About GBP - Retail Sale]
newdigital, 2013.06.20 12:22
2013-06-20 08:30 GMT | [GBP - Retail Sale]
If actual > forecast data - is it good for GBP. Forecast data was 0.8% and actrual data was 2.1% (see latest resease here)
U.K. Retail Sales Recover At Stronger Than Expected Pace :
MetaTrader Trading Platform Screenshots
GBPUSD, M1, 2013.06.20
MetaQuotes Software Corp., MetaTrader 5, Demo
Just about Philadelphia Fed Index
newdigital, 2013.06.20 20:50
We had the following news event at 14:00 GMT time (or 16:00 metaquotes demo server time) :
2013-06-20 14:00 GMT | [USD - Philadelphia Fed Index]
if actual > forecast = good for USD. Forecast was -0.6 and actual (according to the latest release here) was 12.5
Philly Fed Index Unexpectedly Surges Up To Two-Year High In June :
Manufacturing activity in the Philadelphia area unexpectedly increased
in the month of June, according to a report released by the Federal
Reserve Bank of Philadelphia on Thursday, with the index of activity in
the sector climbing to a two-year high.
The Philly Fed said its diffusion index of current activity jumped to a
positive 12.5 in June from a negative 5.2 in May, with a positive
reading indicating an increase in regional manufacturing activity.
Economists had expected the index to climb to a negative 1.0.
and we can see - this is 130 pips in profit (4 digit pips) for majors!
EURUSD, M1, 2013.06.20
USDCHF, M1, 2013.06.20
USDJPY, M1, 2013.06.20
Just trying to find the interesting pair for technical analysis for the next week and could not ...
For example - EURUSD D1 was on correction
EURUSD, D1, 2013.06.22
and EURUSD H4 was fully reversed to primary bearish
EURUSD, H4, 2013.06.22
h4 reversal to bearish
The opposite situation was for USDCHF - D1 timeframe was on bear market rally
USDCHF, D1, 2013.06.22
usdchf d1 rally
and USDCHF H4 timeframe reversed in the end of the week to primary bullish :
USDCHF, H4, 2013.06.22
usdchf reversal to bullish
I think - most interesting pair to trade for the next week will be USDJPY.
D1 was on bear market rally within primary bearish , and the price came very close to Sinkou Span B line for fully reversal to primary bullish :
USDJPY, D1, 2013.06.22
And USDJPY H4 timeframe was on flat within bullish, but if the price will try to go further so it will meet few very strong resistance lines :
USDJPY, H4, 2013.06.22
usdjpy h4 flat
Thus, USDJPY will be most interesting pair to watch and to trade for the next week.
And all forming/developing patterns starting from M6 till H12 are on downtrend (we are talking about USDJPY) - for example :
USDJPY, M6, 2013.06.22
usdjpy m6 downtrend
I think - main trend (bearish) will be continuing on D1 after rally finished, and price on H4 timeframe will go down to inside Ichimoku cloud ... anyway - will see.
This is news events for the next week which may be affected on the movement of USDJPY price :
2013-06-24 08:00 GMT | [EUR - IFO Business Climate]
2013-06-24 23:50 GMT | [JPY - Corporate Goods Price Index (CSPI]
2013-06-25 12:30 GMT | [USD - Durable Goods Orders]
2013-06-25 14:00 GMT | [USD - Consumer Confidence]
2013-06-25 14:00 GMT | [USD - New Home Sales]
2013-06-26 12:30 GMT | [USD - Gross Domestic Product (GDP)]
2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)]
2013-06-27 23:30 GMT | [JPY - National CPI Core]
2013-06-27 23:50 GMT | [JPY - Retail Sales]
2013-06-28 13:45 GMT | [USD - Chicago PMI Index]
2013-06-28 13:55 GMT | [USD - University of Michigan Consumer Confidence Index]
I think - Friday (28 of June) is not very understandable for now because I think - it will be some speaches (FOMC or something) so it will be updated for the next week for example.
Just about the following :
As actual was same as forecast data so we did not see big price movement
USDCHF, M1, 2013.06.24
EURUSD, M1, 2013.06.24
About USD - Durable Goods Orders which we had 20 minutes ago - read this post. About the price movement :
Totallt : +129 pips
EURUSD, M5, 2013.06.25
USDCHF, M5, 2013.06.25
GBPUSD, M5, 2013.06.25