SimplifiedFX.com - Forum

13 June - JPY BOJ & USD Core CPI

Admin — Sun, 08 Jun 2008 18:10:32 GMT

6:45am
NZD

Core Retail Sales m/m

0.2%

-0.5%

6:45am
NZD

Retail Sales m/m

0.4%

-1.2%

Tentative
JPY

Overnight Call Rate

0.50%

0.50%

11:10am
AUD

RBA Governor Stevens Speaks

12:30pm
JPY

Industrial Production m/m (r)

-0.3%

-0.3%

1:00pm
JPY

Household Confidence

34.5

35.2

2:00pm
EUR

German CPI m/m (r)

0.6%

0.6%

2:00pm
JPY

BOJ Monthly Report

Tentative ...

12 June USD Core Retail Sales

Admin — Sun, 08 Jun 2008 18:09:01 GMT

12:15am
USD

Fed Governor Kroszner Speaks

2:00am
USD

Beige Book

6:45am
NZD

FPI m/m

0.3%

8:00am
NZD

Performance of Manufacturing Index

51.4

9:30am
AUD

Employment Change

13.8K

25.4K

9:30am
AUD

Unemployment Rate

4.2%

4.2%

2:45pm
EUR

French Final Employment Change q/q

0.3%

0.2%

4:30pm
GBP

BOE Inflation Attitudes

5:00pm
EUR

ECB ...

11 June - GBP Claimant

Admin — Sun, 08 Jun 2008 18:07:39 GMT

6:45am
NZD

Merchandise Terms of Trade q/q

1.0%

2.9%

7:01am
GBP

NIESR GDP Estimate

0.4%

7:50am
JPY

Final GDP q/q

0.9%

0.8%

7:50am
JPY

CGPI y/y

3.9%

3.7%

7:50am
JPY

Current Account

1.8T

2.1T

7:50am
JPY

Final GDP Price Index y/y

-1.4%

-1.4%

8:30am
AUD

WMI Consumer Sentiment m/m

2.7%

2:45pm
EUR

French CPI m/m

0.4%

0.3%

4:30pm
GBP

Claimant ...

10 June - Trade Balance! Watch out for GBP, EURO & JPY

Admin — Sun, 08 Jun 2008 18:06:55 GMT

Tue

Jun 10

12:15am USD New York Fed President Geithner Speaks

12:30am EUR ECB President Trichet Speaks

7:01am GBP RICS House Price Balance -97.2% -95.1%

7:01am GBP BRC Retail Sales Monitor y/y -1.5%

7:50am JPY Core Machinery Orders m/m 3.1% -8.3%

8:15am USD Fed Chairman Bernanke Speaks

9:30am AUD Home Loans m/m -2.0% -6.1%

9:30am AUD NAB Business Confidence -8

2:00pm EUR German WPI m/m 0.6% 0.6%

2:00pm JPY ...

9 June - GBP PPI & CAD Housing

Admin — Sun, 08 Jun 2008 18:01:57 GMT

Mon

Jun 9
7:50am
JPY

M2+CD Money Supply y/y

2.0%
1.9%

1:00pm
JPY

Leading Index m/m

93.0%
94.1%

1:45pm
CHF

Unemployment Rate

2.5%
2.6%

2:00pm
EUR

German Trade Balance

15.5B
16.7B

3:00pm
JPY

Economy Watchers Current Index

34.5
35.5

4:30pm
EUR

Sentix Investor Confidence

3.0
3.5

4:30pm
GBP

PPI Input m/m

2.6%
2.4%

4:30pm
GBP

PPI Output m/m

0.8%
1.4%

8:15pm
CAD

Housing Starts

...

Why Soros Is Getting Ready To Break the Bank of England... Again Part

pipshunter — Fri, 06 Jun 2008 10:55:20 GMT

Good day Currency Traders!

Remember George Soros, you know...the billionaire who got his "celebrity status" by betting against the British pound?

Well he's back and guess what he's betting against once again? The British pound.

He supposedly made over a billion dollars off that one trade even though the Bank of England tried to fight against him.

For months now, both my colleague Jack Crooks and I have called the British pound the "dollar of 2008"...well, it looks ...

