Ready for Non-Farm Payrolls Action Thursday

European Session
No. of signal recommendations: 2
End-of-session results: USD/CAD (0 pip) and EUR/JPY (-40)
Dynamic entries: no

Picked up some signals but didn't enter on those. I shall wait again for the better trade setups. Looking forward for some serious actions in tomorrow non-farm payrolls job report.

US Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (-70 pips), GBP/JPY (-5 pips) and CHF/JPY (+10 pips)

100-pip System
Dynamic entries: 3
Max profits:
EUR/USD: -
GBP/JPY: +40 pips
CHF/JPY: +30 pips

An exciting day in the forex market after all. We had mixed results for our 100-pip signals after the US economic news releases. It was a perfect action day for news trading. I hope we can get another strong reaction from tomorrow NFP job report.

News Trading Calendar 21.07.08 - 25.07.08

A modest week with economic data and we remain bearish on the US dollar. Let's hope we can pick up some good entries during our intraday scans.

Monday - 21 July (quoted in UK time)
8.15 am CHF PPI

Tuesday - 22 July
1.30 pm CAD Retail Sales

Wednesday - 23 July
9.30 am GBP MPC Meeting Minutes
11 am GBP CBI Industrial Orders
12 pm CAD CPI

Thursday - 24 July
9.00 am EUR German Ifo Business Climate Index
9.30 am GBP Retail Sales
3.00 pm USD Existing Home Sales

Friday - 25 July
9.30 am GBP Prelim GDP
1.30 pm USD Durable Goods Orders
3.00 pm USD New Home Sales

News Tading Calendar 02.04.08 - 02.08.08

Initial bias will remain on the US dollar downside this week as suggested by the daily charts.

Monday - 04 Feb (quoted in UK time)
9.30 am GBP Construction PMI
3.00 pm USD Factory Orders

Tuesday - 05 Feb
9.30 pm GBP Services PMI
3.00 pm USD ISM Non-Manufacturing Index

Wednesday - 06 Feb
1.30 pm USD Nonfarm Productivity
1.30 pm CAD Buildong Permits
3.00 pm CAD Ivey PMI

Thursday - 07 Feb
9.30 am GBP Industrial Production
12.00 pm GBP Interest Rate Statement
12.45 pm EUR Interest Rate Statement
1.30 pm EUR ECB President Trichet Speaks
3.00 pm USD Pending Home Sales

Friday - 08 Feb
12.00 pm CAD Employment Change

News Tading Calendar 01.28.08 - 02..01.08

A big week for the USD dollar with interest rate decision announcement on Wednesday and non-farm payroll report on Friday. Let's see whether we can stay ahead of the market movement.

Monday - 28 Jan (quoted in UK time)
3.00 pm USD New Home Sales

Tuesday - 29 Jan
1.30 pm USD Durable Goods
3.00 pm USD Consumer Confidence

Wednesday - 30 Jan
1.15 pm USD ADP Nonfarm Employment Change
1.30 pm USD GDP
7.15 pm USD Interest Rate Statement

Thursday - 31 Jan
1.30 pm USD Core PCE
1.30 pm CAD GDP

Friday - 1 Feb
9.30 am GBP PMI Manufacturing
1.30 pm USD Nonfarm Employment Change
3.00 pm USD ISM Manufacturing Index
12.00 pm CAD CPI

News Tading Calendar 01.21.08 - 01.25.08

No major influential news events scheduled on the US side. We have to rely on others for clues. Technical trading should be in focus and I will continue to take signals as planned.

