CA GDP

NEWS TRADINGFriday March 30, 2012[8:30am NY Time]


Canada´s monthly GDP report will be released today. Here´s
the trading forecast:

8:30am NY Time Canada GDP m/m
Forecast 0.1% Previous 0.4%
ACTION: USD/CAD SELL 0.4% / BUY -0.2%The Trade PlanLet´s look to SELL USD/CAD if we get a 0.4% or better
release, or we'll BUY USDCAD on a -0.2% or worse release.
With recent uncertainty in the commodity space, a strong
fundamental such as the GDP figure may be the catalyst we
need to see more volatility in CAD.


DefinitionGDP is defined (by wikipedia) as: “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.”

USD/CAD is my official pair for this trade, and this pair doesn´t give up retracement easily. In the event that we get a strong release, expect USD/CAD to spike, stall, and then spike again. We may see some limited retracement, if any. The strategy to trade this release is usually just get in as soon as possible and let it ride.


Book : Currency Trading for Dummies - Brian Dolan

Book : Profiting with Forex - John JAGERSON

Book : Forex Essential in 15 Trades - John M. Bland

New Forex HIT from Rita Lasker is LIVE!

The latest Forex HIT from Rita Lasker and Green Forex Group has just been launched - FOREX AmeroBOT EA is live now!




This is a  long-awaited product that allows you to double your deposit in just 2 months!
Judge for yourself:
Click Here to Get Started Now

Unique innovative features:


* Intelligent adaptive Money Management system!!!
* SMART technology - Self-improvement and Self-correction
* SAFE algorithm – “install and forget”
* PROFITABILITY. You will not need any other robot. It will be your best Forex assistant”


NOTE: They are offering  30% discount for customers and super BONUS, but the sale will last only until April 1st, 2012.


Click Here for * INSTANT* Access


Rita's support team is 24/7/365 on-line, so you can ask them at ANY time if you need any help.
Just send an email to: support@ritalasker.com.

All the Best,   Mark

Great News ! EA Volatility Factor

new EA : Click Here

A Forex Tool That Always Delivers


Everyday I get "pitched" new tools that supposedly will save the world.

All of them are god's gift to traders.


Most of them fall short – until now.


For the last few weeks I've been using the Volatility Factor EA .  I stared it off with a demo account and quickly moved it to real money trading.


I've gotta tell you – Volatility Factor EA just flat out works.


It's has a special algorithm that exploits the general market trend.  It initiates your trades based on market volatility and rides the trend for all it's worth.


I've never seen an EA extract so many pips out of a single trade.


Unlike other EA's, I didn't have to baby sit this one during the trading session.  I just set my risk parameters and went about my business.


This is the exact tool that I've been waiting for.


The best part is that my results aren't a fluke.


The Volatility Factor team took the time to put the tool through years of torture testing to make sure it was ready for prime time.  I love it when a team actually trades with their own tool!


Like I said, Volatility Factor EA is the real deal.


I want you to stop what you are doing and go here for the details:
Click Here

Please don't take this recommendation lightly.  I'm famous for publicly humiliating Fx tool makers that don't measure up to my high standards.
I'm happy to say that Volatility Factor EA exceeded my expectations.


Take a look at it now


New EA Click Here

Don't wait on this.  I'm not sure how long Volatility Factor will be available at it's current price.


Here's the link one more time

Click Here

Volatility Factor EA is not a bargain basement throw away robot.  It's a premium trading tool used by serious traders.  Keep that in mind when you investigate it for yourself

New EA

All the Best .... Mark

US NEW HOME SALES

Forex News Analysis For US New Home Sales 03/23/12

[10:00am NY Time]

US New Home Sales usually follows the trend of Existing Home
Sales, therefore we´re likely to see an inline release today.

Here is the forecast:
10:00am NY Time New Home Sales
Forecast 325 Previous 321K
ACTION: 400 BUY USDJPY/ 250 SELL USDJPY

Definition of New Home Sales
“Measures the annualized number of new residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation´s currency because the housing market is a leading gauge for the overall economy. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more workers to meet demand.”

