Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.12.17 15:01
if actual > forecast (or actual data) = good for currency (for USD in our case)
[USD - CPI] = Change in the price of goods and services purchased by consumers. Consumer prices account for a majority of overall inflation. Inflation
is important to currency valuation because rising prices lead the
central bank to raise interest rates out of respect for their inflation
The index for all items less food and energy increased 0.1 percent in November. The shelter index rose 0.3 percent, and the indexes for medical care, airline fares, and alcoholic beverages also rose. In contrast, the indexes for apparel, used cars and trucks, recreation, household furnishings and operations, personal care, and new vehicles all declined in November.
MetaTrader Trading Platform Screenshots
GBPUSD, M5, 2014.12.17
MetaQuotes Software Corp., MetaTrader 5
GBPUSD M5: 18 pips price movement by USD - CPI news event
newdigital, 2014.12.17 21:01
[USD - FOMC Press Conference] = It's among the primary methods the Fed uses to communicate with
investors regarding monetary policy. It covers in detail the factors
that affected the most recent interest rate and other policy decisions,
along with commentary about economic conditions such as the future
growth outlook and inflation. Most importantly, it provides clues
regarding future monetary policy.
The Fed is unlikely to start its rate hike process for "at least the next couple of meetings," Fed Chair Janet Yellen said.
The Fed surprised some Wednesday
by leaving the phrase "considerable time" in its statement, but as a
reference to the timing of rate hikes rather than a policy. ==========
GBPUSD M5: 136 pips price movement by USD - FOMC Press Conference news event
USDJPY, M5, 2014.12.17
USDJPY M5: 129 pips price movement by USD - FOMC Press Conference news event
USDCHF, M5, 2014.12.17
USDCHF M5: 95 pips price movement by USD - FOMC Press Conference news event
newdigital, 2014.12.19 10:05
USD/CAD to Face Fresh December Highs on Dismal Canada CPI (based on dailyfx article)
Trading the News: Canada Consumer Price Index (CPI)
A slowdown in Canada’s Consumer Price Index (CPI) may spur fresh monthly
highs in USD/CAD especially as the Bank of Canada (BoC) remains
reluctant to further normalize monetary policy.
Why Is This Event Important:
However, another uptick in the core rate of inflation may heighten the
appeal of the loonie as sticky price growth undermines the BoC’s scope
to retain the current policy, and Governor Stephen Poloz may sound
increasingly hawkish in 2015 as the central bank head highlights the
broadening recovery in the Canadian economy.Lower input costs paired with the slowdown in the housing market may
trigger a sharp slowdown in price growth, and a dismal CPI print may
heighten the bearish sentiment surrounding the Canadian dollar as it
drags on interest rate expectations.However, the pickup in economic activity along with the expansion in
private sector consumption may produce a stronger-than-expected
inflation report, and sticky price pressures may generate a near-term
pullback in USD/CAD as it fuels bets for a BoC rate hike.
How To Trade This Event Risk
Bearish CAD Trade: Headline & Core Inflation Miss Market Forecast
USDCAD, M5, 2014.12.19
USDCAD M5: 28 pips price movement by CAD - CPI news event
newdigital, 2014.12.19 16:53
Consumer Price Index, November 2014 (official report)
The Consumer Price Index (CPI) rose 2.0% in the 12 months to November, following a 2.4% increase in October.
The slower year-over-year rise in the CPI was mainly attributable to gasoline prices, which fell 5.9% in the 12 months to November, after rising 0.6% in October.
On a monthly basis, the gasoline price index declined 7.5% in
November, marking its fifth consecutive monthly decrease. In November,
gasoline prices were at their lowest level since February 2011.
Gasoline prices fell in all provinces on a year-over-year basis in
November. Prince Edward Island recorded the largest decline, while
British Columbia posted the smallest.