Monday - 21 Jan (quoted in UK time)
8.15 am CHF PPI

Tuesday - 22 Jan
8.15 am CHF Retail Sales
1.30 pm CAD Retail Sales
2.00 pm CAD Interest Rate Statement

Wednesday - 23 Jan
9.30 am GBP GDP & MPC Meeting Minutes

Thursday - 24 Jan
3.00 pm USD Existing Home Sales
3.30 pm CAD Monetary Policy Report

Friday - 25 Jan
12.00 pm CAD CPI

Trade the News Entry on GBP Retail Sales

9.30 am GBP Worse than expected retail sales

Trade entry:
Time: 8.00 am
Direction: short
Technical Triggers: on both short- and long-term signal algorithms
Price: 1.9694
Target: 70 pips below
Stop: 40 pips above
Exit: 1.9617 (+77 pips)

I picked the setup this morning and it turned out to be a decent winner after the news event.

Trade the News Entry on USD Retail Sales

1.30 pm USD Worse than expected retail sales

Trade entry:
Time: 12.00 pm
Direction: long
Technical Triggers: on both short- and long-term signal algorithms
Price: 1.9643
Target: 60 pips above
Stop: 40 pips below
Exit: 1.9643 (+63 pis)

Trade entry:
Time: 12.00 pm
Direction: Short
Technical Triggers: on both short- and long-term signal algorithms
Price: 1.0139
Target: 60 pips below
Stop: 40 pips above
Exit: still open

Finally, a long-waited price action. The USD dollar fell sharply on very weak retail sales report, which was basically in line with the market bearish sentiment. The long GBP/USD position did very well, hitting above the set price target. This push the monthly gain to +132 pips so far.

News Tading Calendar 01.14.08 - 01.18.08

It could be interesting day Monday. My current stance on the US dollar is neutral. Let's see what's the software prediction going to be and I'll take it from there.

Monday - 14 Jan (quoted in UK time)
9.30 am GBP PPI

Tuesday - 15 Jan
9.30 am GBP CPI
1.30 pm USD Retail Sales

Wednesday - 16 Jan
1.30 pm USD CPI
1.30 pm USD TIC Net Long-Term Transactions

Thursday - 17 Jan
1.30 pm USD Housing Start
3.00 pm USD Fed Chairman Bernanke Speaks

Friday - 18 Jan
9.30 am GBP Retail Sales
3.00 pm USD Consumer Sentiment

News Tading Calendar 01.07.08 - 01.011.08

The USD dollar bearish sentiment managed to improve on Thursday and Friday last week, albeit slowly. In my opinion, the scheduled major economic events, such as the interest rate decisions and hints by the central bankers later this week, will basically decide the fate of the USD direction for the rest of this month.

Tuesday - 8 Jan (quoted in UK time)
3.00 pm USD Pending Home Sales

Wednesday - 9 Jan
1.15 pm CAD Housing Start

Thursday - 10 Jan
12.00 pm GBP Interest Rate Statement
12.45 pm EUR Interest Rate Statement
1.30 pm EUR ECB President Trichet Speaks
6.00 pm USD Fed Chairman Bernanke Speaks

Friday - 11 Jan
9.30 am GBP Industrial Production
12.00 pm CAD Employment Change
1.30 pm USD Trad Balance

Trade the News Entry on USD Non-Farm Payrolls

1.30 pm USD Lower than expected job report

No trade entry today as I didn't want to open positions which trade against the bearish USD sentiment this whole week. The poor job report just confirmed my bearish view as the dollar lost more ground after the news.

News Tading Calendar 12.31.07 - 01.04.08

It's make or break week for the USD dollar once again. Can the job reports released later this week finally come to rescue the poor sentiment around the USD dollar at present?

Monday - Dec 31 (quoted in UK time)
3.00 pm USD Existing Home Sales

Wednesday - 2 Jan
9.30 am GBP Manucturing PMI
3.00 pm USD ISM Manufacturing

Thursday - 3 Jan
1.15pm USD ADP Nonfarm Employment Change
3.00pm pm USD Factory Orders

Friday - 4 Jan
6.45 am CHF CPI
1.30 pm USD Nonfarm Employment Change
3.oo pm CAD Ivey PMI

Trade the News Entry on USD Durable Good Orders

1.30 pm USD Worse than expected durable good orders

Trade entry:
Time: 9.02 am
Direction: short
Price: 1.4488
Target: 80 pips below
Stop: 80 pips above
Exit: 1.4567 (-79 pips)

The USD dollar fell sharply on very weak durable good data.