The Trade Plan
We´ll trade this release using a deviation of 70K; if the release is lower, it would strengthen USD aversion sentiment and we should look to SELL USDJPY. A stronger number could provide temporary support for the pair and we may see a slight rally in USD therefore we should look to BUY USDJPY


The Market
Today´s release of US New Home Sales is likely to fall inline with analysts’ expectation of around 325K as recent data in the housing market is showing signs of bottoming… with Home Prices remaining relatively unchanged but considering the improvements in the jobs market, I believe it is just a matter of time for the housing market to improve.
Housing market is extremely important for the economy… therefore, if we start to see a trend in the housing figures, it would be confirmation for economic recovery.


Book : The Three Secrets to Trading Momentum Indicators - David Penn


Book : Learn How to make $1,5 Million with $500 using Simple Wave - Emmanuel Chin

CASH BACK FOREX earn with your Broker

CA CORE CPI

Forex News Trading Canada Core CPI 03/23/12

CPI is also known a 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:
7:00am CA Core CPI m/m
Forecast 0.3% Previous 0.2%
ACTION: USDCAD BUY 0.0% / SELL 0.6

DEFINITION:“CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times and estimates of the shares of the different expenditures in the total covered by the index which are usually based upon expenditure data obtained for sampled periods from a sample of households (Wikipedia).” It is also known as the “True Cost of Living”.


The Trade PlanThe Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.3%. Therefore, look for tradable figures of 0.0% or worse to BUY USD/CAD, or a +0.6% or better to SELL USD/CAD.


The MarketWith the tension in the Middle East and the rise in commodity prices, CAD is likely to remain heavy and well supported… however, because of the proximity with the US, we may not see much volatility in the USDCAD pair, but pairs such as CADJPY or EURCAD, we should expect further CAD strength.

Book : The Secret of Economic Indicators - Bernard Baumohl


Book : Market Indicators - Richard Sipley

CA CORE RETAIL SALES

NEWS TRADINGThursday March 22, 2012


[8:30am NY Time]


Retail Sales is usually a very tradable release as traders
draw direct correlation between retail activities with
economic health.

Here´s Forecast:

8:30am Core Retail Sales
Forecast 0.5% Previous 0.0%
ACTION: USD/CAD BUY 0.0% / SELL 1.0%


USD/CAD is the recommended pair, if we get a strong deviation, don´t expect much retracement. Also pay attention to the parity level as the current market is just around that level.




Definition
Our focus is on the Core Retail Sales release and not the headline Retail Sales release; Retail Sales releases from Canada is a month on month release, and basically it´s a measurement of the activities at the retail level of Canada, and the Core release is the same Retail Sales but excluding most volatile components, Automotive Components, which makes up about 25% and it varies seasonly. A better release generally means more consumer spending, which leads to better economy, thus better for its currency. And the CORE reading provides a far more accurate look of the actual economy.

The Trade Plan
I´m going to be looking for a deviation around 0.4 ~ 0.5% for this news. Since the forecast is at 0.5%, a reading of 0.0% would be negative for the CAD and we´ll be looking to BUY USD/CAD; however, if the opposite is true, or a 1.0% (or better) of actual release, I´ll be looking to SELL USD/CAD.

Book : Beyond Candlesticks - Steve Nison

Book : Japanese Candlestick Charting Techniques - Steve Nison

STEALTH FOREX SIGNALS..... Great performance...

UK RETAIL SALES

NEWS TRADINGThursday March 22, 2012[5:30am NY Time]


Today´s Retail Sales number from UK will be widely watched
as this is a high impact yet very tradable report. Here is
the forecast for this release:

5:30am (NY Time) UK Retail Sales
Forecast -0.5% Previous 0.9%
ACTION: GBP/USD BUY 0.1% SELL -1.0%


GBP is bearish due to its fundamental outlook. However, I do feel that most of the negativities have been priced in at the current level… Therefore, news like the Retail Sales are going to play a pivotal role for the short-term.



