sterling in friday.was consolidating between 1.5417 and 1.55(psychological level).gbp closed around top of ichimoku cloud and await for monday.this week we'll see PMI's for U.K.these data will be really important for this pair because if we'll see bad news then market might reversal from 1.5440/50 area if good then price will be heading to 50% retracement 1.5595/1.5605 levels,please be carefully with this level because brakout it should take sterling up till 1.5770/80 area in next few…

This is a continuation of my previous blog Preparing for the Unexpected in Trading.  I did not dare include this part, because I knew most traders would have a good feeling about their trades early this week (news were coming out).  But this is end of the week and it's time for a reality check! 

1)      In Sun Tzu, The Art of War, it says “every battle is won even…

if you like pips, the narket gave more than that today...525 pips so far for me.

The reversal was obvious since yesterday night...price were hovering around weekly and monthly levels.…

Wednesday's New York morning session news schedule features ADP's National Employment Report, due out at 8:15am ET (12:15 GMT). The consensus forecast derived from a Bloomberg News survey calls for an estimated 170,000 workers added by US companies in April. The previous report showed that the private workforce grew by 209,000 in March.

The prior four ADP releases have had no lasting impact on the price of the EUR/USD or EUR/JPY…

The Office for National Statistics (ONS) is scheduled to publish UK first quarter growth domestic product (GDP) data on Wednesday at 9:30am London time (4:30am New York time). The ONS publishes three separate GDP estimates over as many months for each quarter. Tomorrow's preliminary release will provide the first estimates of GDP figures for the first quarter.

As the graph below illustrates, the UK has recently wavered between…

The Australian Bureau of Statistics (ABS) publishes figures on consumer prices in the so-called sunburnt country about 25 days following the end of each quarter. The latest report containing data for the first quarter is due out on Tuesday at 01:30 GMT (9:30pm New York time on Monday).

Simply put, this report can definitely rattle the so-called Aussie.…

Most intra-day traders like some price volatility. Volatility means price movement, and movement -- if one's trade is pointed in the right direction, of course -- can translate into profits.

I mentioned in this post that the Australian jobs report can certainly move the Aussie. As the graph below illustrates, sharp moves on the AUD/USD currency pair during the first few minutes following that…

At 8:15 am New York time (12:15 GMT), US-based payroll processing company ADP is expected to release its National Employment Report for March. The consensus forecast, based on the median estimate of economists surveyed by Bloomberg News, calls for a month-to-month increase of 206,000 US jobs.

Tradeable volatility on the US dollar pairs has been largely absent during the hour following the release of the past twelve ADP reports. By contrast, the Japanese yen has generally shown more…

The Federal Open Market Committee (FOMC) is expected to release the minutes from its 13 March meeting on Tuesday 3 April at 2:00 pm New York time (18:00 GMT). Traders and investors look to the meeting minutes for clues to the US central bank's next policy move.

Over the past month, the market has seemed increasingly uncertain about the direction and timing of the Fed's next move. During his Humphrey-Hawkins testimony to the US House Financial Services Committee on 29 February, Federal…

The Institute for Supply Management (ISM) has been publishing the results of its surveys of US purchasing and supply executives for most of the past 80 years. Results from its March survey of the US manufacturing sector are due for release on Monday, 2 April at 10:00am New York time (14:00 GMT).

The EUR/USD currency pair has moved 150 pips from its pre-release price in two hours following two of the past twelve ISM manufacturing reports. However, such post-ISM moves have increasing…

Direct link: …

The results of the Ifo institute’s latest survey of 7,000 German business executives are due for release on Monday at 4:00 am New York time (08:00 GMT). The median forecast of 44 economists surveyed by Bloomberg News calls for the March business climate index to match February's reading of 109.6, a 7-month high.

The release of this report frequently has an immediate effect on EUR/USD price action – the euro has moved more than 20 pips during the first minute following the release of…

The United Kingdom's Office for National Statistics is scheduled to release its Consumer Price Indices report for February on Tuesday at 5:30am New York time (9:30 GMT).

The combination of fewer surprises in CPI readings over recent months plus lower volatility across the currency market has likely contributed to more muted responses of late on the pair known to many traders as cable:…

Can the U.S. Consumer Price Index (CPI) report add volatility to the currency market? In theory, I suppose the answer is yes.

The above graph notes that the average move on the EUR/USD currency pair following the release of the past eight CPI reports has been 10 pips.…

The New York Session is just starting and we've already achieve the Average Daily Range for the EUR/USD.  Should we look for a pull back and short again?…

Risk is on, risk is off. Stocks slump, stocks recover. Dollar win, dollar loses. And in the mid time prices are not that much changed from past week levels, yet gold reached a fresh record high, and holds steady above $ 1600/oz, showing us investors are not willing to risk with currencies right now.

The EUR/USD tug of war seems not going to have a positive outcome for the European currency: early this morning, ECB member Ewald Nowotny suggested the bank may compromise and…