From everyone here at Currency News Trading, we wish you a wonderful Christmas and Happy New Year. Due to the market condition, the next couple of weeks we will not be trading the news.  As a matter of fact, we should avoid news altogether until 2018, perhaps the first tradable release would be the Nonfarm […]

Because this is the first quarterly release for the 4th quarter of 2017, we are likely to see huge market reactions today, especially if we get at least 0.2% of deviation.  Considering the first release is most likely to surprise the market, Id sit on the sidelines and stay out of the market until after []

Market Review US stock markets advanced to new all-time highs this past week as traders maintained risk sentiment in spite of a barrage of aversion events such as Hurricane Irma, Equifax credit breach, more contempt from the North Korean regime and a terrorist attack in London. Domestically, the US government continued its struggle in tax reform while […]

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CA Core CPI January 26, 2018 Forex News Trading

CA Core CPI is a high impact release for CAD although its usually not very tradable unless we get a huge deviation.  Since we do have the first GDP release out of U.S. at the same time, Id recommend paying close attention to both releases before taking a trade.  As a matter of fact, I []

UK Prelim GDP q/q is a first GDP release for the Q4 of 2017 period, and since it is the first release for the quarter it is also the most likely to surprise the market, thus adding more volatility if we were to get a surprise.   Id wait for the release before taking any []

CA Core Retail Sales is likely a good release to trade today, especially considering recent strength in CAD since the early December 2017; a strong release might push the USDCAD pair to a new low, breaking the support below 1.2350 area 8:30 am CA Core Retail Sales Forecast 0.9% Previous 0.8% DEVIATION: 0.5% (BUY CAD []

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45 am then followed with a press conference at 8:30 am. The market is not expecting any changes today but since last rate decision the EURUSD pair moved from 1.1770 up to the current 1.2220 level, which is a strong sign []

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