9 May - USD Trade Balance

Admin — Mon, 05 May 2008 15:24:57 GMT

9:30am
AUD

RBA Monetary Policy Statement

1:00pm
JPY

Leading Index m/m

20.0%

54.5%

2:45pm
EUR

French Industrial Production m/m

-0.4%

0.3%

7:00pm
CAD

Employment Change

10.0K

14.6K

7:00pm
CAD

Unemployment Rate

6.0%

6.0%

8:30pm
CAD

Trade Balance

4.5B

4.9B

8:30pm
USD

Trade Balance

-61.4B

-62.3B

8 May - GBP Official Bank Rate

Admin — Mon, 05 May 2008 15:22:42 GMT

3:00am
USD

Consumer Credit m/m

6.0B

5.2B

6:45am
NZD

Unemployment Rate

3.5%

3.4%

6:45am
NZD

Employment Change q/q

-0.1%

1.1%

7:01am
USD

NIESR GDP Estimate

0.5%

9:30am
AUD

Employment Change

10.2K

14.8K

9:30am
AUD

Unemployment Rate

4.1%

4.1%

1:45pm
CHF

Unemployment Rate

2.5%

2.5%

2:00pm
EUR

German Trade Balance

16.9B

16.9B

6:00pm ...

7 May - Nonfarm Productivity

Admin — Mon, 05 May 2008 15:21:18 GMT

5:00am
NZD

RBNZ Financial Stability Report

7:01am
GBP

Consumer Confidence Index

74

77

7:30am
AUD

Construction PMI

48.4

2:45pm
EUR

French Government Budget Balance

-22.7B

2:45pm
EUR

French Trade Balance

-3.0B

-2.8B

4:30pm
GBP

Industrial Production m/m

-0.1%

0.3%

4:30pm
GBP

Manufacturing Production m/m

0.0%

0.4%

5:00pm
EUR

Retail Sales m/m

...

6 May - CAD, GBPUSD (JPY Holiday)

Admin — Mon, 05 May 2008 15:20:16 GMT

All Day
JPY

Holiday: Greenery Day Observed

8:30am
USD

Fed Chairman Bernanke Speaks

9:30am
AUD

Trade Balance

-2.90B

-3.29B

12:30pm
AUD

Monetary Policy Statement

12:30pm
AUD

Cash Rate

7.25%

7.25%

1:45pm
CHF

CPI m/m

0.8%

0.3%

3:30pm
EUR

ECB President Trichet Speaks

4:00pm
EUR

Services PMI (r)

51.8

51.8

4:30pm
GBP

Services ...

5 May ISM Non-Manufacturing Composite

Admin — Mon, 05 May 2008 15:17:19 GMT

6:45am
NZD

Labor Cost Index q/q

0.7%

0.7%
1.1%

7:30am
AUD

Services PMI

47.3

54.9

All Day
JPY

Holiday: Children's Day

8:30am
AUD

TDMI Inflation Gauge m/m

0.5%

0.4%

9:30am
AUD

House Price Index q/q

1.1%

0.1%
4.1%

11:00am
NZD

ANZ Commodity Price Index

-0.3%

2.0%

All Day
GBP

Holiday: May Day

4:30pm
EUR

Sentix Investor Confidence

3.5

4.2
4.1

7:40pm
EUR

ECB President Trichet Speaks

...

Dollar Backtracks After Fed Cuts 25 Basis Points [EUR/USD]

pipshunter — Wed, 30 Apr 2008 20:56:57 GMT

Wednesday, April 30, 2008 2:37:00 PM - The dollar was on the defensive versus the euro and sterling after Wednesday afternoon's announcement that the Federal Reserve will lower its key overnight rate by 25 basis points to 2 percent.

It was a busy day leading up to the Fed's rate call. Before the opening bell on Wall Street, data showed the U.S. economy continued to see modest growth in the first three months of 2008, according to a report released by the Department of Commerce on Wednesday.

The ...

Global Round Up - Fed Cuts Quarter Percentage Point, Q1 GDP Unexpectedly Rises

pipshunter — Wed, 30 Apr 2008 20:53:31 GMT

Wednesday, April 30, 2008 2:39:37 PM - Wednesday was one of the most important days on the economic calendar so far this year, highlighted by the Federal Reserve's decision to cut interest rates by a quarter percentage point.

The FOMC voted 8-2 to cut the Fed funds rate. Richard Fischer and Charles Plosser dissented, preferring no change to the overnight rate. The accompanying statement said that labor market have softened and the financial markets are under stress. Addressing price growth ...