The Trade PlanThe monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it´s currency; a lower release is considered negative for the economy and not good for it´s currency.
Our tradable deviation or surprise factor for UK Retail Sales is 0.6% to BUY and -0.5% SELL. If our deviation is hit, we can expect the market to move at least 50 pips within the hour, with a historical accuracy of 72%. We´ll be looking to BUY GBP/USD if we get any positive figure (at least 0.1%), and SELL GBP/USD if we get -1.0% or worse.

Book : The Little Book of Economics. - Greg Ip

Book : Trading in The Zone - Mark Douglas

STEALTH FOREX SIGNALS...... Great performance...

Trading Forex – AUD/JPY Coming Close to 90.00

With a massive bull-run over the last couple of weeks, AUD/JPY is currently trading at the 88.20 mark, quickly getting closer to the 90.00 level. Now for those trend-following traders out there, this will probably look like a very bad idea, but the 90.00 level is clearly a key level in terms of historical support and resistance; I believe this might be a good place to look for a possible short trade, and if nothing else, at least a good level to close your current long positions if need be.
Judging solely from a technical perspective, there is a good opportunity for a pullback before continuation, after a move like we have seen recently. In addition to this, the pair is as mentioned above, running into some serious resistance around this level, where we are likely to see at least a bounce.

One thing to keep in mind is that by going in on a short trade you clearly have the roll rates against you as you will be selling a high-yielding currency and buying the opposite. However, I think we are likely to see a strong bounce and that should make up for any swap costs.


CASH BACK FOREX earn with your Broker

NZ GDP

NEWS TRADING
Wednesday March 21, 2012


[5:45pm NY Time]

We'll be getting the quarterly release of New Zealand's GDP,
and because it is a quarterly release, market tends to pay
more attention to it, thus more volatility is expected.
Here's forecast:

5:45pm NZ GDP q/q
Forecast 0.6% Previous 0.8%
Action: NZD/USD BUY 0.9% SELL 0.3%



Definition“Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy. A rising trend has a positive effect on the nation’s currency. GDP is the broadest measure of activity and the primary gauge of the economy’s health. To foreign investors, a strong economy is viewed favorably because it spurs investment opportunities in the domestic stock and bond markets. More importantly, the central bank is more likely to raise interest rates in the face of a strong and growing economy. The combination of these effects can have a large impact on the demand for the nation’s currency.”


The Trade PlanThe expected consensus number is 0.3%, and the safe deviation is 0.3%, in the event it is hit, we should see market move 40 pips within the hour.
We’ll be looking to BUY the NZDUSD if the release is at 0.9% or better, or we’ll SELL NZDUSD is the release is 0.3% or worse. We’ll be using our standard after-news retracement trading method.

Book: STEVE JOBS : A Biography - Walter Isaacson

Book: The LITTLE BOOK of CURRENCY TRADING - Kathy Lien

US EXISTING HOME SALES

NEWS TRADINGWednesday March 21, 2012
[10:00am NY Time]
US Existing Home Sales is expected to rise slightly from the
previous month as current foreclosure rate is still
remaining resiliently high. Here's the forecast:

10:00am Existing Home Sales
Forecast 4.60M Previous 4.57M
ACTION: USDCHF BUY 5.00M / GBPUSD BUY 4.20M

Definition:“Measures the annualized number of existing residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation’s currency because large purchases tend to be made by consumers that are optimistic and confident in their financial position. The sale of a home also triggers commissions for real estate agents, and often home owners will purchase goods such as appliances and furniture shortly after purchasing a home.



