Economic Data Calls for Jan 11, 2019

Uncategorized Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Jan 11, 2019) — Good Luck Trading!

1. AU Retail sales (19:30 NY Time) Bearish AUD -- Potential for downside surprise give drop in sales component of PMI

2. UK Industrial Production (04:30 NY Time) Bearish GBP -- Potential for downside surprise given decline in PMI manufacturing index, but trade could be dampened by Brexit uncertainty

3. US Consumer Price Index (08:30 NY Time) -- Bearish GBP -- Potential for downside surprise given sharp drop in gas prices and decline in ISM prices

BK Day Trading Signals for March 11, 2015

News

BK NEWS TRADES with our Economic Data Projections   

Videos on How to Trade our 3 BK News Strategies 

How To Trade AJAX

How To Trade Crowd Fighter

How To Trade C -- Trade 

BK Day Trading Chat Room Results 3/10/2015
NZD/USD +10
EUR/USD +10
NZD/JPY +10
USD/JPY +10
NZD/CAD +10
Want to join us? email [email protected] with subject line “Slack”

  

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  ****NOTE we are going to trade C-Trade and Crowdfighter on 15 Minute rather than 5 minute delay on all pairs today***

  

No Trades 3/10/2015

  

Date Currency
Event
GMT Strategy
March 11- W
NZD/USD
RBNZ Rate Decision 20:00 C-Trade
March 11- W NZD/USD RBNZ Rate Decision 20:00 C-Fighter

 

  

Last 24 hours Results
Crowd Fighter 
No Trade

 
C-Trade
No Trade

 

  

CALENDAR CALLS

Here’s what we are looking for in tomorrow’s economic reports (March 11, 2015) -- Good Luck Trading!

1. Chinese Trade Balance (1:30am ET) No Trade -- Chinese data is difficult to handicap but can be very market moving

2. UK Industrial Production (5:30am ET) Bullish GBP -- Potential upside surprise given rise in PMI manufacturing index

3. RBNZ Rate Decision (4pm ET) No Trade -- We do not trade rate decisions 

BK Day Trading Signals for Feb 11, 2015

News

BK NEWS TRADES with our Economic Data Projections   

Videos on How to Trade our 3 BK News Strategies 

How To Trade AJAX

How To Trade Crowd Fighter

How To Trade C -- Trade 

  

All BK NEWS Signals are sent out instantly via our smartphone App by SNAPP Trader
 
No Trades today

  

Date Currency
Event
GMT Strategy

 

  

  

 
Last 24 hours Results
Crowd Fighter 
No Trade

  

AJAX 

No Trade
 
C-Trade
No Trade
  

CALENDAR CALLS

Here’s what we are looking for in tomorrow’s economic reports (Feb 10, 2015) — Good Luck Trading!

AUD/CAD Hits 11 Month Highs

AUD/CAD Hits 11 Month Highs

Chart Of The Day

Fundamentals

The Australian and Canadian dollars are commodity currencies that have been performing very differently in recent weeks. In fact, the divergence has been so significant that AUD climbed to its strongest level versus the CAD in 11 months. Both countries reported solid employment reports in March but the RBA’s neutral monetary policy bias and higher yield makes AUD more attractive than the CAD. The Bank of Canada meets next week and they are likely to remind us that they are worried about the economy’s outlook because of underperformance in exports and business investment. Meanwhile the RBA statement, which is due on Tuesday will most likely highlight the Reserve Bank’s comfort with monetary policy. As long as neither central bank shifts their stance, this difference in sentiment should drive AUD/CAD higher.

Technicals

We have to turn to the weekly chart to find resistance in AUD/CAD. This past week’s rally took the currency pair right to its March high of 1.0315. The next resistance above this level is 1.04 and beyond that there is no major resistance until 1.06. On the downside, support is at 1.0150.