14th August Signal

All the events for today did not trigger our signals. GBP Claimant Count Change came out at 20.1K, while USD Core Retail Sales came out at 0.4% but USDJPY still went down by over 40pips in 1 hour.

Time: 7:00am. Event: EUR German Prelim GDP q/q.

Previous: 1.5%. Forecast: -0.8%.

Recommendations: Buy EURUSD if it is 0% or a positive number for 30pips or more in the first hour of the report.

Sell EURUSD if actual is -1.6% or more negative for 30pips.

EUR CPI y/y will come out at 10:00am.

Previous: 4.1%. Forecast: 4.1%.

Recommendations: Buy EURUSD if actual is 4.3% or higher for 30pips or more in the first hour. Sell EURUSD if it is 3.9% or lower.

Trading this on the retracement might be a good idea.

At 1:30pm we will be watching and probably trading USD Core CPI m/m.

Previous: 0.3%. Forecast: 0.2%.

Recommendations: Buy USDJPY if actual is 0.4% or higher for 30pips in the first 15 minutes. Sell USDJPY if it is 0.0% or negative for 30pips or more.

Please pay attention also to the year over year components to avoid whipsaw.

You may straddle with 10pips stop loss.

Then at 11:45pm we will be watching and probably trading NZD Retail Sales m/m.

Previous: -1.2%. Forecast: 0.1%.

Recommendations: Buy NZDUSD if actual is 0.8% or higher for 20pips in the first 5 minutes.

Sell NZDUSD if it is -0.6% or more negative for 20pips.