Trade the News Entry on CAD Wholesale Sales

1.30 pm CAD Better than expected wholesale sales

Trade entry:
Time: 12.04 pm
Direction: long
Price: 1.0069
Target: 60 pips above
Stop: 30 pips below
Exit: 1.0050 (-19 pips)

The news came out not in my favour. I didn't wish this to repeat again.

Trade the News Entry on GBP CPI Report

9.30 am GBP Lower than expected CPI

Trade entry:
Time: 8.00 am
Direction: Short
Price: 2.0196
Target: 50 pips below
Stop: 50 pips above
Exit: 2.0141 (+55 pips)

I was holding a short position into the news announcement. The news came out in favour of this morning technical setup.

News Event Calendar 12.17.07 - 12.21.07

Monday - Dec 17 (quoted in UK time)
1.30 pm USD Empire State Business Conditions Index
2.00 pm USD TIC Net Long-Term Transactions

Tuesday - Dec 18
8.15 am CHF Retail Sales
9.30 am GBP CPI
12.00 pm CAD CPI

Wednesday - Dec 19
9.30 am GBP MPC Meeting Minutes

Thursday - Dec 20
9.30 am GBP GDP
1.30 pm USD GDP
5.00 pm USD Philadelphia Fed Manufacturing Index

Friday - Dec 21
9.30 am GBP Retail Sales
1.30 pm CAD GDP

News Event Calendar 12.10.07 - 12.14.07

Monday - Dec 10 (quoted in UK time)
1.15 pm CAD Housing Starts

Tuesday - Dec 11
7.15 pm USD Interest Rate Statement

Wednesday - Dec 12
1.30 pm USD Trade Balance

Thursday - Dec 13
8.30 am CHF Interest Rate Statement
1.30 pm USD Retail Sales / PPI

Friday - Dec 14
1.30 pm USD CPI

Trade the News Entry on USD Non-Farm Payrolls

1.30 pm USD Slightly better than expected job report

Trade entry: USD/JPY
Time: 12.57 pm
Direction: Long
Price: 111.52
Target: 70 pips above
Stop: 35 pips below
Exit: 111.70 (+18 pips)

Trade entry: EUR/USD
Time: 12.57 pm
Direction: Short
Price: 1.4638
Target: 70 pips below
Stop: 35 pips above
Exit: 1.4674 (-36 pips)

Trade re-entry: EUR/USD
Time: 1.47 pm
Direction: Short
Price: 1.4659
Target: 70 pips below
Stop: 35 pips above
Exit: 1.4660 (-1 pips)

What a disappointment! The number was not as strong as suggested by the earlier ADP employment report. Tricky and lame price action once again.

Trade the News Entry on CAD Employment Report

12pm CAD Stronger than expected increase in employment

Trade entry:
Time: 11.40 pm
Direction: Long
Price: 1.0124
Target: 70 pips above
Stop: 35 pips below
Exit: 1.0027 (-98 pips???)

Bad brokering and non-guarantee stop. I saw the fast-changing price but the execution platform just stopped functioning. Speechless now.

Job Report Day for CAD and USD

How to trade November non-farm payrolls?

My strategy: The dollar has been strengthening for the better part of this week, hence I am looking forward to buy more USD dollar. I will be assessing the price action for this morning and most impotantly waiting for the signal confirmation from the signal software.

Trade the News Entry on GBP Interest Rate Announcement

12:00 pm GBP Surprise rate-cut to 5.5% from 5.75%

No trade entered.

The signal software has been pointing to GBP weakness the whole morning. Well, I missed a chance to enter based on that. Luckily, my own EA system has managed to pull a winner from this news event.

I am still looking after this morning positions.