The Trade PlanBecause the Housing sector is one of the most focused news events out of the US, this release will certainly cause some volatility in the market, especially if our tradable figures (+/- 400K) were hit. With the focus of the nation, and of the world, on the status of U.S. housing sector, this release may bring about a strong sentiment of risk appetite/aversion if our BUY/SELL trigger is hit…
If our buy tradable deviation is hit, or 5.00M figure is released, we should look to BUY USDCHF after the release. If our sell tradable deviation is hit, or 4.20M figure is released, we should look to BUY GBPUSD.

Book: SENTIMENT in the FOREX MARKET - Jamie Saettele

Book: SELECTIVE FOREX TRADING - Don Snellgrove

UK MPC Minutes

NEWS TRADINGWednesday March 21, 2012[5:30am NY Time]




MPC Meeting Minutes is scheduled to be released today and
since it´s 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 to 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:

5:30am NY Time UK MPC Minutes
Forecast 0-0-9 Previous 0-0-9
ACTION: N/A



The Trade PlanWe will be looking at the vote count today but because of the current economic situation in UK and the uncertainty of the overall market view on Sterling, I’d recommend to sit on the sideline or follow me in the traderoom to trade this release. Due to the nature of this release, you need to have a newswire or audio service in order to trade it. If we see a steady market reaction after the release, it may very well carry over to the NY Session, therefore I’d wait for 5 minutes before even deciding on a trade. If market moves steadily, then I will use the double-fibonacci method and follow that trend.

Book: GETTING STARTED in FOREX TRADING STRATEGIES - Michael D. Archer

Book: BEAT the ODDS in FOREX TRADING - I.R. Toshchakov

UK CPI

Forex News Trading UK CPI y/y 03/20/12

4:30am NY Time UK CPI y/y Forecast 3.4% Previous 3.6%
ACTION: GBP/USD BUY 3.8% / SELL 3.0%


Definition“CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times and estimates of the shares of the different expenditures in the total covered by the index which are usually based upon expenditure data obtained for sampled periods from a sample of households Wikipedia).” It is also known as the “True Cost of Living”.


The Trade PlanWe are looking for a variable deviation of 0.4%. If the Inflation number remained above 3.8%, which is beyond BOE´s inflation target, we will BUY GBP/USD. If the Inflation number decreases to 3.0% or less, we´ll look to SELL GBP/USD. Historically, even with a slight difference of 0.1%, market usually overreacts. If our deviation is hit, there is a strong possibility that the market will move 50 pips immediately.
We´ll be looking to trade this release using my after-news retracement method. We´ll wait for the release, wait for market spike, and then wait for a decent retracement before jumping in.

BROKER REVIEW

Broker : 4 RUNNER FOREX


http://www.4runnerforex.com/cgi-bin/affiliates/clickthru.cgi?id=markruinart

Review:

Trading for 3 months at 4runner. Instant Execution is a plus here. Customer service is the best they respond within minutes. And they treat you like a VIP even though I only deposit less then $1,000. Website is informative and I pick them cause they allow scalping and ea with metatrader This is one of the honest companies in Forex. Highly recommend for anyone looking for a pure ecn/stp trading One thing cool I noticed. You can put stop loss and take profit as close to market as you want, absolutely essential for scalpers and I am Absolutely amazed at speed of their servers, very nice staff and knowledgeable when you need any help. I've used about 7 different brokers in the past and so far these guys have the best execution I have seen. I'm using EA fabturbo with scalping. I find it very profiable here as execution is good. Any problem they used to have were fixed and now my forex friends are trading here. Good trading broker for new traders and EA traders. Excellant service, no slippage for me and I am regular scalper, 300:1 and NO NFA stupid rules. i think these guys will prosper in the future if they keep on the same mood helping their clients, staying with the true stp execution. More information CLICK HERE : http://www.4runnerforex.com/cgi-bin/affiliates/clickthru.cgi?id=markruinart Good trading

US CORE CPI

NEWS TRADING

Friday March 16, 2012

[8:30am NY Time]
We´ll be trading US Core CPI m/m release tomorrow. CPI or
Consumer Price Index, also known as the "true cost of
living", is what drives Central Banks to raise/cut interest
rate, therefore this release will be widely watched. Here´s
the forecast for the CPI:

8:30am (NY Time) US Core CPI m/m
Forecast 0.2% Previous 0.2%
ACTION: 0.4% BUY USDCHF

DEFINITION:“CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times and estimates of the shares of the different expenditures in the total covered by the index which are usually based upon expenditure data obtained for sampled periods from a sample of households wikipedia).” It is also known as the “True Cost of Living”.

