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, German Business Climate numbers should create some movement in the market. From the UK, we also have preliminary GDP and we expect a deveation of 0.2 of the forecast number, that should create an immediate weakness in the GBP/USD. If it comes 0.8 it should create a strengh on the GBP/USD. Any number higher than expected of that 0.6, that would be 0.8 or higher would see a GBP react very positively. 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, We got Canada Core CPI at 7 am. the forecast is 0.12, previous 0.3, the unexpected is 0.3 so a deviation from the forecast number would create a good amount of of movement of the USD/CAD. A-0.2 would create weakness in the CAD while a 0.6 would create a strong CAD. Today we got a nice opportunity to sell CAD as we had previously announced in our audio yesterday. 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 Preliminary GDP 0.6 0.3 0.2
*GBP weak at 0.4 while strong at 0.6
(2) 07:00 am CAD Core Retail Sales 0.1 0.3 0.3
*CAD weak at -0.2 while strong at 0.4
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Filed under: Forex News
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