Weekly Forex Trading Calendar for February 3, 2020

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of Feb 3, 2020. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

PDF version of CALENDAR020320

Excel version of CALENDAR020320

Economic Data Calls for February 3, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Feb 3, 2020) — Good Luck Trading!

1. AU PMI Manufacturing (19:30 ET) Bearish AUD — Likely to be weaker given slower Chinese growth

2. EZ PMI revisions (03:55 ET) No Trade — Revisions are difficult to predict but changes can be market moving

3. UK PMI revisions (04:30 ET) No Trade — Revisions are difficult to predict but changes can be market moving

4. US ISM Manufacturing (10:00 ET) Bullish USD — Stronger Empire, Phillly, Dallas, Richmond Fed

Economic Data Calls for January 3, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 3, 2020) — Good Luck Trading!

1. German Labor Data (03:55 ET) Bearish EUR — PMIs report deeper job cuts in mfg and weaker growth in services. CPI likely to remain subdued given weaker PPI

2. US ISM Manufacturing (10:00 ET) Bearish USD — Weaker Empire State and Philly Fed index

3. FOMC Minutes (14:00 ET) No Trade — We do not trade minutes but they are likely to be dollar dovish

Economic Data Calls for Oct 3, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Oct 3, 2019) — Good Luck Trading!

1. AU PMI Services (17:30 ET) Bearish AUD — While the PMI manufacturing index beat expectations, the rate cut from the RBA and their degree of dovishness leads us to believe that service activity slowed

2. Revisions to EZ PMI Services (03:55 ET) No Trade — Revisions are difficult to handicap but changes are market moving

3. EZ PPI and Retail Sales (05:00 ET) Bearish EUR — German CPI slightly weaker, retail sales soft as well

4. US Non-Manufacturing ISM (10:00 ET) Bearish USD — Sharp fall in ISM manufacturing index signals broader problems for US economy and services

Economic Data Calls for July 3, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (July 3, 2019) — Good Luck Trading!

1. AU PMI Services + Trade Balance (18:30 ET) Bearish AUD — Potential downside risk given weaker manufacturing activity and dovish RBA

2. EZ PMI Services Revisions (03:55 ET) No trade — Revisions are difficult to predict but changes will be market moving

3. UK PMI Services (04:30 ET) Bearish GBP — Potential downside surprise given weaker manufacturing activity and consumer confidence

4. US ADP and Trade Balance (08:15 ET) No Trade — Manufacturing activity is slower so trade balance should be weaker but ADP is a tougher call

5. CAD Trade Balance (08:30 ET) Bullish CAD — Possibly of strength given improved internals of IVEY PMI

6. US ISM Non-Manufacturing (10:00 ET) Bullish USD — Improvements in manufacturing activity and likely uptick in job growth should lead to stronger service sector activity

Weekly Forex Trading Calendar for June 3, 2019

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of May 27, 2019. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

PDF version of calendar060319

Excel version of calendar060319

Economic Data Calls for June 3, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (June 3, 2019) — Good Luck Trading!

1. AIG PMI Manufacturing (18:30 ET) Bearish AUD – Likely to be weaker given dovishness of RBA and China slowdown

2. EZ PMI Revisions (03:55 ET) No Trade – Revisions are difficult to predict but changes are market moving

3. UK PMI Manufacturing (04:30 ET) Bearish GBP – Potential downside surprise given drop in CBI Index

4. US ISM Manufacturing (10:00 ET) Bullish USD – Potential upside surprise given stronger manufacturing activity in NY, Philadelphia and Richmond regions

Economic Data Calls for May 3, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (May 3, 2019) — Good Luck Trading!

1. AU PMI Services (18:30 ET) Bullish AUD – Potential upside surprise given stronger manufacturing activity

2. UK PMI Services (04:30 ET) Bearish GBP – Potential downside surprise given lower manufacturing activity

3. EZ CPI Estimate (05:00 ET) Bearish EUR – Potential downside surprise given lower PPIs

4. US Non-Farm Payrolls (08:30 ET) No Trade – Likely to be dollar positive but NFPs are best traded reactively

Economic Data Calls for January 3, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (January 3, 2020) — Good Luck Trading!