Using Two Popular Oscillators: Slow Stochastics and Relative Strength Index

Admin — Sun, 27 Apr 2008 19:54:33 GMT

Two of the more popular computer-generated technical indicators are the Slow Stochastics and Relative Strength Index (RSI) oscillators. (An oscillator, defined in market terms, is a technical study that attempts to measure market price momentum - such as a market being overbought or oversold.)

I'll define and briefly discuss these two oscillators, and then I'll tell you how I use them in my market analysis and trading decisions.

Slow Stochastics:

George Lane has been called the father ...

What Expectations Should You Have of Indicators?

Admin — Sun, 27 Apr 2008 19:51:17 GMT

Indicators are used extensively by traders and technical analysts but what expectations should we have of them?

First of all let's be clear about one issue. Indicators are derived from algorithms that used past data to provide a current value. They are by definition lagging. There are some developers who claim that their indicators are leading indicators - that they provide signals for the next period. Well, there are some such as pivot levels and Fibonacci, but in the ordinary range of indicators ...

The Use of Moving Averages

Admin — Sun, 27 Apr 2008 19:49:48 GMT

Moving Averages may be the most popular technical indicator because they are easy to understand. After all, a 10-day Simple Moving Average is calculated by just taking the closing prices of the last 10 days, adding them together and dividing by 10.

We can then plot those daily numbers on the chart to smooth out the market movement and get a better feel for the mood of the market. Many new traders run into problems as they use the market price crossing the Moving Average or a crossover of two ...

The MACD Indicator: A Great Secondary Tool

Admin — Sun, 27 Apr 2008 19:48:41 GMT

The Moving Average Convergence Divergence (MACD) indicator has the past few years become one of the more popular computer-generated technical indicators.

The MACD, developed by Gerald Appel, is both a trend follower and a market momentum indicator (an oscillator). The MACD is the difference between a fast exponential moving average and a slow exponential moving average. An exponential moving average is a weighted moving average that usually assigns a greater weight to more recent price action. ...

2 May NonFARM!!!! Unemployment

Admin — Sun, 27 Apr 2008 19:15:47 GMT

:00am
USD

Domestic Vehicle Sales

11.4M

11.1M

7:50am
JPY

Monetary Base y/y

-2.3%

0.0%

9:30am
AUD

Retail Sales m/m

0.3%

-0.1%

2:00pm
EUR

German Retail Sales m/m

0.6%

-0.7%

3:30pm
CHF

SVME PMI

55.0

55.3

4:00pm
EUR

Manufacturing PMI (r)

50.8

50.8

4:30pm
GBP

Construction PMI

47.0

47.2

8:30pm
USD

Nonfarm Employment Change

-80K

-80K

8:30pm ...

1 May FOMC USD, GBP MAnufacturing

Admin — Sun, 27 Apr 2008 19:14:47 GMT

2:15am
USD

FOMC Statement

2:15am
USD

Federal Funds Rate

2.00%

2.25%

7:30am
AUD

Manufacturing PMI

51.2

9:30am
AUD

Building Approvals m/m

-0.4%

0.1%

9:30am
JPY

Average Cash Earnings y/y

1.2%

1.5%

All Day
EUR

Holiday: Labour Day

4:30pm
GBP

Manufacturing PMI

50.7

51.3

7:30pm
USD

Challenger Job Cuts y/y

9.4%

8:30pm
USD

Personal ...

30 April - Major News All Pairs!!!

Admin — Sun, 27 Apr 2008 19:13:14 GMT

1:00am GBP MPC Member Blanchflower Speaks

6:45am NZD Building Consents m/m -6.5%

7:01am GBP Consumer Confidence -20.0 -19.0

7:15am JPY Manufacturing PMI 49.5

7:30am JPY Overall Household Spending y/y 0.4% 0.0%

7:30am JPY Unemployment Rate 3.9% 3.9%

7:50am JPY Industrial Production m/m (p) -0.7% 1.6%

Tentative JPY Interest Rate Announcement 0.50% 0.50%

11:00am NZD Business Confidence -57.9

1:00pm JPY Housing Starts ...