THE TRADE Plan
Our minimum tradable deviation for this release is 0.2%; if the release number (core) increases to a minimum 0.4% then we will BUY USD/CHF. If the CPI number decreases to 0.0% or less, we´ll stay out of the market as the current market is pro USD. Historically even at a difference of 0.1%, market is likely to exaggerate its move, therefore if either of our tradable releases is hit, there is about 80% of chance market will move 50 pips within the next 90 minutes or so.

Be aware of retracement to 1,3119

Good morning  Traders,

although   bearish context holds, market now stands at important level and we have to keep a close eye on it, since retracement could happen as high as to 1.3119 level.

US FOMC INTEREST RATE

Forex News Analysis US FOMC Interest Rate 03/13/12

Time: 02:15 pm (NY time)

Today’s FOMC Meeting will probably not surprise the market as much… Prepared to be disappointed if you are expecting another round of bond purchases, or Quantitative Easing, as current

market climate has improved and it may just be premature to expect another round of QE3; on the other hand, if you are expecting the Feds to be hawkish and perhaps raise speculations on rate hikes, think again!  Bernanke is on a mission to keep rates long until 2014, just a few months of positive NFPs is NOT ENOUGH for big Ben to change his mind… 
As a matter of fact, looking at the central tendencies and ranges in economic projections released during the last FOMC meeting, I believe there is a very little chance for the FOMC to say anything else, but to stick to their own projections…
However, with the recent positive over 200K NFP figures and the sharpest rate of drop in history for the US Unemployment rate from 9.8% down to 8.3%, the Fed will probably refrain from any immediate QE announcements, but don’t expect the Fed to put it on the backburner, as QE3 is still very alive and well in my opinion, just not for this meeting, or the next.

US CORE RETAIL SALES

Forex News Trading US Core Retail Sales 03/13/12

DEFINITION:“(Retail Sales Core) Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.”


Here´s the forecast:8:30am (NY Time)    US Core Retail Sales Forecast 0.8% Previous 0.7%
ACTION: 1.3% BUY USDJPY / 0.2% BUY GBPUSD

The Trade Plan
The plan to trade this release is straight forward. We are going to wait for 1.3% release or better to BUY USD/JPY, or a 0.2% or worse to BUY GBPUSD. If we get a in-between release, we´ll need to look at the pre-release market condition and sentiment in order to make a decision, or just stay out of the market altogether

CA EMPLOYMENT CHANGE

CA Employment Change 03/09/12

7:00am (NY Time) CAD Employment Change Forecast 15K Previous 2.3k
Unemployment Rate 7.6%
ACTION: EURCAD SELL 50K / BUY USDCAD -5K

The Trade PlanThe Canadian Employment Change report will be released at 7:00am sharp today. What I am looking for is a minimum deviation of around 25K, or the difference between the Forecast number (15K) versus the actual release number; if we get a positive 40K of release, we should see demand for the CAD rise, therefore we should SELL EUR/CAD; however, if we get a negative deviation, such as -10K or worse, we should see some weakness in the CAD, and that will be my cue to BUY USD/CAD pair.
I´ll also pay close attention to the unemployment rate, which is expected remain unchanged at 7.6%. As long as this number does not conflict with the Employment Changes, we should follow the direction of the news release. If we get a conflict, such as better Employment Changes but higher Unemployment Rate, then we´ll need to look at the context of the market before taking the trade.

