FxST Daily News Trading Strategy
Preparation is essential to finding success in Forex!
Below Chief Master Trader projects his expectations for tomorrows news events. See what the 14 year veteran will be watching closely and expecting during tomorrows Trading Sessions. Members will also have access to our analytical teams surprise factor used to give us another edge during major economic news events.
Part 1: [HTML1]
- London Session: For the London Session, plenty going at 3 AM EST. We can take into account on the Retail Sales from the UK. The number expected is 0.5 and the unexpcted is suprise factor 0.6 we expect. In such scenario we may expect a weaker GBP/USD. The market is waiting for some positive news. Overall the numbers we can rely is 1.1 to give the GBP a strong boost in the immediate future or the weaker GBP if we get -0.1. After logging in, members can find more videos explaining all of our trade Strategies an the 7-Day Scalpers Action Guide.
Part 2: [HTML2]
- New York Session: For the New York Session, Some news for the Canadian dollar, but nothing consistent we can rely on. At 2 PM Fed Chairman Bernake testifies at 2 pm in the afternoon, so be cautious about it at 2 PM EST. After logging in, members can find more videos explaining all of our trade Strategies an the 7-Day Scalpers Action Guide.
Forex Economic Report Cheat Sheet
Daily Forex Trading Strategy:
Strategy #1: Canadian retail sales to be released at 8:30 AM, forecasted at 0.5. the previous number suprised as it was negative as we expected a better number. We are looking for 0.6. As for the USD, Bernake said unemployment is not very good. the market is looking better news from anywhere. Take a look at oil prices as it has influence on the price of USD and CAD.
TIME (EST) Currency News Forecast Previous Unexpected
(1) 04:30 am GBP Retail Sales 0.5 0.6 0.6
*Weak GBP at -0.1 STRONG GBP at 1.1
(2) 08:30 am CAD Core Retail Sales 0.5 -1.2 0.6
*WEAK CAD at -0.1 STRONG CAD at 1.1
(3)10:00 am USD Existing Home Sales 5.18 5.66 400K
*WEAK USD at 4.78 STRONG USD at 5.58
*CAUTION THIS RELEASE MAY BE TROMPED WHILE BERNANKE TESTIFIES!
8:30am USD Unemployment Claims
9:30am USD Fed Chairman Bernanke Testifies
Filed under: Forex News
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