Global Events Calendar [29-10-2007] - [02-11-2007]

*Time is with respect to Singapore Time (GMT+8:00)

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Global Events Calendar [29-10-2007] - [02-11-2007]
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Monday [29-10-2007]
7:50am-----------JPY Retail Sales y/y
7:50am-----------JPY Large Retailers' Sales y/y
5:30pm-----------GBP Mortgage Approvals
5:30pm-----------GBP Net Lending to Individuals m/m
[Time Unknown]---EUR German CPI m/m (p)

Tuesday [30-10-2007]
1:15am---USD Alan Greenspan Speaks
7:30am---JPY Overall Household Spending y/y
7:30am---JPY Unemployment Rate
4:55pm---EUR German Unemployment Rate
5:00pm---CHF Consumption Indicator
9:00pm---USD National Home Price Index
10:00pm--USD Consumer Confidence

Wednesday [31-10-2007]
7:30am-----------JPY Manufacturing PMI
9:30am-----------JPY Average Cash Earnings y/y
[Time Unknown]---JPY Interest Rate Announcement
1:00pm-----------JPY Housing Starts y/y
2:00pm-----------EUR German Retail Sales m/m
[Time Unknown]---JPY BOJ Governor Fukui Speaks
3:00pm-----------GBP Nationwide House Prices m/m
5:00pm-----------EUR Consumer Confidence
6:00pm-----------EUR CPI y/y (p)
6:00pm-----------EUR Unemployment Rate
6:00pm-----------EUR Italian CPI m/m
6:30pm-----------GBP Consumer Confidence
6:30pm-----------CHF Leading Index m/m
8:15pm-----------USD ADP Nonfarm Employment Change
8:30pm-----------USD GDP Annualized q/q (p)
8:30pm-----------USD GDP Deflator Annualized q/q (p)
8:30pm-----------USD ECI q/q
9:45pm-----------USD Chicago PMI
10:00pm----------USD Construction Spending m/m
10:30pm----------USD Crude Oil Inventories

Thursday [01-11-2007]
2:15am---USD Interest Rate Statement
4:30pm---CHF SVME PMI
5:40pm---GBP Manufacturing PMI
7:00pm---GBP CBI Distributive Trades Realized
8:30pm---USD Core PCE Price Index m/m
8:30pm---USD Personal Spending m/m
8:30pm---USD Personal Income m/m
8:30pm---USD Unemployment Claims
10:00pm--USD ISM Manufacturing Index
10:00pm--USD ISM Manufacturing Prices

Friday [02-11-2007]
[Time Unknown]---USD Domestic Vehicle Sales
7:50am-----------JPY Monetary Base y/y
2:45pm-----------CHF CPI m/m
4:55pm-----------EUR German Manufacturing PMI
5:00pm-----------EUR Manufacturing PMI (r)
5:30pm-----------GBP Construction PMI
8:30pm-----------USD Nonfarm Employment Change
8:30pm-----------USD Unemployment Rate
8:30pm-----------USD Average Hourly Earnings m/m
10:00pm----------USD Factory Orders m/m

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My GBP/JPY Trade (25-10-2007) - Update 3

Hello guys. This is the final update on my GBP/JPY trade. I have just manually closed the trade with 50pips profit at the price line of 234.04 and nice interest gain.

GBP seems to weaken further against the EUR and it cannot break above my 200ma in the hourly chart and it is able to break below my support at around 234.10-234.07. Should have initiated the trade with EUR/JPY instead and it really went my way with the same style of analysis. Hehehehe...

Anyways, I will still try to tame this active tiger, the GBP/JPY and hopefully I will be able to share it with your guys in time to come :) Next week, I am expecting to see weird movements on the majors. Let's see how it goes :)

Peace and trade safely everyone...

Trade wth extra care for the moment...

Hello everyone :)

At this point, please trade with extra care, especially on the EUR/USD. Market is testing last week's high and next week, [Thursday, 01-11-2007], at 2:15am (Singapore Time), is the USD's Interest Rate Statement. It is not clear whether the FED's will go for a rate cut and people are fighting on it.

If this week's candle end as a hanging man, it is possible that last week's high is toppish but if it is able to break it, 1.4535 is the next top side to look out for.

On top of that, next week is also the frst Friday of the month, the release of the Non-Farm Payroll data and a couple more of other data releases. This week is possible that market is doing some built in to anticipate USD's Interest Rate Statement which is next week.

JPY's Interest Rate Statement is also next week, [Wednesday, (31-10-2007)], most likely that their rate will go unchange at 0.50%.

Peace and trade safely everyone...

My GBP/JPY Trade (25-10-2007) - Update 2

*Attached chart. Click on it for the enlarged version.

Hello hello again :) Today, [26-10-2007], let's see how is my trade on the GBP/JPY is doing.

