11th Week FX Calendar Event 2019Monday
USD---Core Retail Sales and Retail Sales projected to increase. Good for the currency. Powell speaks by 8:30pm, I would be out of the market and will pay attention to his speech.
GBP--- Haskel speaks.
AUD--- RBA Debelle speaks.
GBP---- GDP and Manufacturing Production expected to be up by 0.2%. Good for the currency. However, I am staying clear off the pound because of Brexit vote brouhaha coming up this day.
USD--- CPI to increase by 0.2% while core CPI forecasted to remain same. Good for the currency
GBP--- Annual budget release. I simply don’t know how to trade this so I am still on the sideline for GBP.
USD---- Core Durable Goods Order to remain same. PPI to increase and Core PPI decrease slightly from 0.3 to 0.2.Good for the currency since the overall PPI data is up.
CNY--- Fixed Asset Investment to increase slightly while Industrial production to decrease slightly.
CAD—Wilkins speaks by 6:50pm
JPY---Monetary Policy Statement.
JPY—BOJ Press Conference and Gov Kuroda speaks.
CAD---Manufacturing sales (No forecast data yet)
USD--- \Prelim Consumer Sentiment. Projection is up good for the currency.
Output Based on weekly event: USD and GBP
However, GBP is out of the equation. .
What the DXY is telling me: IF H4 candle closes above 97.61 bullish USD look for a break downward in EURUSD AUDUSD otherwise the converse is true
WTI: Oil chart is telling me that is headed downward. To prove me wrong it has to close convincingly on H4 candle above 57.55.
S&P 500: Is headed down. To prove me wrong it has to close above 2820 on H4 candle.
Trade idea: if oil continues down and sp500 does same buy JPY (EURJPY. AUDJPY. CADJPY-----short).
For all my analysis this week the converse is true if the facts change making it an interesting week.