Thread: Trading Economic News

BOE Left Rates Unchanged Leaving Cable Directionless- Where will Cable Go Next?

December 12th-17th Daily FX Economic Calendar

I'm curious how such news will affect EUR/USD at the opening of the week as well as over the long term.
EU leaders to agree on law change for euro stability | Reuters

Good one... Eur/usd trend must be upward for 1.3700.

Originally Posted by ForexKing

Good one... Eur/usd trend must be upward for 1.3700.

That was my first reaction, then I thought about it and wasn't so sure so I decided to ask and see how other traders felt.

Originally Posted by brianborn1968

That was my first reaction, then I thought about it and wasn't so sure so I decided to ask and see how other traders felt.

Can you please describe what u want to say ??

Originally Posted by ForexKing

Good one... Eur/usd trend must be upward for 1.3700.

You give no useful information with your post. From my viewpoint with what you commented about, it is a 50/50 chance which way price might move because of this news.

Originally Posted by ForexKing

Can you please describe what u want to say ??

I'm not sure what your question means. All I was looking for with my original question was comments as to how this news will affect the direction of EUR/USD. Not looking for a prediction and price target. Why do you feel this news "must be upward for 1.3700". Why do you think it must be upward and how did you determine a target of 1.3700? I only ask because I'm not sure (maybe clueless) why this news will affect price one way or the other. I just feel that this news will affect price when the market opens. I'm a technical trader, but so keep an open mind about fundamentals. If I can find out how other traders view certain news prior to the market opening and then see how price moves once it does, it helps me understand how that news moved the market at all.

I'm not an expert in the market, just trying to learn.

Originally Posted by brianborn1968

You give no useful information with your post. From my viewpoint with what you commented about, it is a 50/50 chance which way price might move because of this news.



I'm not sure what your question means. All I was looking for with my original question was comments as to how this news will affect the direction of EUR/USD. Not looking for a prediction and price target. Why do you feel this news "must be upward for 1.3700". Why do you think it must be upward and how did you determine a target of 1.3700? I only ask because I'm not sure (maybe clueless) why this news will affect price one way or the other. I just feel that this news will affect price when the market opens. I'm a technical trader, but so keep an open mind about fundamentals. If I can find out how other traders view certain news prior to the market opening and then see how price moves once it does, it helps me understand how that news moved the market at all.

I'm not an expert in the market, just trying to learn.

Ok. first thing is I said "Good one" for ur news only. said eur/usd upward for 1.3700 as my technical view, but which is not based on ur news.

Higher UK CPI Could Send Cable Higher

This week's economic calendar is light, but is highlighted by the US FOMC (central bank) meeting on Tuesday. Here is this week's Economic Calendar with those events that are watched closely by traders around the world. For more on how the market might view these releases, check out DailyFX for their point of view.

Barack Obama came, he spoke and he conquered. At least that’s what some of the biggest media houses would have you believe. Nothing could be more misleading for the Indian public. Here are the reasons why the trip was only of feel-good value, that too for dumb people.

1. Obama had a clear-cut mandate. And that mandate was to show Americans that he was taking back jobs for them. He took away business worth $10 billion and 50,000 jobs. These $10 billion could have been used in India to create 200 times more jobs, because for every American job we create in America, we can roughly create about 200 jobs in rural India. It was a classic game of begging that the new America is now seen playing in India and China. With India, it’s about access to its markets and deals with the government. And with China, it’s about the revaluation of the Chinese currency to reduce their foreign debt and make Chinese products uncompetitive in American markets! I would even say that it was indeed sad to see such a weak American President for the first time in history. An American President is expected to speak like a great statesman – whether he speaks to businessmen or to the Parliament. He is expected to talk about America’s role in global peacekeeping and poverty eradication, the latter more so since India has 65% of people below the globally defined poverty line of people earning less than $2 a day. It was a shame that his talks never touched upon any of it.

President Obama, like Bill Clinton before him, is courting major donors among the outsourcing and Wall Street communities, and buying off or coopting others. Some of his supporters come quite dear, with bailouts and favorable regulatory treatment. Others can be had for a photo-op in the Rose Garden. In all cases the tab is being picked up by the American people in the form of lost jobs, lost incomes, lost middle-class lives.

FOMC Rate Decision May Decide Fate of Aussie Bulls

Originally Posted by michaeljohn

President Obama, like Bill Clinton before him, is courting major donors among the outsourcing and Wall Street communities, and buying off or coopting others. Some of his supporters come quite dear, with bailouts and favorable regulatory treatment. Others can be had for a photo-op in the Rose Garden. In all cases the tab is being picked up by the American people in the form of lost jobs, lost incomes, lost middle-class lives.

Democrats Don't Have a Monopoly on Politics as Usual- Please remember to include Bush, Reagan, Carter, Nixon, Ford, Kennedy, Eisenhower, Truman.....etc. to this list.

Originally Posted by Gregory McLeod

FOMC Rate Decision May Decide Fate of Aussie Bulls

Strong US Economic News Benefits US Dollar! It has been a past pattern that positive US economic news would only benefit the other majors but not the dollar. Higher than expected CPI and Industrial Production caused the dollar to strengthen against the majors. Could this be the sign of a real and sustainable economic recovery or is it just a head fake?