Forex News Trading Strategy For The Week

Forex News Trading Strategy for the 11th of October – 14th of October

This week started off slow with no significant data events on Monday, and holidays in the U.S., Canada, and Japan.

Tuesday

Tuesday is also on the quieter side. However, we will get the results of the latest Australian NAB Business Confidence during Asia, followed by the German ZEW Economic Sentiment during London. October’s ZEW survey is expected to improve over the September print, which came in on the soft side of expectations at 0.5.

Wednesday

Wednesday brings the release of the FOMC Minutes from the September meeting. As a matter of fact, traders will be looking for a more detailed description of Fed opinions, trying to find any clues as to what lies ahead for the central bank.

Thursday

China returns from holiday this week and will release some key economic indicators, the first being the Trade Balance print for September on Thursday, expected to print at $53.0 billion. August’s trade surplus came in at $52.05 billion missing expectations of $58.2 billion. Exports declined for the 14th month by 2.8% y/y, while imports broke a 21-month string of declines with an increase of 1.5% y/y. Later during New York, we will see the weekly EIA Inventories report.

Friday

The RBA leads the way on Friday with the Financial Stability Report during Asia, followed by Chinese inflation data. You can expect Chinese CPI to come in at 1.6% y/y in September, after missing expectations in August. The August release fell short of the 1.6% consensus, printing at 1.3%.

Later to begin Friday’s New York session, we will see the latest Retail Sales and PPI from the U.S. Overall Retail Sales fell off in August, but are expected to bounce back in September of 0.6% on the back of strong unit auto sales. Moreover, excluding autos is also expected to bounce back for the month at 0.5%.

We will close out the week with the latest University of Michigan Consumer Sentiment report. The consensus for the October preliminary reading is 92.0

You can find other Forex news trading events taking place this week here: Forex Factory Calendar.

P.S. – If you want to learn more about how I trade, check out the link below

Jarratt Davis – Free Forex Course

The post Forex News Trading Strategy For The Week appeared first on Jarratt Davis.

Source:: Forex News Trading Strategy For The Week

Won't your trader friends like this?
Jarratt Davis
About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]

Related Posts

Leave a Reply

*