29 April - GBP House Prices

Admin — Sun, 27 Apr 2008 19:11:03 GMT

Tue

Apr 29
6:45am
NZD

Trade Balance

0.40B

0.26B

All Day
JPY

Holiday: Showa Day

9:30am
AUD

NAB Quarterly Business Confidence

6.0

Tentative
GBP

Nationwide House Prices m/m

-0.5%

-0.6%

4:00pm
CHF

Consumption Indicator

2.32

4:30pm
GBP

M4 Money Supply m/m

0.8%

4:30pm
GBP

Mortgage Approvals

65K

73K

4:30pm
GBP

Net Lending to Individuals m/m

...

28 April Euro News

Admin — Sun, 27 Apr 2008 19:08:56 GMT

7:50am
JPY

Retail Sales y/y

1.0%

3.2%

7:50am
JPY

Large Retailers' Sales y/y

-0.2%

1.2%

2:00pm
CHF

SNB Board Member Jordan Speaks

2:00pm
EUR

German Consumer Confidence

4.6

4.6

3:00pm
EUR

ECB President Trichet Speaks

Tentative
EUR

German CPI m/m (p)

0.2%

0.5%

Flurry Of Economic Reports Including GDP, FOMC, And Employment Situation On Tap For Next Week

pipshunter — Sun, 27 Apr 2008 18:46:05 GMT

Flurry Of Economic Reports Including GDP, FOMC, And Employment Situation On Tap For Next Week - Economic Preview

Friday, April 25, 2008 4:29:46 PM - It was a session of modest gains on Wall Street, with the Dow closing up around 42 points. Next week, a plethora of economic reports will be released, a stark contrast to this week's quiet economic front.

There are no major economic reports scheduled for Monday. On Tuesday a report on Consumer Confidence in April will get the ball rolling. ...

25 April AUD Holiday / GBP GDP

Admin — Mon, 21 Apr 2008 11:26:00 GMT

All Day
AUD

Holiday: Anzac Day

7:50am
JPY

Core CPI y/y

1.2%

1.0%

7:50am
JPY

Core Tokyo CPI y/y

0.5%

0.6%

2:00pm
EUR

German Import Price Index m/m

0.5%

1.1%

4:00pm
CHF

SNB Chairman Roth Speaks

4:00pm
EUR

M3 Money Supply y/y

10.6%

11.3%

4:30pm
GBP

GDP q/q (p)

0.4%

0.6%

4:30pm
GBP

Index of Services 3m/3m

0.4%

0.5%

10:00pm
USD

Consumer ...

24 April NEWS!!! CAD! EURO! GBP! YEN!

Admin — Mon, 21 Apr 2008 11:24:19 GMT

1:00am
GBP

MPC Member Sentance Speaks

5:00am
NZD

Interest Rate Statement

8.25%

8.25%

7:50am
JPY

All Industries Activity Index m/m

-0.4%

0.0%

7:50am
JPY

CSPI y/y

0.7%

0.7%

4:00pm
EUR

German Ifo Business Climate Index

104.3

104.8

4:00pm
EUR

German Ifo Business Expectations Index

98.0

98.4

4:00pm
EUR

Current Account

-10.6B

4:30pm
GBP

Retail Sales ...

23 April EURO! GBP! CAD!

Admin — Mon, 21 Apr 2008 11:22:46 GMT

7:50am
JPY

Trade Balance

0.89T

0.60T

9:30am
AUD

CPI q/q

1.1%

0.9%

9:30am
AUD

Trimmed Mean CPI q/q

1.0%

1.0%

2:45pm
EUR

French Consumer Spending m/m

-0.2%

1.2%

3:30pm
EUR

German Manufacturing PMI (p)

54.7

55.1

3:30pm
EUR

German Services PMI (p)

51.5

51.8

4:00pm
EUR

Manufacturing PMI (p)

51.6

52.0

4:00pm
EUR

Italian Retail Sales m/m

-0.1%

0.2%

4:00pm ...

