Thread: Trading Economic News

Originally Posted by Gregory McLeod

The Bank of Fance Governor says that the French banks do not need recapitalization. Some French banks have stated they will not take any bailout funds but will set aside profits to meet new capital requirements. Are these banks in denial? It sounds like shades of Bank of America, not needing TARP and later getting cash infusion from Warren Buffet.

Of course. But these puppet masters have their puppet politicians getting the bailout money ready for them. It is the same drama we've seen before now being replayed in a different language and venue.

Good Morning Traders! I hope you have had an enjoyable and relaxing weekend after record setting moves in the global markets. This week is also filled with market moving events that could create tremendous volatility that holds both risks and rewards. Central Bank interest rate announcements from ECB and RBA as well as the US NFP employment report are among the economic "Alphabet Soup" which could provide great trading opportunities.


For Live Coverage of each economic release click here

For the Free Real time News Feed Click Here

For a detailed Customizable Calendar: Click Here

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Happy Trading!

Looser Monetary Policy in China Could Benefit Aussie Dollar. Since China is one of Australia's largest trading partners, more new loans could foster increased trade and more economic growth. If the number of loans decreases, then that would be bearish for the Aussie dollar. AUD/USD is a good proxy since the Yuan.

Originally Posted by Gregory McLeod

Looser Monetary Policy in China Could Benefit Aussie Dollar. Since China is one of Australia's largest trading partners, more new loans could foster increased trade and more economic growth. If the number of loans decreases, then that would be bearish for the Aussie dollar. AUD/USD is a good proxy since the Yuan.

China bank lending is up by 25% for month of October. After reaching a low near the 1.0100 area, AUD/USD has rallied to the R1 daily Pivot at 1.0216. Increased Chinese loan activity is seen as bullish for world economic growth.

Better Than Expected 10AM ET Philly Fed Could Break Euro Out of Range Higher:Target 1.3600

Tuesdays Economic Trading Calendar Holds Several Market Moving Events- With Sovereign debt news flow slowing down and a worse case scenario being priced into the market, traders may focus on upcoming US data for direction.

US Gross Domestic Product is expected to come in flat at 2.5% at 8:30. There will be live coverage of this economic release by the Daily FX Research team HERE.

November Eurozone consumer confidence comes out at 10:00 am

FOMC minutes from the November meeting will be released at 2pm .

For a detailed calendar, click HERE

Originally Posted by Sw2c

What and where are the pivot points. In other words how do I find them and what do they represent? I am missing something for sure....Started fine this morning made 25 pips...all of sudden around 1100 I lost 50 in a matter of seconds. Help?

Euro is Sitting at Daily Central Pivot- Which Way Will the Euro Go?

The Euro tumbled to a low of 1.3478 stopping at the daily central pivot as US GDP disappoints a market that was looking for 2.5% but instead got 2.0% missing expectations. Risk assets sold off and the dollar strengthened across the board.

A news fade strategy could be setting up for a higher Euro reaching into the 1.3600 area.

Good Morning Traders! As we draw closer to the end of the US Equity trading session we can look ahead to what is promising to be, another volatile week of trading. German CPI and US Consumer confidence for November will kick start the week on Tuesday and the all important US jobs numbers (NFP) will end the week.


For Live Coverage of each economic release click here

For the Free Real time News Feed Click Here

For a detailed Customizable Calendar: Click Here

For Live Real Time Scalping 6AM to 7AM ET, click Here
Happy Trading!

Hello Traders! I want to extend a big welcome to all the visitors and new members that have recently joined the DailyFX Forum Community! I want to also thank the senior members of the community that have lent a hand answering questions and making our new friends feel welcome!

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I will be away from my desk until December 5th.

Happy Trading!

Hello Traders- Now that the suspense of the EU Summit is behind us, it is time to look ahead to this exciting week of potentially market moving economic releases. UK, US, and Eurozone Inflation data, plus US and Swiss interest rate decisions will certainly make trading interesting. Also, there is an ECB Press conference on Friday, Dec 15.

Happy Trading!

Greg McLeod
DailyFX Forum Moderator

Hello Traders! With just 5 shopping days left before Christmas, look for lighter volumes toward the weeks end as traders close up their books for the winter holidays. However, the economic calendar is chock full of "stocking stuffers". Will any of these trigger the elusive "Santa Claus" rally or will Santa leave markets a "lump of coal" for being naughty?

A Better Than Expected ISM Number Could Send Euro Higher- The US ISM number due out at 10:00AM ET Could send Euro into the 1.3152 area as shorts are squeezed even more and the rally gets a "second wind".

On the other hand, if this number comes in lower than forecast, then we could see Euro return to the 1.2950 area.

Traders will be watching these numbers as well as the FOMC meeting minutes out at 14:00 ET.

Happy Trading!

Greg McLeod
DailyFX Forum Moderator/Trader

A Better Than Expected US Factory Orders Could Re-Ignite Euro Rally. Look for number above 1.9% to ignite move to 1.3150 as long as 1.2850 holds as support. Euro currently bouncing on 61.8% Fibonacci support.

*HIGH PRIORITY* Economic Announcements for the Week of Jan. 23 to 27th 2012

Happy Chinese New Year! This week will be marked by decreased market volume as many Asian markets will be closed in observance of the Lunar New Year. In addition to rate decisions from the US and New Zealand and a host of other market moving economic announcements, traders should be prepared for fast illiquid markets as well. The Year of the Dragon has much promise and risk in store!
Happy Trading!

Gong Xi Fa Cai!

US GDP Comes in Weaker Than Expected Euro Sells Off- Look for News Fade Rebound North- Support at 1.3085 may be the start of a run up to 1.3200