17 - 21 Aug News

Sorry, this week I didn't post any update on important news...
Been really busy...

For this week, most interesting news surely FOMC interest rate decision last wed night...
roller coaster ride that day...

well for coming next week news:

Tue 18/8
GBP CPI at 8:30am GMT

Wed 19/8
GBP BoE minutes (but I think no big surprise here)

Bad.... bad... Monday...
all looks bearish
GBP still haven't get over the QE news
http://www.dailyfx.com/story/currency/gbp_fundamentals/British_Pound_Still_Reeling_from_1250288584646.html

haha... yeah i see EU going down down..

Attempting my first trading based on news..

From forexfactory.com,

2:00pm EUR German PPI m/m (Actual)-1.5% (Forecast)-0.1% (Previous)-0.1%

Upon seeing -1.5%, I did a quick short of 10k units (because news are very accurate in terms of trend direction), but quite scared of 10k la.. so I closed early with just 10pips profit. hahaha....


Actually you can let it run for 1-3 candles, until the trend stabilizes, then collect your profit.

yea.. I saw good news for Euro this morning related to swiss something like that... but the good news still weak not enough to rally
because overall sentiment towards risky asset still bearish

and this evening around 4-4.30pm BoE annouce meeting minutes.
although we already know their decision last week to expend QE so should be no big surprise
BUT.... if there is any new element then it will be volatile again...

Why did EU did that crazy bull rally for NO reason?????

I can't find any sensible reason...

perhaps it's wednesday madness...

anyway here some news on EU
http://www.dailyfx.com/story/dailyfx_reports/daily_technicals/Euro_Consolidates__1_4330_Defines_the_1250691041431.html

Existing Home Sales Report from the US actually affects Yen? Right after the news of +ve outcome from the report, I see EJ and GJ rising sharply. Could have earned lots of pips there...

Was watching EU and GU, and longed EU according to the market reaction. $$$

I am starting to get the hang of FA trading... hahaha...

I'm one of those riding GJ just now...

well... I also not sure but this is just purely speculation I can think of la...
not sure correct or not

If good news on US -> Dollar weaken
Dollar best friend is Mr. Yen

so when dollar weaken, u can always see yen also weaken
which means GJ will rise since it's volatile nature...
and EJ will follow from behind because of yen as well