22 April USD Home Sales / CAD Interest Statement

Admin — Mon, 21 Apr 2008 11:20:46 GMT

:30am
USD

Fed Governor Kroszner Speaks

2:15pm
CHF

Trade Balance

0.75B
1.50B

7:00pm
GBP

MPC Member Besley Speaks

9:00pm
CAD

Interest Rate Statement

3.00%
3.50%

10:00pm
USD

Existing Home Sales

4.90M
5.03M

10:00pm
USD

Fed Publishes TAF Summary

10:00pm
USD

House Price Index q/q

-1.5%
-1.1%

10:00pm
USD

Richmond Fed Index

3
6

21 April IMF

Admin — Sun, 20 Apr 2008 21:54:17 GMT

6:45am
NZD

Visitor Arrivals m/m

5.3%

7:01am
GBP

Rightmove House Price Index m/m

0.8%

7:50am
JPY

Tertiary Industry Activity Index m/m

-0.5%

0.7%

9:30am
AUD

PPI q/q

1.0%

0.6%

9:30am
AUD

New Motor Vehicle Sales m/m

-2.3%

3:15pm
CHF

PPI m/m

0.3%

0.2%

4:00pm
EUR

IMF Press Conference

5:00pm
EUR

ECB President Trichet Speaks

8:30pm ...

LIBOR Sends Another Shaky Signal to the Global Financial Markets

pipshunter — Sun, 20 Apr 2008 20:12:52 GMT

Morning All,

Just received this HOT NEWS....................

LIBOR Sends Another Shaky Signal to the Global Financial Markets

By Martin Hutchinson

The news that the London Interbank Offer Rate (LIBOR) system of setting interest rates is running into trouble was surprising at first glance. It seems some banks are giving phony LIBOR quotations that don�t reflect the true rates at which they accept deposits. In the perfect financial system, beloved of regulators and academics, ...

7 April - CAD

Admin — Tue, 15 Apr 2008 10:56:42 GMT

7:30am
AUD

Construction PMI

48.4

53.9

9:30am
AUD

Trade Balance

-3.3B

-2.5B
-2.5B

9:30am
AUD

Building Approvals m/m

0.1%

0.0%
1.9%

1:00pm
JPY

Leading Index m/m

50.0%

50.0%
36.4%

1:45pm
CHF

Unemployment Rate

2.5%

2.5%
2.5%

2:45pm
EUR

French Trade Balance

-2.8B

-3.4B
-3.2B

4:30pm
EUR

Sentix Investor Confidence

4.1

0.2
0.4

6:00pm
EUR

German Industrial Production m/m

0.4%

-0.4%
1.4%

8:30pm ...

14 April - Retail Sales

Admin — Tue, 15 Apr 2008 10:51:50 GMT

6:45am
NZD

Retail Sales m/m

-0.7%

0.0%
0.3%

6:45am
NZD

Core Retail Sales m/m

0.2%

0.4%

7:50am
JPY

Monetary Policy Meeting Minutes

9:30am
AUD

Home Loans m/m

-5.9%

0.5%
3.1%

4:30pm
GBP

PPI Input m/m

1.8%

1.8%
1.9%

4:30pm
GBP

PPI Output m/m

0.9%

0.5%
0.5%

5:00pm
EUR

Industrial Production m/m

0.3%

0.2%
0.6%

8:30pm
CAD

New Motor Vehicle Sales m/m

-3.2%

-1.5%
9.1%

8:30pm
USD

Core Retail ...

18 April - Moderate

Admin — Tue, 15 Apr 2008 10:49:56 GMT

:00am
USD

Dallas Fed President Fisher Speaks

9:30am
AUD

Import Price Index q/q

0.5%
0.2%

9:30am
AUD

RBA Bulletin

1:00pm
JPY

Household Confidence

36.5
36.1

2:00pm
EUR

German PPI m/m

0.5%
0.7%

4:30pm
GBP

M4 Money Supply m/m

0.5%
0.2%

4:30pm
GBP

Public Sector Net Borrowing

7.8B
2.7B

8:30pm
CAD

Wholesale Sales m/m

0.5%
2.6%

8:30pm
CAD

Leading Indicators m/m

0.0%
-0.3%

17 April - USD Unemployment Claims

Admin — Tue, 15 Apr 2008 10:44:40 GMT

12:30am
USD

Philadelphia Fed President Plosser Speaks

2:00am
USD

Beige Book

12:30pm
JPY

Industrial Production m/m (r)

-1.2%

-1.2%

3:15pm
CHF

Retail Sales y/y

1.6%

1.3%

4:00pm
EUR

ECB Monthly Bulletin

5:00pm
CHF

ZEW Expectations

-60.0

-71.1

5:00pm
EUR

Trade Balance

-2.0B

-2.0B

7:00pm
CAD

Core CPI m/m

0.3%

0.5%

7:00pm
CAD

CPI ...

