On the menu for this afternoon

View Comments

All times GMT:

1330- US trade balance for October, exp -$42.5 bln after $-41.5 in Sept

1330- Canadian Oct trade balance exp C$-1.2 bln from C$-0.8bln

1500- US Dec IBD consumer optimism index , exp 50.5  from 48.6

1500- US Oct wholesale inventories, exp +0.4% m/m from +1.1%

1820- BOC Governor Carney speaks at the Toronto CFA society


All|Economic Data|Europe|Regions

Canadian economy|US economy

Pete Jackson


  1. Hi Pete hope u saw the message yesterday. Made some good pips on my trades we discussed. Do you have an news on audusd? Up or down? I am short it but getting a bit worried before FOMC.

  2. No change in the bigger picture view in the a$, as upward ranging into the end of the year, but as part of a longer term topping (below the ceiling of the large triangle/pennant since July 2011) is still favored. May be forming a rising wedge pattern since Oct, and fits the view of another few weeks of ranging higher before completing a more important top .So for now, would trade ranges with an upward bias, looking to buy a pullback toward the base (currently at 1.0360/70), then being aggressive with trailing stops on approach of the ceiling (cur at 1.0515/25). Longer term resistance above there is seen at the ceiling of the large triangle/pennant (currently at 1.0580/95).

  3. Hi Pdowusu, well it’s rather range bound at the moment with talk of reasonable offers from 1.0500 up to barriers at 1.0525 and 1.0550. Some weight also being felt by the run off in AUD/NZD which is also helping cap the AUD/USD . ( see my earlier comment this morning http://www.forexlive.com/blog/2012/12/11/audusd-remains-wedged/ )

  4. Thanks Pete. One last question how would you trade the Japanese elections next week? A stronger or weaker yen?

  5. FYI: just in case anyone cares what owners of small businesses in the US are thinking right now: http://www.nfib.com/research-foundation/surveys/small-business-economic-trends


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.