Additional ThoughtsUSDCAD is a slow moving currency pair, it will move on a strong deviation, but retracement is usually non-existent or very small… Therefore, if we get a strong release, especially when it is going with the pre-market trend, a sooner than later entry should add more pips to your account. Expect to see a spike down -> stall -> another spike down…

US Nonfarm Payroll (NFP) Employment 03/09/12

8:30am (NY Time) US NF Employment Forecast 210K Previous 243K
8:30am (NY Time) US Unemployment Rate Forecast 8.3% Previous 8.3%
ACTION: 280K SELL AUDUSD / 140K BUY EURUSD

The Trade PlanTodays NFP Employment Change release is forecasted at 210K. The ADP employment report came out slightly better than expected at 216K vs 205K. The Unemployment Rate is expected to remain at 8.3%. If we get a significantly lower release on the NFP (140K or worse) and slightly higher Unemployment Rate (8.5% or worse), I´d be looking to BUY the AUD (or EUR), or go long on AUDUSD (or EURUSD). On the other hand, if we get a positive NFP release (280K or better) and the Unemployment Rate remains ator below 8.3%, USD should strengthen immediately and I would SELL AUDUSD or EURUSD .
If we get a conflicting release, then well wait and see how the market reacts first. If there is an overwhelming sentiment driving the market, well get plenty of opportunities for an entry if we just wait for 5 minutes after the release; you´ll get a much clearer view.

Forecast: +210K
Previous: +243K
LT1 (Lower Trigger 1): --- [SELL]
UT1 (Upper Trigger 1): --- [BUY]

Based on 94 estimates, median estimate is 210K and the average estimate is 212K. The lowest estimates are 125 K and 130K (one vote each), and then next lowest is 170K (one vote). The highest estimate is 275 K (two votes), and then 255K (one vote). One standard deviation is +/- 25 K.

This time I don't want to make recommendations on this report. I hope we will have a nice deviation again to see how it's going to react. I was not impressed how it worked last month. Part of the reason why the price action is so muted is because it is expected there will be no interest rate changes this year period - so it doesn't really matter if it comes out good or bad yet. I hope it's going to be a few more months like this and maybe then we will see U.S. reports back performing well like they used to a few years ago.

If you want to scalp, I guess you can try +/- 60K triggers. I can't really see how you can lose money although certainly there is always some risk involved.

Last month it came out at 243K vs 140K expected but we only saw about 15 pip spike within first minute on USD/JPY, although then the price was slowly but surely going up.

Two months ago we had a deviation of about +50 K but USD/JPY did not make impressive move - it moved by about 10 pips.

Three months ago it came out as expected so it was a no trade.

Four months ago it came out too close to expectations so it was a no trade.

Five months ago it came out at 103K vs 73K expected, and USD/JPY moved up by a bit over 20 pips. It was a no trade anyway.

Six months ago it came out at 0K vs +68K expected and we only saw about 30 pip spike. It was a little bit disappointing.

Seven months ago we didn't have a huge deviation but for some reasons the price was going down before the announcement that came out better than expected, causing a massive spike up on USD/JPY. That was very unusual.

Eight months ago came out at +18 K vs. +90 K expected (-72 deviation) with no deviation on unemployment rate, and USD/JPY moved down by over 65 pips, and the total move within the first 30 minutes was almost 100 pips.

Nine months ago it came out at 54 K vs 165K expected, and we saw over 40 pip move on USD/JPY. It seems the number was leaked or highly anticipated because USD/JPY was going down minutes before the report too. It was a really nice move considering conflicting unemployment rate that grew from expected 8.9% to 9.1%.

Ten months ago it came out at 244 K vs 185 K expected, and we saw about 50 pip spike on USD/JPY, despite of conflicting deviation on unemployment rate. It was a good price action but such conflicts can screw up the trade really badly.

As always, there is also a possibility of a nice conflict with the Revision number.

Please remember that a deviation of 0.2 on the unemployment number can move USD/JPY on its own. A positive deviation of unemployment rate is bad for USD because it means higher unemployment. However, a positive deviation on the employment change or revision is good for USD because it means more people got jobs.