16 April - GBP

Admin — Tue, 15 Apr 2008 10:42:19 GMT

1:00am
USD

NAHB Housing Market Index

20
20

8:30am
AUD

WMI Leading Index m/m

0.0%
0.0%

2:00pm
EUR

German CPI m/m (r)

0.5%
0.5%

4:00pm
EUR

Italian Trade Balance

-1.5B
-4.2B

4:30pm
GBP

Average Earnings Index +Bonus q/y

3.6%
3.7%

4:30pm
GBP

Claimant Count Change

-1.8K
-2.8K

4:30pm
GBP

Unemployment Rate

5.2%
5.2%

5:00pm
EUR

CPI y/y (r)

3.5%
3.3%

8:30pm
CAD

Manufacturing Shipments ...

15 April - USD

Admin — Tue, 15 Apr 2008 10:40:14 GMT

7:01am
GBP

RICS House Price Balance

-78.5%

-67.0%

-64.1%

7:01am
GBP

BRC Retail Sales Monitor y/y

-1.6%

1.1%

1.5%

9:30am
AUD

RBA Meeting Minutes

10:40am
AUD

RBA Governor Stevens Speaks

2:45pm
EUR

French CPI m/m

0.8%

0.5%

0.2%

4:30pm
GBP

CPI y/y

2.5%

2.6%

2.5%

4:30pm
GBP

Core CPI y/y

1.2%

1.3%

1.2%

4:30pm
GBP

DCLG House Price Index y/y

6.7%

7.5%

8.0%

4:30pm ...

Soros: �We Have Not Yet Seen the Full Effect of Possible Recession�

pipshunter — Mon, 14 Apr 2008 21:08:48 GMT

Monday, April 14th, 2008

Soros: �We Have Not Yet Seen the Full Effect of Possible Recession�

By Jason Simpkins

Associate Editor Money Morning News

George Soros first made a name for himself with The Quantum Fund, a hedge fund that�s often described as the first real global investment fund, which he and partner Jim Rogers founded in 1970. Over the next decade, Quantum gained 4,200%, while the Standard & Poor�s 500 Index climbed about 50%.

Now, at the age of 77 Soros is ...

A brilliant plan to get what you want....

pipshunter — Wed, 09 Apr 2008 09:57:17 GMT

You can get everything you want with proper planning. A brilliant plan to get what you want. Some call it sneak, some call it genius and wisdom. Call it whatever you want...............BUT HE GOT WHAT HE WANT.

Father: I want you to marry a girl of my choice

Son: 'I will choose my own bride!'

Father: 'But the girl is Bill Gates's daughter.'

Son: 'Well, in that case...ok'

Next Day Father approaches Bill Gates.

Father: 'I have a husband for your daughter.'

Bill Gates: 'But ...

Bollinger Bands Explained

Admin — Mon, 07 Apr 2008 11:19:58 GMT

What are they? Bollinger Bands are a pair of trading bands representing an upper and lower trading range for a particular market price. A market price or currency pair is expected to trade within this upper and lower limit as each band or line represents the predictable range on either side of the moving average. The lines are plotted at standard deviation levels above and below the moving average. This trading band technique was introduced by John Bollinger in the 1980s.

Why use them? Bollinger ...

Using Pivot Levels

Admin — Mon, 07 Apr 2008 10:59:28 GMT

Using Pivot Levels

Utilizing pivot areas along with your analysis can strengthen support and resistance

Not too many books will discuss the use of pivot levels, mostly the topic being covered as being calculated mathematically through the use of daily highs and lows. However, the is an alternative way of looking at pivot levels which, albeit subjective, can provide excellent trading opportunities.

Many years ago the concept of using prior support and resistance levels as pivotal ...

Overbought and Oversold RSI Readings

Admin — Mon, 07 Apr 2008 10:54:02 GMT

When is an overbought RSI reading bullish and when is it bearish?

One classic interpretation of momentum indicators is that of overbought and oversold. Normally these are quite good signals when used within a consolidating market although mere oversold or overbought readings should not be used to buy or sell (respectively) without other forms of analysis and preferably in shorter term time frame charts.

However, these overbought and oversold extremes can be useful within trends also. ...

RSI Indicator: The "Cornerstone" of Andrew Cardwell's Trading Model

Admin — Mon, 07 Apr 2008 10:47:29 GMT

The ideal technical indicator, according to Andrew Cardwell, Jr., is one that offers capability to identify and monitor the current trend, highlight overbought and oversold extremes, and give early warnings of a trend change.

