Forex Trading Signals by Magister Pips, 2012/02/14
0830 US Retail Sales Less Autos m/m (+0.5% expected, -0.2% previous, 0.0% to +1.8% range)
Affliated Reports:
US Advance Retail Sales m/m (+0.8% expected, +0.1% previous, +0.3% to +2.0% range)
US Retail Sales Ex Auto & Gas (+0.5% expected, 0.0% previous, +0.3% to +1.8% range)
US Import Price Index m/m (+0.3% expected, -0.1% previous, -0.2% to +0.8% range)
US Import Price Index y/y (+7.2% expected, +8.5% previous, +6.7% to +7.5% range)
Last month a -0.5% on Less Autos m/m came with a -0.4% deviation lower on the Ex Autos & Gas and
a -0.2% on the Advance figure. The CADJPY sold off about 20 pips over the next 20 minutes as did
EURJPY & GBPJPY over different period of time. The USDJPY did move down a bit initially but not
alot, however half an hour later it accelerated downwards. However it does not seem to move much
these days on US News, unless it is the NFP or or other big deviation. IT is best to trade a stock
Index on US news, whether a futures contract or some sort of ETF, CFD or other such thing which
mirrors to moves of the Broad Index. The EMini S&P 500 futures contract did move down from about
1294-5 area down to the 1289-90 aread over 3-15 minutes before starting a bounce 30 min later at
the top of the hour. The DAX or other major european index or other US indices such as the DOW
should also follow this move. So based on last month a +/-0.5 should be ok to trade on a Stock
Index or if you can make money on a 20 pip move on the CADJPY, as long as the other 2 Retail Sales
figures agree. If you are stuck with forex and cannot get much profit from a 20 pip move then
widen out triggers to +/-0.7
If RS-Less Autos comes out at +1.0% or higher, and the Ex Auto&Gas and Advance figures agree
EMini S&P 500 should rally 4-6 points, CADJPY 20-30 pips
If RS-Less Autos comes out at 0.0% or lower, and the Ex Auto&Gas and Advance figures agree
EMini S&P 500 should drop 4-6 points, CADJPY 20-30 pips
If RS-Less Autos comes out at +1.2% or higher, CADJPY should rally 40-60 pips
If RS-Less Autos comes out at -0.2% or higher, CADJPY should rally 40-60 pips
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