Good Day!! Traders!!!
How will I trade the News from 29th July to 2nd August 2013
Monday 29th July 2013
The USD/JPY & AUD/JPY will move – if
the news is more than expected than you can expect the JPY strengthening…
The US data’s are getting better each week and this will be
no mistake with good sales m/m…I will buy USD at every low..
Currency to pay attention: EUR/USD & USD/JPY
Tuesday 30th July 2013
Morning will be NZD movement which I am expecting standstill
for NZD for now as it already moved significantly high for now – PAIR to watch
for NZD/USD
7.30am will be Japanese news…last week the JPY have
strengthen across all pairs and for me is a good pullback for a good rally; BOJ
statement here will make a big difference for JPY pairs…any wrong statement or
grey messages from Kuroda will make the JPY strengthen across the board..Pairs
that will move at a rapid rate is: USD/JPY, EUR/JPY , GBP/JPY &
AUD/JPY….
9.30am – is the Australian turn to move the market – is the
rate adjustment again…I will short AUD if there is anything negative from Glenn
Stevens RBA Gov….as he have said earlier last month than he would
like to see the AUD drop further so that Australia can get out the mess
After the Australian nightmare will be EURO to handle and
CPI is an important part for ECB to make adjustment to their interest rate…
I am expecting a lot more bad news coming from Euro this
week; Spanish GDP will be good to watch if they are out of recession
and also improvement in their Unemployment, Pairs to watch: EUR/USD
& EUR/GBP
10.00pm – CB Consumer Confidence – recent survey showed
great improvement in the consumer confidence and I am not expecting anything
less…Pairs to watch: EUR/USD, USD/JPY & USD/CAD
Wednesday 31st July 2013
USD/JPY pair to watch for the Japanese PMI –
anything good will put JPY to strength again but here again it all depends to
BOJ Kuroda message on Tuesday as it will make a big difference
Later in the morning you will see some movement on the NZD
confidence and I am sure is going to be weak and I will wait for any short
position, Pairs to trade: NZD/USD
Is all about Euro now; and more importantly the German News
which will lead the market to next level; my assumption is that after last week
the PMI results were good and push the EURO to new high…and I am expecting some
movement here but will not be any huge movement as all awaits the ADP & NFP
& ECB / BOE Rate Announcement…Pairs to Trade: EUR/USD & EUR/GBP
ADP news is almost as important as the NFP; I am expecting
nothing more than good news and should see some good movement for USD
& S/P500; Pairs to watch: EUR/USD & USD/JPY
US GDP is extremely important at this stage of game as the
“TAPERING” will be the focus; I will short USD if the data is weak and will
continue hammering USD till Friday NFP results; however if the news
is good than is obvious I will take USD back home and keep it :) – Pairs to look out
for : EUR/USD,USD/JPY, EUR/JPY & AUD/USD
Canada will be announcing their GDP which is obviously going
to be good and I am expecting some huge movement for the USD/CAD
Thursday 1st August 2013
If the GDP of the US is bad..than tapering will be out of
the table for the moment but if the GDP is good than you can expect the USD
rally against all major pairs…
So the FOMC trade is a no brainer of you are able to
understand ADP & GDP
There will be huge movement for: EUR/USD &
USD/JPY
Then we will have Chinese news – which I am expecting to be
bad or worst…Huge movement is expected for AUD/USD, EUR/USD & AUD/JPY
(every trader will be waiting for the news)
Then later in the afternoon we will hear
from Carney from BOE and what he is going to do with rates; stay or
to cut – can expect GBP/USD, EUR/GBP big movement if there is
a rate cut if no change than the GBP is going to head north or level
Then later the ECB turn to make a decision – IMF have
suggested to ECB to reduce rate; this time ECB might do that to stimulate the
economy as the EUR is seating down on a good price of 1.32 and anything lower
for EURO is acceptable…I am expecting a huge reversal of EURO next week….Pairs
to watch for: EUR/JPY, EUR/USD, EUR/GBP & EUR/CAD
Finally the night will end with USD MFG PMI –
which I am expecting to be good rather than bad…this will be easy after the BOE
& ECB rate news…
Friday 2nd August 2013
Australia will be easy at this stage after all the USD,
CHINESE, UK & ECB are out…just follow the trend and take on the
AUSSIE…
Nothing much accept for 5.00pm construction PMI which will
be good for sure….Pairs to watch: GBP/USD & EUR/GBP
The Trade of the WEEK…..“NFP” every trader will be
trading this night and collect huge money for sure!!
Any bad news for US NFP - that will be
sudden death of “TAPERING”
Any good news – Rally will be the beginning for USD
So you can see is going to be an exciting week for all
traders around the world….the first week of each month is always a great week
for all professional traders around the world…
Have fun and be all ready for many surprises this week….. :)
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