FX BOOTCAMP's Blog – April 2012 Archive (31)

Currency Correlations in April

Currency Correlation Matrix

Chart Key:

- strong positive correlation…

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Added by FX BOOTCAMP on April 30, 2012 at 4:25pm — No Comments

Trade of the Week | April 23-27, 2012

Recent trade of the week (TOTW) posts have featured one currency pair stuck in a trading range (EUR/USD) and another pair which showed potential to establish a new trend (USD/JPY). This week's selection is a pair that's been trending for some time.

The EUR/GBP currency pair has been moving from the upper left to the lower right of the weekly chart over the past several months. On 18 April, the…

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Added by FX BOOTCAMP on April 28, 2012 at 6:00am — No Comments

News Preview: Bank of Japan Decision & Outlook

The Bank of Japan (BOJ) is scheduled to announce its latest policy decision and release its semi-annual economic outlook report sometime during Friday's Asian trading session.

Japan experienced extreme inflation immediately following World War II due to ballooning government debt fueled by war spending and other expenditures. Over the 30+ years since the country's 1986-91 asset price bubble, Japan has seen a 20-year period of general disinflation (deceleration in rising prices)…

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Added by FX BOOTCAMP on April 27, 2012 at 2:30am — No Comments

News Preview: FOMC

The Federal Open Market Committee (FOMC) concludes its two-day meeting today. At 12:30pm New York time, the FOMC is due to release its post-meeting statement, and at 2:00pm the Fed will release its latest forecasts for US growth, unemployment, inflation, and participant projections for the federal funds rate (FFR) over the next few years. Fed chairman Ben Bernanke is scheduled to hold a press conference starting at 2:15pm ET.

When evaluating the FOMC statement, the first item traders…

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Added by FX BOOTCAMP on April 25, 2012 at 2:30pm — No Comments

FOREX VIDEO - European Outlook April 25th 2012

Added by FX BOOTCAMP on April 25, 2012 at 12:50am — No Comments

News Preview: UK GDP

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…

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Added by FX BOOTCAMP on April 24, 2012 at 7:30pm — No Comments

News Preview: Australian CPI

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.…

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Added by FX BOOTCAMP on April 23, 2012 at 8:04pm — No Comments

Trade of the Week | April 16-20, 2012

My pick for this week's feature foreign exchange market trade could evolve into a long-term carry trade for currency traders who saw the opportunity, took it, and held it.

Three weeks ago today, I discussed in this post some factors behind the rough start the Japanese yen has had this year, and suggested that "it has…

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Added by FX BOOTCAMP on April 21, 2012 at 12:07am — No Comments

News Preview: Canadian CPI

Although Friday's New York morning session is devoid of major US economic reports, currency traders might want to give consideration toward a report from the Great White North. Statistics Canada is due to release its March consumer price index report at 8:30 am New York time (12:30 GMT).

The USD/CAD currency pair has moved a relatively modest 8 to 18 pips during the first minute following the release of the past eight…

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Added by FX BOOTCAMP on April 20, 2012 at 11:20am — No Comments

News Preview: UK Retail Sales

Friday's London trading session brings an economic report that has been known to rattle sterling, News flow during Thursday's London session will include the latest retail sales figures for the United Kingdom. The monthly statistical bulletin on retail sales from the Office for National Statistics is due for release at 4:30 am New York time (08:30 GMT).

As I discussed in my preview of last month's…

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Added by FX BOOTCAMP on April 20, 2012 at 2:08am — No Comments

News Preview: Spanish Bond Auction

Spain's Treasury, known as the Tesoro Publico, will auction between €1.5 and €2 billion ($2 to $2.6 billion) in two- and ten-year bonds on Thursday. Spanish bond auction results are typically released between 4:30-5:30am New York time (08:30-09:30 GMT). As I mentioned in this post, there's been a lot of recent media attention and market chatter devoted to this bond auction.

Those with a…

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Added by FX BOOTCAMP on April 19, 2012 at 4:28am — No Comments

Creating Your Own Bloomberg Market Monitor

I'm hearing a lot of media and market chatter about tomorrow's government bond auction in Spain. As I mentioned in today's live class at FX Bootcamp, results of that auction could fuel the euro move of the week.



For those of you who would like to monitor yields in some of the bond markets that traders are tracking, but have no access to real-time bond yield data, I recommend that you make use of a free online tool accessible through Bloomberg's web site. Here are the steps to…

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Added by FX BOOTCAMP on April 18, 2012 at 7:30pm — 1 Comment

News Preview: US CPI

You might say that the EUR/USD response to the release of last month's US CPI report defied recent historical norms.

I discussed last month's report and the post-news trade on the euro here.

Although the…

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Added by FX BOOTCAMP on April 13, 2012 at 10:35am — No Comments

News Preview: Australia Employment

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…

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Added by FX BOOTCAMP on April 11, 2012 at 3:52pm — No Comments

FOREX VIDEO - European Outlook April 11th 2012

Added by FX BOOTCAMP on April 11, 2012 at 12:35am — No Comments

GBP/USD volatility

 

I plan to make similar posts in the coming days for other…

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Added by FX BOOTCAMP on April 10, 2012 at 3:00pm — No Comments

EUR/USD Volatility by Time of Day

Related post:

EUR/USD daily range

Curt Wehrley

Twitter: @fxcoachcurt

Currency Coach & Quantitative Analyst…

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Added by FX BOOTCAMP on April 10, 2012 at 3:00am — No Comments

Inter-market correlations

Inter-market Correlation Matrix

Chart Key:



Correlation Symbol - Strong Positive - strong positive correlation…

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Added by FX BOOTCAMP on April 9, 2012 at 8:10pm — No Comments

Currency Correlations

Currency Correlation Matrix

Chart Key:

Correlation Symbol - Strong Positive - strong positive correlation…

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Added by FX BOOTCAMP on April 9, 2012 at 8:07pm — No Comments

NFP in a Nutshell

Some items that jumped out at me from the March US non-farm payrolls (NFP) report released last Friday:

 …

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Added by FX BOOTCAMP on April 8, 2012 at 9:30pm — No Comments

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