Good luck!

v

Non Farm Payrolls - 9 March 2012

 Friday sees the release of the US jobs data (Non-farm payrolls). This represents unemployment data in the US and is the most prominent and probably the most important economic data release across the financial markets.
Definition: Nonfarm payroll employment

The number gives an estimate of all jobs created at non-farm business establishments and state agencies. Other data, such as the unemployment number, average hours worked, average weekly earnings and average hourly earnings are also measured. The figure is released on the first Friday of the calendar month, with the data representing the previous month’s figures. The non-farm payrolls is the headline number, with the unemployment figure the other key number.

Market Consеnsus:

Previous		Expected
Non – Farm payrolls	243,000	215,000
Unemployment Rate	8.3%	8.3%

Significance of the data

The jobs data provides a comprehensive look at the health of the world’s leading economy, with job creation a key catalyst for increased consumer confidence and consumer spending. Trends in earnings and hours worked provide key information about the strength or weakness of the labour market in the US.

Market Moving

The release of such important data can result in significant market movements on the financial markets across an array of asset classes. Major currency pairs such as Eur/Usd can see swings of 100-150 pips over short periods of time. This can provide ample opportunities for traders to profit from such swings, however such volatility can also create significant risk for novice and experienced traders alike.

NEWS TRADING

Thur March 8, 2012
[9:00am NY Time]

 CA BOC Interest Rate:

The Bank of Canada (BOC) will announce their rate decision
today at 9:00am sharp.

Here´s what analysts expect:
9:00am (NY Time) CA BOC Rate Decision
Forecast 1.00% Previous 1.00%
ACTION: USD/CAD BUY 0.75% SELL 1.25%

NEWS TRADING

Thur March 8, 2012
[8:30am NY Time]
Here's the special webcast link to watch ECB Press Conference
Live:

http://www.ecb.int/press/tvservices/webcast/html/webcast_120308.en.html

NEWS TRADING

Thur March 8, 2012
[7:45am NY Time]
 EU ECB Interest Rate

ECB (European Central Bank) will be rendering its rate
decision today, and it will have a pivotal short term impact
in the Euro dollar. However, it is widely believed that ECB
will keep rate unchanged at 1.00%... Here´s the forecast:

7:45am (NY Time) EU ECB Rate Decision
Forecast 1.00% Previous 1.00%
ACTION: EUR/USD SELL 0.75%

Thur March 8, 2012
[7:00am NY Time]
 UK BOE Interest Rate
BOE (Bank of England) will be rendering its interest rate
decision today, and it would provide strong volatility in
the market if BOE´s final decision turns out to be a
surprise, here´s the forecast:

7:00am (NY Time) UK Official Bank Rate
Forecast 0.50% Previous 0.50%
APT (Asset Purchasing Target)
Forecast 325B Previous 325B
ACTION: GBP/USD BUY 0.75% (Rate) / SELL 375B (APT).

NEWS TRADING

Wednesday March 7, 2012
7:30pm NY Time
 AU Employment Change

Australia Employment Change is similar to U.S. NFP (Nonfarm
Payroll) and Canada Employment Change, this is an economic
indicator for the Employment Changes in Australia, here´s
the forecast:

7:30pm (NY Time) AU Employment Change
Forecast 5.2K Previous 46.3K
AU Unemployment Rate
Forecast 5.2% Previous 5.2%
ACTION: AUD/USD BUY 30.0K / SELL -20.0K

NEWS TRADING

Wednesday March 7, 2012

 NZ RBNZ Interest

RBNZ (Reserve Bank of New Zealand) will be releasing its
interest rate decision today and it is widely expected that
Gov. Bollard will announce that No rate change today...

3:00pm (NY Time) RBNZ Rate Decision
Forecast 2.50% Previous 2.50%
ACTION: NZDUSD BUY 2.75%