Daily Forex Signal & Analysis
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Forex
Today is friday, usually weekly traders take profit at the end of london/US session. As usual, we have bunch of news but seem like in US session news will make more impact and volatile in market today. I think consolidation is still in play in most currency vs usd. Yen is getting stronger but i beleive we haven't reach bottom. Like GBP/JPY, i think maybe we can see 180 in near future but i could be wrong.
Focus today is news in US session. WE have Core Retail Sales m/m, PPI m/m, Retail Sales m/m and Core PPI m/m in 20:30 gmt +8. Census Bureau will release Core Retail Sales m/m & Retail Sales m/m and Department of Labor will release PPI m/m & Core PPI m/m. We might see some nasty volatile movement before and after the news release.
For Core Retail Sales m/m, market is expect data to be lower at -0.2% vs 0.4%. However, for Retail Sales m/m, market is expect data to be higher at 0.2% vs -0.1%. Below is data history for previous 3 month:
Focus today is news in US session. WE have Core Retail Sales m/m, PPI m/m, Retail Sales m/m and Core PPI m/m in 20:30 gmt +8. Census Bureau will release Core Retail Sales m/m & Retail Sales m/m and Department of Labor will release PPI m/m & Core PPI m/m. We might see some nasty volatile movement before and after the news release.
For Core Retail Sales m/m, market is expect data to be lower at -0.2% vs 0.4%. However, for Retail Sales m/m, market is expect data to be higher at 0.2% vs -0.1%. Below is data history for previous 3 month:
Retail Sales m/m history
Core Retail Sales m/m historyPPI m/m is also important data to be release at 20:30 gmt +8. Market is expect data to be lower at -0.5% vs 1.2%. For Core PPI m/m data, market is expect data to be 0.2% vs 0.7% for previous month. Below is data history for previous 3 month:
PPI m/m history
Core PPI m/m historyAt 21:55 gmt +8 we have Prelim UoM Consumer Sentiment. Data will be release by University of Michigan and market is expect 64.0 vs 63.0 for previous month. Below is data history for previous 3 month:
Prelim UoM Consumer Sentiment history1- Forex signal for gbp/usd - Buy @ 1.7500
Status - Open
2- Forex signal for gbp/jpy - Buy @ 186.85
Status - Open
3- Forex signal for aud/usd - Buy @ 0.7950
Status - Open
4- Forex signal for aud/jpy - Buy @ 84.70
Status - Open
5- Forex signal for eur/usd - Buy @ 1.3920
Status -Open
6- Forex signal for eur/jpy - Buy @ 148.75
Status -Open
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