A lot of volatility is expected next week. Important events for upcoming week are..
MONDAY, JUNE 26th
USD Durable Goods Orders (MAY P) " The value of orders placed for relatively long lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of U.S. output to come."
TUESDAY, JUNE 27th
USD Consumer Confidence (JUN) " Assessment of consumer sentiment regarding business conditions, employment and personal income 7.58% . Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any U.S. measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand."
USD Fed's Yellen Speaks on Global Economic Issues in London
WEDNESDAY, JUNE 28th
USD Advance Goods Trade Balance (MAY)
CAD Bank of Canada's Poloz at ECB Panel
THURSDAY, JUNE 29th
USD Gross Domestic Product (Annualized) (1Q T) " The GDP for the United States is a gauge of the overall output (goods & services) of the U.S. economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy. If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise"
FRIDAY, JUNE 30th
CAD Gross Domestic Product (YoY) (APR)
USD Personal Consumption Expenditure Core (YoY) (MAY)
MONDAY, JUNE 26th
USD Durable Goods Orders (MAY P) " The value of orders placed for relatively long lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of U.S. output to come."
TUESDAY, JUNE 27th
USD Consumer Confidence (JUN) " Assessment of consumer sentiment regarding business conditions, employment and personal income 7.58% . Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any U.S. measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand."
USD Fed's Yellen Speaks on Global Economic Issues in London
WEDNESDAY, JUNE 28th
USD Advance Goods Trade Balance (MAY)
CAD Bank of Canada's Poloz at ECB Panel
THURSDAY, JUNE 29th
USD Gross Domestic Product (Annualized) (1Q T) " The GDP for the United States is a gauge of the overall output (goods & services) of the U.S. economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight as to the driving forces of the economy. If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise"
FRIDAY, JUNE 30th
CAD Gross Domestic Product (YoY) (APR)
USD Personal Consumption Expenditure Core (YoY) (MAY)
Trade active:
I was hoping for a pullback before this however it didn't occur and no entries were made. As you can see there was a great movement and could've made some nice profits. Fortunately NZD/USD presented itself (:
Every chart (good or bad) becomes your HW place
Every chart (good or bad) becomes your HW place