After the previous two post on this GBP/JPY trade of mine, [My GBP/JPY Trade (25-10-2007] and [My GBP/JPY Trade [25-10-2007] - Update 1], I am expecting this pair to have an upclose in the daily chart.

Anyway, back to the hourly chart. I have drawn some more lines which is coloured in dark blue. The final uptrend line is still the same as the original Line 5 in orange. Yesterday, it managed to break above my first resistance level at around 234.10. Now, it has to break another resistance level around 234.90-235.00 or the 200ma.

If market is unable to break above this resistance level by today, there is two possibilty that I will do. 1) I will manually close my trade or 2) Adjust my Stop Loss to my entry price.

If market is able to break above, I will shift my Stop Loss to entry price.

Currently, this trade is 90pips in the money.

Do not follow this trade or take it as a trading idea. It is merely for educational and public viewing purposes.

Peace and trade safely everyone...

My GBP/JPY Trade (25-10-2007) - Update 1

*Attached chart. Click on it for the enlarged version.

Hello people. From my previous post on the my GBP/JPY Trade (25-10-2007). The forecast Line 5 that I drew, today, market had a little set-back with strong resistance at around the price line of 234.10.

According to the chart that I've attached to this post, the original Line 5 in orange is still there but I have extended it with another forecast lines in light blue and the final forecast line in blue having the same parameters with the original forecast Line 5.

I am still keeping this trade open. To recap a little bit on this trade, I initiated this trade at the price line of 233.54, Stop Loss at 232.50 and Target Profit at 237.70.

This trade that I am doing, no doubt I am using my live account but it is only for testing purposes on a method I have just thought of. Do not follow it or take it as a trading idea. It is merely for educational and public viewing purposes.

I will still update on the outcome of this trade. Be it if I get stopped out, my traget profit was hit or I close it manually :) Let's find it out together :) Currently, this trade is 40pips in the money.

Peace and trade safely everyone...

My GBP/JPY Trade (25-10-2007)

*Attached chart. Click on it for the enlarged version.

Hello everyone! How is everyone doing? This week has been one interesting week :P Hehehe!!! Anyway, this is one of my many many trades this week. Yesterday, I was happily whacking the EUR/JPY, squeezing as many pips out of the market :P Hahaha!

This particular trade of mine is very very rare. One of few times that I will actually touch the GBP/JPY. I have just initiated a long position on the GBP/JPY at 12:00am (Singapore Time), the stroke of mid-night and hence a new date [25-10-2007], at the price line of 233.54.

Why did I initiate a long position? This is a good question. Attached chart to this post. According to my chart, I am actually testing something. Something that I called a similar wave pattern.

From the channel that I have drawn, first line up which I call Line 1, followed by Line 2 which is coming down after hitting the resistance of the channel, little Line 3 going up, followed by Line 4 going down touching the support of the channel. Not only Line 4 touch the support of the channel, the last candle formed into a doji with a reasonable rejection tail. So Line 5 which I assume will be similar to Line 1, I drew it to expect the possible target profit.

Hence, initiated long position at the price line of 233.54 with Target Profit at 237.70 and Stop Loss at 232.50.

This is a method that I am testing out which I want to share with you guys but please do not follow or take it as a trade idea, this is merely for education and entertainment viewing purposes. It might work and it might not work but let's find out together :) I will definitely update on the outcome of it.

Peace and trade safely everyone...

EUR/USD (Follow through after drop) 22-10-2007

*Attached chart. Click on it for the enlarged version.

Hello people. EUR/USD has finally did what I was expecting it to do like two weeks ago. Hahahaha!!! A lot of people are expecting EUR/USD to strengthen further after the G7, but hey, USD strengthens for EUR/USD retracement :P Hehehe! See? Technicals wins against the Fundamentals again :P Hahaha...

Anyway, EUR/USD had a follow through on the downside after it broke below the 1.4300 level, which I had highlighted like a few hours ago. Let's see how it will go from here.

Peaces and trade safely everyone...

EUR/USD (Drop back below 1.4300) 22-10-2007

*Attached chart. Click on it for the enlarged version.

Hello people. Now it is 6:00pm (Singapore Time). EUR/USD has dropped back below the 1.4300 level. Is it having its retracement now? This week, do watch out on the Majors. It will be a crucial and interesting week to see :)

EUR/USD - Watch out for support at 1.4240...

Peace and trade safely everyone...

Global Events Calendar [22-10-2007] - [26-10-2007]

*Time is with respect to Singapore Time (GMT+8:00).

