CPI q/q

2:30 (EU Time) AUD CPI q/q 0.7%(E) 0.7%(P) 0.3%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Mon January 25, 2011

[2:30pm EU Time]


Our plan to trade today's CPI release out of Australia will be to
look for opportunities for entry if we get a surprise in this
release, here is the current forecast:

2:30 AUD CPI q/q Forecast 0.7% Previous 0.7%
ACTION: AUD/USD BUY 1.0% SELL 0.4%

by forexsoup

 

[karlis09]

UK Prelim GDP q/q & CA Core CPI m/m

11:30 UK Prelim GDP q/q 0.5%(E) 0.7%(P) 0.3%(S) 50M
14:00 CA Core CPI m/m -0.2%(E) 0.0%(P) 0.3%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

NEWS TRADING

Tue January 25, 2011

[11:30 EU Time]

UK quarterly GDP release is always a high impact report. With this
being the Prelim release, or the first release of three, we are
likely to see more market participation. Here is the forecast number:

UK Prelim GDP q/q Forecast 0.5% Previous 0.7%
ACTION: (GBP/USD) BUY 0.8% SELL 0.2%


[14:00 EU Time]

CPI is also known as Inflation and our focus will be on the Core
Inflation figure, also known as CPI excluding Food and Energy, or
CPI ex Volatile Items...

Here's the forecast:

CA Core CPI m/m Forecast -0.2% Previous 0.0%
ACTION: USD/CAD BUY -0.5% / SELL 0.2%

 

[karlis09]

UK MPC Minutes, US New Home Sales, FOMC Rate, RBNZ Rate

11:30 UK MPC Minutes 1-0-8(E) 1-0-8(P) 2(S) 50M
17:00 US New Home Sales 300K(E) 290K(P) 70K(S) 50M
21:15 US FOMC Rate Decision N/A
22:00 NZ RBNZ Rate Decision 3.0%(E) 3.0%(P) 0.25%(S) 50M

E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)


NEWS TRADING

Wed January 26, 2011

[11:30 EU Time]


MPC Meeting Minutes is scheduled to be released today and since it
is customary for BOE (Bank of England) not to release a statement
along with its interest rate decision (2 weeks ago) if there were no
changes in either rate decision or APF (Asset Purchasing Facility,
UK's quantitative easing program), today will be the first time for
a glimpse into what took place during this meeting, here is the
forecast:

11:30 EU Time UK MPC Meeting Minutes Forecast 1-0-8 Previous 1-0-8
ACTION: GBP/USD BUY (2 Vote For Hike) / SELL (2 Vote For QE)


[17:00am EU Time]

U.S. New Home Sales usually follows the trend of Existing Home
Sales, therefore we are likely to see a strong release today. Here
is the forecast:

17:00 EU Time New Home Sales Forecast 300K Previous 290K
ACTION: SELL 370K EURUSD BUY 230K EURUSD


[21:15pm EU Time]

The Federal Reserve will probably not surprise the market today and
keep the current Federal Funds rate unchanged while leaving the 600
Billion Dollar stimulus in place as economy is showing moderate
signs of recovery.


[22:00pm EU Time]

RBNZ (Reserve Bank of New Zealand) will be releasing its interest
rate decision today and it is widely expected that Gov. Bollard will
keep rates unchanged today at 3.00%; here is the forecast:

22:00 (EU Time) RBNZ Rate Decision Forecast 3.00% Previous 3.00%
ACTION: NZD/USD BUY 3.25%

by Forexsoup