1. German Unemployment (03:55 ET) Bearish EUR — PMIs report deeper job cuts in mfg and weaker growth in services.

2. German CPI (08:00 ET) Bearish EUR — CPI likely to remain subdued given weaker PPI

3. US ISM Manufacturing (10:00 ET) Bearish USD — Likely to be weaker given lower Empire State and Philadelphia Fed index

4. US FOMC Minutes (14:00 ET) No Trade — We do not trade minutes but they are likely to be dollar dovish given Powell’s cautiousness

*Good morning/afternoon everyone!* The U.S. dollar is trading lower against most of the major currencies this morning as risk appetite improves after yesterday’s brutal selling. Stock futures are up, helping to bolster pairs like EUR/USD and USD/JPY. However as we begin the NY session, the decline in Treasury yields could also tip the scale and push USD/JPY lower. Yen crosses on the other hand will take their cue from stocks today. The currency most vulnerable to weakness is the Canadian dollar because oil prices are down more than 2% after President Trump tweeted that he hopes Saudi Arabia and OPEC will not cut oil production because he thinks oil prices should be much lower based on supply. Despite a softer Eurozone ZEW survey, EUR/USD is trading above 1.1250 on the hope that progress could be made on the Italian budget front. the expectations component of the ZEW surely also increased. The best performing currency this morning is sterling which is up on higher wages (despite a higher unemployment rate) and continued Brexit optimism. On the Brexit front, we are getting closer to a deal but with some counterproductive headlines, traders are still reluctant to overload sterling positions but when an announcement is made, we can almost be assured that there will be a strong followup rally. AUD and NZD are also up from yesterday but having risen strongly in Asian trade, they are mostly consolidating and even weakening slightly. We also have our eyes on the Swiss Franc which appears to be topping below 1.0130. *The MAIN THEMES I see today are* +EUR +CHF -CAD -JPY *Trading Biases* +EUR, +CHF, +GBP, -CAD, -JPY mildly +AUD, +NZD, -USD *Today’s Initial Trades* Here’s the summary – 1. Buy EURCAD at 1.4885, Stop at 1.4857, Target 1.4912 2. Buy EURUSD at 1.1247, Stop at 1.1219, Target 1.1275 3. Buy AUDCAD at .9531, Stop at .9503, target .9559 4. Sell AUDCHF at .7270, Stop at .7298, Target .7242

Swing

*Good morning/afternoon everyone!*

The U.S. dollar is trading lower against most of the major currencies this morning as risk appetite improves after yesterday’s brutal selling. Stock futures are up, helping to bolster pairs like EUR/USD and USD/JPY. However as we begin the NY session, the decline in Treasury yields could also tip the scale and push USD/JPY lower. Yen crosses on the other hand will take their cue from stocks today. The currency most vulnerable to weakness is the Canadian dollar because oil prices are down more than 2% after President Trump tweeted that he hopes Saudi Arabia and OPEC will not cut oil production because he thinks oil prices should be much lower based on supply. Despite a softer Eurozone ZEW survey, EUR/USD is trading above 1.1250 on the hope that progress could be made on the Italian budget front. the expectations component of the ZEW surely also increased. The best performing currency this morning is sterling which is up on higher wages (despite a higher unemployment rate) and continued Brexit optimism. On the Brexit front, we are getting closer to a deal but with some counterproductive headlines, traders are still reluctant to overload sterling positions but when an announcement is made, we can almost be assured that there will be a strong followup rally. AUD and NZD are also up from yesterday but having risen strongly in Asian trade, they are mostly consolidating and even weakening slightly. We also have our eyes on the Swiss Franc which appears to be topping below 1.0130.

*The MAIN THEMES I see today are*

+EUR
+CHF
-CAD
-JPY

*Trading Biases*

+EUR, +CHF, +GBP,
-CAD, -JPY
mildly +AUD, +NZD, -USD

*Today’s Initial Trades*

Here’s the summary –

1. Buy EURCAD at 1.4885, Stop at 1.4857, Target 1.4912
2. Buy EURUSD at 1.1247, Stop at 1.1219, Target 1.1275
3. Buy AUDCAD at .9531, Stop at .9503, target .9559
4. Sell AUDCHF at .7270, Stop at .7298, Target .7242