"The Relative Strength Index (RSI) is such an indicator, offering the best of all worlds," said Cardwell, president of Cardwell Financial Group, Inc., based in Woodstock, Ga. The RSI "is the cornerstone of my trading model," he said.

"In ...

What Is The Average Directional Index (ADX)?

Admin — Mon, 07 Apr 2008 10:36:06 GMT

You see that the EUR/USD was moving up strongly, so you bought this pair on the last pullback. But now after another move up, the pair has pulled off of the highs and is moving down and you wonder if there is a way to measure the strength of the move so you could have exited earlier to protect more of your profits. There is and it is called the Average Directional Index (ADX). Developed by J. Welles Wilder, the ADX is meant to evaluate the strength of a current trend, be it up or down. The important ...

8 April - CAD Housing Starts

Admin — Mon, 07 Apr 2008 10:23:57 GMT

All Day USD GCC Meeting

3:00am USD Consumer Credit m/m 5.5B 6.9B

5:30am USD Fed Vice Chairman Kohn Speaks

6:00am NZD NZIER Business Confidence -26

9:30am AUD NAB Business Confidence -2

1:00pm JPY Economy Watchers Current Index 36.0 33.6

8:15pm CAD Housing Starts 225K 257K

10:00pm USD Pending Home Sales m/m -0.8% 0.0%

9 April - FOMC

Admin — Mon, 07 Apr 2008 10:21:19 GMT

2:00am USD FOMC Meeting Minutes

7:01am GBP Consumer Confidence Index 76 78

8:30am AUD WMI Consumer Sentiment m/m 6.0% -9.1%

Tentative JPY Interest Rate Announcement 0.50% 0.50%

2:00pm EUR German Trade Balance 15.7B 17.1B

2:00pm JPY BOJ Monthly Report

2:00pm JPY Machine Tool Orders y/y -0.5%

4:30pm GBP Industrial Production m/m 0.1% -0.1%

4:30pm GBP Manufacturing Production m/m 0.0% 0.4%

5:00pm EUR GDP q/q (r) 0.4% ...

10 April - Interest Rate Statement, Unemployment Claims!!

Admin — Mon, 07 Apr 2008 10:15:52 GMT

1:30am USD Dallas Fed President Fisher Speaks

7:01am GBP NIESR GDP Estimate 0.5%

7:50am JPY Core Machinery Orders m/m -14.0% 19.6%

7:50am JPY Current Account 1.61T 2.07T

7:50am JPY M2+CD Money Supply y/y 2.4% 2.3%

8:00am NZD Performance of Manufacturing Index 52.2

9:30am AUD Employment Change 10.0K 36.7K

9:30am AUD Unemployment Rate 4.1% 4.0%

2:45pm EUR French Industrial Production m/m 0.2% 0.5%

4:00pm EUR Italian Industrial ...

11 April - USD Consumer Sentiment

Admin — Mon, 07 Apr 2008 10:08:34 GMT

1:00am USD Fed Chairman Bernanke Speaks

3:00am CAD BOC Deputy Governor Longworth Speaks

7:50am JPY CGPI y/y 3.4% 3.4%

6:00pm EUR Composite Leading Indicators m/m 97.9

8:30pm CAD New Housing Price Index m/m 0.4% 0.6%

8:30pm USD Import Price Index m/m 1.9% 0.2%

9:00pm USD Dallas Fed President Fisher Speaks

All Day ALL G7 Meeting

10:00pm USD Consumer Sentiment (p) 69.0 69.5

4 April - NonFarm!

Admin — Tue, 01 Apr 2008 14:15:47 GMT

Apr 4

7:30am USD Fed Governor Mishkin Speaks

1:45pm CHF CPI m/m 0.2% 0.1%

2:45pm EUR French Government Budget Balance -6.6B

6:00pm EUR German Factory Orders m/m 0.8% -1.5%

7:00pm CAD Employment Change 15.0K 43.3K

7:00pm CAD Unemployment Rate 5.8% 5.8%

8:30pm USD Nonfarm Employment Change -50K -63K

8:30pm USD Unemployment Rate 5.0% 4.8%

8:30pm USD Average Hourly Earnings m/m 0.3% 0.3%

10:00pm CAD Ivey PMI 62.5