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Global Events Calendar [22-10-2007] - [26-10-2007]
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Monday [22-10-2007]
8:15pm---USD Fed Governor Kroszner Speaks

Tuesday [23-10-2007]
7:00am---USD Chicago Fed President Evans Speaks
8:45am---EUR ECB President Trichet Speaks
2:45pm---EUR French Consumer Spending m/m
4:00pm---EUR Italian Retail Sales m/m
5:00pm---EUR Industrial New Orders m/m
6:00pm---GBP CBI Industrial Trends Orders
8:30pm---USD Treasury Secretary Paulson Speaks
10:00pm--USD Richmond Fed Index

Wednesday [24-10-2007]
7:50am---JPY Trade Balance
4:00pm---EUR Manufacturing PMI (p)
4:00pm---EUR Services PMI (p)
4:00pm---EUR Current Account
10:00pm--USD Existing Home Sales
10:30pm--USD Crude Oil Inventories

Thursday [25-10-2007]
12:00am--EUR ECB President Trichet Speaks
7:50am---JPY CSPI y/y
2:00pm---EUR German Import Price Index m/m
4:00pm---EUR German Ifo Business Climate Index
4:00pm---EUR German Ifo Business Expectations Index
4:30pm---GBP BBA Mortgage Approvals
8:30pm---USD Durable Goods Orders m/m
8:30pm---USD Core Durable Goods Orders m/m
8:30pm---USD Unemployment Claims
9:00pm---USD Fed Consumer Advisory Council Meets
10:00pm--USD New Home Sales

Friday [26-10-2007]
7:30am---JPY Core CPI y/y
7:30am---JPY Core Tokyo CPI y/y
7:50am---JPY Industrial Production m/m (p)
2:00pm---EUR German Consumer Confidence
3:15pm---CHF PPI m/m
4:00pm---EUR M3 Money Supply y/y
10:00pm--USD Consumer Sentiment (r)

[After Friday's Mid-night]
4:15am---USD Fed Governor Mishkin Speaks

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EUR/USD (Testing yesterday's High)

*Attached chart. Click on it for the enlarged version.

Hello people. EUR/USD is getting a little interesting. After the bear flag that has been spotted, now market is testing yesterday's high, which is at 1.4225. If market is unable to break above this price, I am still in the seller's side for this pair.

If market is able to punch through yesterday's high, the next ceiling that is good to look at will be at the price line of 1.4240, which is the recent Double-Top in the hourly chart for this pair :)

Peace and trade safely everyone...

EUR/USD (Bear Flag Spotted?)

*Attached chart. Click on it for the enlarged version.

Hello everyone. Something in the EUR/USD hourly charts that seems a little interesting. After the Double-Top formation being seen, now it looks like a Bear Flag is spotted. Is EUR/USD really in the top side and make some way for the down side for retracement? Let's find it out together :)

Global Events Calendar [15-10-2007] - [19-10-2007]

*Time is with respect to Singapore Time (GMT+8:00).

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Global Events Calendar [15-10-2007] - [19-10-2007]
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Monday [15-10-2007]
7:01am---GBP Rightmove House Price Index m/m
8:30am---JPY BOJ Governor Fukui Speaks
12:30pm--JPY Industrial Production m/m (r)
8:30pm---USD Empire State Business Conditions Index

Tuesday [16-10-2007]
7:00am---USD Fed Chairman Bernanke Speaks
2:00pm---EUR German CPI m/m (r)
3:15pm---CHF Retail Sales y/y
4:30pm---GBP CPI y/y
4:30pm---GBP Core CPI y/y
4:30pm---GBP RPI y/y
5:00pm---EUR German ZEW Economic Sentiment
5:00pm---EUR ZEW Economic Sentiment
5:00pm---EUR CPI m/m (r)
9:00pm---USD TIC Net Long-Term Transactions
9:15pm---USD Industrial Production m/m
9:15pm---USD Capacity Utilization Rate
11:00pm--USD Treasury Secretary Paulson Speaks

Wednesday [17-10-2007]
1:00am---USD NAHB Housing Market Index
7:50am---JPY Tertiary Industry Activity Index m/m
1:00pm---JPY Leading Index m/m
4:30pm---GBP MPC Meeting Minutes
4:30pm---GBP Average Earnings Index +Bonus q/y
4:30pm---GBP Claimant Count Change
4:30pm---GBP Unemployment Rate
8:30pm---USD CPI m/m
8:30pm---USD Core CPI m/m
8:30pm---USD Housing Starts
8:30pm---USD Building Permits
10:30pm--USD Crude Oil Inventories

Thursday [18-10-2007]
2:00am---USD Beige Book
8:45am---USD Kansas City Fed President Hoenig Speaks
2:15pm---CHF Trade Balance
4:30pm---GBP Retail Sales m/m
4:30pm---GBP M4 Money Supply m/m
4:30pm---GBP Public Sector Net Borrowing
5:00pm---CHF ZEW Expectations
5:00pm---EUR Trade Balance
8:30pm---USD Unemployment Claims
10:00pm--USD Leading Index m/m

Friday [19-10-2007]
12:00am USD Philadelphia Fed Manufacturing Index
5:00am---EUR ECB President Trichet Speaks
7:50am---JPY All Industries Activity Index m/m
2:00pm---EUR German PPI m/m
4:30pm---GBP GDP q/q (p)
4:30pm---GBP Index of Services 3m/3m
5:00pm---EUR Italian Trade Balance
10:00pm--USD Fed Chairman Bernanke Speaks

[After Friday's Mid-night]
[Time Unknown]---ALL G8 Press Conference

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Selamat Hari Raya Aidilfitri!