Something Interesting in Financial Video December 2014
newdigital, 2014.12.26 06:27
Forex Video: The Equal Waves Pattern (based on dailyfx article)
Many traders ask how to begin labeling their chart
using Elliott Wave Theory. Try starting with the Equal Waves pattern.
The video above describes what the pattern is, how to measure it, and
what you can anticipate once the pattern is identified.
The Equal Waves pattern is a three wave structure.
Therefore, it can also indicate what the larger degree Elliott Wave
pattern in development.
For example, depending on where it shapes, the
pattern could be the A or B leg of a flat correction, one of the legs of
a triangle, an entire zig zag correction, one leg of a complex
correction, or one of legs of a diagonal motive wave.
newdigital, 2014.12.27 20:05
Trading Video: Short Term Euro and Yen Setups the Order for Next Week (based on dailyfx article)
There are more than a few great technical and fundamental setups tempting FX traders. Yet, many of these high-profile opportunities
call for dramatic breaks, reversals or trend upgrades which requires
deep market liquidity. Similar to this past week's Christmas drain, the
New Year's holiday in the week ahead will create another whirlpool. As
the big setups gestate, we should turn our focus to the many short-term
setups that have formed in the market. Many of the majors and crosses
present the proper technical patterns to trigger breakouts, but certain
pairs offer different circumstances. With a Greek Parliament election on
Monday; EURUSD, EURGBP and EURJPY, are fundamentally loaded. Conversely, pairs like GBPJPY, GBPNZD and GBPAUD are naturally more volatile. We discuss next week's trading landscape in the weekend Trading Video.
newdigital, 2015.01.02 10:13
Trading Video: A Big Picture Technical Look at FX and Capital Markets for 2015 (based on dailyfx article)
Whether you are a short-term scalper or a more patient swing trader, taking a step back to look at the 'bigger picture' can help your trading. We have these past weeks looked at the bigger picture for fundamentals and general market conditions. So, to start off the New Year, we will look at the alluring big-picture technical patterns that have taken shape across the FX and capital markets. Incredible runs like that from USDollar, tentative massive breakouts from EURUSD and EURGBP, and the specter of reversal from the likes of USDJPY and EURJPY offer incredible potential for 2015. Combine the fundamental and market conditions views for the New Year with today's Trading Video technical overview to find your favorite setups.
Something Interesting in Financial Video January 2015
newdigital, 2015.01.03 07:47
Jim Rogers 2015 Forecast Buy Gold , Bull Market will come
newdigital, 2015.01.06 10:15
if actual > forecast (or actual data) = good for currency (for AUD in our case)
[AUD - Trade Balance] = Difference in value between imported and exported goods and services during the reported month. Export demand and currency demand are directly linked because foreigners
must buy the domestic currency to pay for the nation's exports. Export
demand also impacts production and prices at domestic manufacturers.
Australia posted a seasonally adjusted merchandise trade deficit of
A$925 million in November, the Australian Bureau of Statistics said on
That beat forecasts for a shortfall of A$1.6 billion
following the upwardly revised deficit of A$877 million in October
(originally A$1.323 billion).
Exports were up 1.0 percent on month to A$27.085 billion.
Non-rural goods rose A$486 million or 3 percent, while rural goods climbed A$179 million (6 percent).
gold tumbled A$519 million (38percent), while net exports of goods
under merchanting remained steady at A$43 million. Service credits rose
Imports also collected 1.0 percent on month to A$28.010 billion.
Intermediate and other merchandise goods added A$224 million (2%) and consumption goods gained A$131 million (2 percent).
Non-monetary gold plunged A$90 million (27 percent) and capital goods
fell A$78 million (1 percent). Service debits added A$20 million.
AUDUSD, M5, 2015.01.06
AUDUSD M5: 33 pips price movement by AUD - Trade Balance news event
newdigital, 2015.01.07 17:06
Price & Time: EUR/USD Collapse Continues (based on dailyfx article)
newdigital, 2015.01.09 05:24
Price & Time: "Overlooked" Symmetry in AUD/USD