Economic Data Calls for March 6, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (March 6, 2019) — Good Luck Trading!

1. AU GDP (19:30 ET) Bullish AUD -- Potential upside surprise given improvement in trade and only slight deterioration in retail sales

2. ADP Employment Change & US Trade Balance (08:30 ET) Bearish USD -- Potential downside surprise given deterioration in the employment component of ISM non-manufacturing index

3. CAD Trade Balance (08:30 ET) Bullish CAD -- Potential upside surprise given improvement in IVEY PMI index

5. Bank of Canada Rate Decision (10:00 ET) No Trade -- BoC likely to be dovish but rate decisions best traded reactively

6. US Beige Book report (14:00 ET) No Trade -- Fed likely to remain cautious but reports are best traded reactively

Economic Data Calls for Feb 6, 2019

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (Feb 6, 2019) — Good Luck Trading!

1. US Trade Balance (08:30 ET) Bearish USD -- Potential downside surprise given drop in manufacturing indices

2. CAD IVEY PMI (10:00 ET) Bearish CAD -- Potential downside surprise after last month’s strong report

3. NZ Employment (18:45 ET) Bullish NZD -- Potential upside surprise given rise in Manpower employment index and the employment component of business PMI

GBP/USD – Aiming for New 6 Year Lows

GBP/USD – Aiming for New 6 Year Lows

Chart Of The Day

GBP/USD – Aiming for New 6 Year Lows

Sterling started the week at a fresh 6 year low despite stronger than expected consumer credit and mortgage approvals. Brexit remains an overarching concern for the U.K. and its currency but the real test for the pound this week will be data. Manufacturing, service and construction sector PMIs are scheduled for release and if activity weakens, it could be the nail in the coffin for the pound. The PMI reports are some of the most market moving pieces of U.K. data and according to the Confederation of British Industry, manufacturing orders dropped by the largest amount in 4 months. If this data is right in predicting an overall slowdown in manufacturing activity, then data could pressure on sterling this week.

Technically lower highs and lower lows leaves GBP/USD firmly in a downtrend. With the 1.40 support level broken, the next stop for the currency pair should be the March 2009 low near 1.3660. A break above 1.4043 would be needed for a stronger recovery towards 1.4200.

Day Trading Signals May 6 – Daily Tally No Trades

News

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BK Day Trading Chat Room Results  5/05

BK Trading Room Results

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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***

  

Date Currency
Event
GMT Strategy
May 6 -- We GBP/USD UK PMI Services 8:30 C-Trade
May 6 -- We GBP/USD UK PMI Services 8:30 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 (May 6, 2015) -- Good Luck Trading!

1. New Zealand Unemployment Report (6:45PM ET) Bearish NZD — Potential downside surprise given deterioration in NZ Manpower jobs index and dovishness of RBNZ

2. Australian Retail Sales (9:30PM ET) Bullish AUD — Potential upside surprise given rise in sales component of March PMI services report

3. Chinese PMI Services (9:45PM ET) No Trade — Chinese data is notoriously difficult to predict but can be very market moving.

4. Eurozone PMI Services (4AM ET) No Trade — Revisions are likely but hard to predict

5. UK PMI Services (4:30AM ET) Bearish GBP — Potential downside surprise given no change in Gfk and drop in PMI manufacturing

6. EZ Retail Sales (5AM ET) Bearish EUR — Potential downside surprise given drop in German retail sales

7. US ADP (8:15AM ET) No Trade — ADP will be important but difficult to predict

8. CAD IVEY PMI (10AM ET) Bullish CAD — Potential upside surprise given optimism of Bank of Canada 

BK Day Trading Signals for March 6, 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
 

  

  

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

  

Date Currency
Event
GMT Strategy
Mar 6 -- F
EUR/USD
NFP 13:30 C-Trade
Mar 6 -- F 
EUR/JPY
NFP 13:30  C-Fighter

 

  

Last 24 hours Results
Crowd Fighter 
EUR/JPY +12

EUR/JPY -17

 
C-Trade
EUR/USD +10

 

  

CALENDAR CALLS

Here’s what we are looking for in tomorrow’s economic reports (March 6, 2015) -- Good Luck Trading!

1. German Industrial Production (2am ET) Bearish EUR -- Potential downside surprise given sharp drop in factory orders

2. Eurozone GDP (5am ET) Bullish EUR — Potential upside surprise given rise in German and French GDP

3. Canadian Trade (8:30am ET) Bullish CAD — Potential upside surprise given rise in IVEY PMI

4. US Non-Farm Payrolls (8:30am ET) No Trade -- Very important for dollar but NFPs are best traded reactively 

BK Day Trading Signals for Feb 6, 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
Feb 6 F 
USD/JPY  
NFP  13:30  C-Trade 
Feb 6 F 
EUR/JPY  
NFP  13:30 Crowdfighter
Feb 6 F 
USD/CAD 
CAD Labor  13:30  C-Trade  
Feb 6 F 
USD/CAD 
CAD Labor  13:30  Crowdfighter 

 

  

  

 
Last 24 hours Results
Crowd Fighter 
AUD/USD +12 

  

AJAX 

No Trade
 
C-Trade
AUD/USD +10
  

CALENDAR CALLS

Here’s what we are looking for in tomorrow’s economic reports (Feb 6, 2015) — Good Luck Trading!

1. German Industrial Production (2am ET) No Trade — Tough to predict because sharp rise in factory orders offset by decline in manufacturing PMI index

2. UK Visible Trade Balance (4:30am ET) Bullish GBP — Potential upside surprise given rise in PMI manufacturing index

3. US Non-Farm Payrolls (8:30am ET) No Trade — Will be very market moving for the dollar but best traded reactively in our live trading room

4. CAD Employment (8:30am ET) Bearish CAD — Potential downside surprise given drop in employment component of IVEY PMI