To all muslim traders and loyal readers of ForexNewspaper.blogspot.com,

ForexNewspaper.blogspot.com will like to wish all muslims around the world and its fellow readers a Selamat Hari Raya Aidilfitri :)

Warmest Regards,
ForexNewspaper.blogspot.com

Future Upgrades on ForexNewspaper.blogspot.com

Greetings fellow traders and loyal readers of ForexNewspaper.blogspot.com,

In time to come, ForexNewspaper.blogspot.com is looking at future upgrades on its blog posts, other than general market outlook, Global Economic Calendar and posting of some of my trades. One of the upgrades that I am looking at is to provide ForexNewspaper.blogspot.com's very own weekly analysis on the Forex market.

The weekly updates that I will be doing is for general educational and sharing purposes. Do not take it as trading tips or ideas. Do bear in mind that there is significant risks in Forex market.

Not only that ForexNewspaper.blogspot.com will do weekly market analysis, it is planning to do it in video form. You heard it right, it will be in video form. I will either use YouTube as a medium or other video hosting websites that are available, like Veoh.com :) Whichever service that I will use, will be decided on the factors that will benefit the both of us, ForexNewspaper.blogspot.com and its fellow readers.

Lastly, to end this post, ForexNewspaper.blogspot.com will introduce a friend of mine, his name is Frankenstein. He will be the one that is in the video, doing weekly market analysis and the analysis will be called, "Franky Forex Outlook". :)

Do stay tune on the progress of the future upgrades that ForexNewspaper.blogspot.com is looking at.

Warmest Regards,
Author of ForexNewspaper.blogspot.com

My EUR/JPY Trade (09-10-2007)

*Click on the chart for the enlarged version.

Hello people. One of my recent trades. This one is on the EUR/JPY.

Yesterday, I went in long on this pair at around 10:50pm :) So what I saw was that, 9:00pm (Singapore Time) candle finished with a down close hammer formation and it can't break below the 200ma in my hourly chart. Initiated the long position at the price line of 164.60. Stop Loss at 164.30 and Target Profit at 165.50. At around 2:00am (Singapore Time) I was already in the money and I shifted my stop loss to my entry price.

This afternoon (10-10-2007), I manually close my trade at the price line of 165.34 at around 12:30pm (Singapore Time). That is a 74pips profit for this trade.

My EUR/USD Trade [01-10-2007]

Hello people,

On the [01-10-2007], I inititated a short position on the EUR/USD at 2:24pm (Singapore Time). This pair looks kind of resting based on the charts and I was expecting a little retracement or technical correction after how it ran on the upside last week.

Nonetheless, I was wanting to see some sellers commitment in the market first before initiating the short position. Initially, after initiating the short position at the price line of 1.4254, my stop loss was at 1.4274 and target profit at 1.4190.

As time goes by, I see more sellers commitment and I decided to change my target profit level to 1.4120. I reached home around 9:00pm (Singapore Time) that day and I was prepared to see the USD's ISM Manufacturing data release at 10:00pm (Singapore Time) to decide on whether to close my trade or not. At around 9:55pm (Singapore Time), I had decided to keep my trade open and shift my stop loss to my entry price but, hehehehe, not actually at my entry price, it is 1pip away, which is at 1.4253 :P Hahaha! I will tell you why. I am a little greedy boy, even if market were to stop me out, this trade is still considered a winning trade with 1pip profit :P Hahahaha!!!

Anyway, at 10:00pm (Singapore Time), I was watching the market and it was a dissappointing wait, not much action happened and it was good news to me, market didn't want to go up. The whole of [02-10-2007], was just looking at it and there is no signs that is showing that buyers commiment are coming back in. So, I was confident enough to keep my trade open till today [03-10-2007].

Woke up at 4:50am (Singapore Time), thanx to my mum. Woke up, ate some food before fasting starts and at 5:15am (Singapore Time), watched my charts, a little air headed and I decide to close my trade manually at 5:20am (Singapore Time), at the price line of 1.4156. That is a 98pips profit for this week as of now :)

Peace and trade safely everyone...