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US GDP - Oct 27

  • #61
  • Oct 27, 2006 11:04am Oct 27, 2006 11:04am
Quoting PipStar
I use several brokers but that GBP short at 1.9001 was with Interbank FX.
why do u like interbankfx?
Ghost Swoopen in for my pips while no one is lookin !!
  • #62
  • Oct 27, 2006 12:42pm Oct 27, 2006 12:42pm
Quoting raczekfx
You'll get your second chance
We’ll most likely see another attempt to push higher 9010-40 before finally going down again. imho
I have a PT on a daily timeframe of 9192...
Mr. Trend
  • #63
  • Last Post: Oct 27, 2006 5:07pm Oct 27, 2006 5:07pm
Over at FXCM's squawk box, (if I remember it right), 1.9000 is a "tough nut to crack".

I took that cue to mean that 1.9000 is well protected by some institutions. OPTIONs, Central Banks (buying at 1.8875 earlier), and other real money players have been toying around with prices very much.

Here is a schedule of US news for Next week. First number is estimate by Briefing.com, 2nd number is Consensus, 3rd number is Previous:

<table border="0" cellpadding="2" cellspacing="0" width="100%"><tbody><tr valign="top"><td class="rD" nowrap="Yes">Oct 30</td> <td class="rD">08:30</td> <td class="rD">Personal Income</td> <td class="rD">Sep</td> <td class="rD">
</td> <td class="rD">0.4%</td> <td class="rD">0.3%</td> <td class="rD">0.3%</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Oct 30</td> <td class="rL">08:30</td> <td class="rL">Personal Spending</td> <td class="rL">Sep</td> <td class="rL">
</td> <td class="rL">0.3%</td> <td class="rL">0.3%</td> <td class="rL">0.1%</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Oct 31</td> <td class="rD">08:30</td> <td class="rD">Employment Cost Index</td> <td class="rD">Q3</td> <td class="rD">
</td> <td class="rD">0.8%</td> <td class="rD">0.9%</td> <td class="rD">0.9%</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Oct 31</td> <td class="rL">10:00</td> <td class="rL">Chicago PMI</td> <td class="rL">Oct</td> <td class="rL">
</td> <td class="rL">58.0</td> <td class="rL">58.0</td> <td class="rL">62.1</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Oct 31</td> <td class="rD">10:00</td> <td class="rD">Consumer Confidence</td> <td class="rD">Oct</td> <td class="rD">
</td> <td class="rD">109.5</td> <td class="rD">108.0</td> <td class="rD">104.5</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Nov 01</td> <td class="rL">00:00</td> <td class="rL">Auto Sales</td> <td class="rL">Oct</td> <td class="rL">
</td> <td class="rL">5.2M</td> <td class="rL">5.3M</td> <td class="rL">5.3M</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Nov 01</td> <td class="rD">00:00</td> <td class="rD">Truck Sales</td> <td class="rD">Oct</td> <td class="rD">
</td> <td class="rD">7.2M</td> <td class="rD">7.6M</td> <td class="rD">7.6M</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Nov 01</td> <td class="rL">10:00</td> <td class="rL">Construction Spending</td> <td class="rL">Sep</td> <td class="rL">
</td> <td class="rL">0.1%</td> <td class="rL">0.0%</td> <td class="rL">0.3%</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Nov 01</td> <td class="rD">10:00</td> <td class="rD">ISM Index</td> <td class="rD">Oct</td> <td class="rD">
</td> <td class="rD">54.0</td> <td class="rD">53.1</td> <td class="rD">52.9</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Nov 01</td> <td class="rL">10:30</td> <td class="rL">Crude Inventories</td> <td class="rL">10/27</td> <td class="rL">
</td> <td class="rL">NA</td> <td class="rL">NA</td> <td class="rL">-3205K</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Nov 02</td> <td class="rD">08:30</td> <td class="rD">Initial Claims</td> <td class="rD">10/28</td> <td class="rD">
</td> <td class="rD">310K</td> <td class="rD">NA</td> <td class="rD">308K</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Nov 02</td> <td class="rL">08:30</td> <td class="rL">Productivity-Prel</td> <td class="rL">Q3</td> <td class="rL">
</td> <td class="rL">1.9%</td> <td class="rL">1.5%</td> <td class="rL">1.6%</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Nov 02</td> <td class="rD">10:00</td> <td class="rD">Factory Orders</td> <td class="rD">Sep</td> <td class="rD">
</td> <td class="rD">3.7%</td> <td class="rD">3.0%</td> <td class="rD">0.0%</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Nov 03</td> <td class="rL">08:30</td> <td class="rL">Nonfarm Payrolls</td> <td class="rL">Oct</td> <td class="rL">
</td> <td class="rL">135K</td> <td class="rL">125K</td> <td class="rL">51K</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Nov 03</td> <td class="rD">08:30</td> <td class="rD">Unemployment Rate</td> <td class="rD">Oct</td> <td class="rD">
</td> <td class="rD">4.7%</td> <td class="rD">4.6%</td> <td class="rD">4.6%</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Nov 03</td> <td class="rL">08:30</td> <td class="rL">Hourly Earnings</td> <td class="rL">Oct</td> <td class="rL">
</td> <td class="rL">0.4%</td> <td class="rL">0.3%</td> <td class="rL">0.2%</td> <td class="rL">
</td> </tr> <tr valign="top"> <td class="rD" nowrap="Yes">Nov 03</td> <td class="rD">08:30</td> <td class="rD">Average Workweek</td> <td class="rD">Oct</td> <td class="rD">
</td> <td class="rD">33.8</td> <td class="rD">33.8</td> <td class="rD">33.8</td> <td class="rD">
</td> </tr> <tr valign="top"> <td class="rL" nowrap="Yes">Nov 03</td> <td class="rL">10:00</td> <td class="rL">ISM Services</td> <td class="rL">Oct</td> <td class="rL">
</td> <td class="rL">55.0</td> <td class="rL">54.5</td> <td class="rL">52.9</td> <td class="rL">
</td></tr></tbody></table>
Most of the numbers above are up. Both GBPUSD and EURUSD are up. Combine all of the above = USD Bull and a nice GBPUSD, EURUSD fall from a clif. Each and every week we see different attitutes. These last 2 weeks was USD bearish. 2 weeks earlier was USD bullish. and 2 weeks earlier than that was USD bear again.

Next 2 Weeks? Its the final 2 laps for the US Election.

Consumer Confidence (what can you say when Energy dropped like a rock? of course you will be happy about it smiling from ear to ear!)
ISM - I dont have any comment
NFP - froma 50K last month, SURELY you cant go lower than that!

I bet politicians will play some music in favor of USD.

BUT DONT SHORT GBPUSD JUST YET! There could be some more anti USD sentiment lingering until US news kicks. Wait for that as confirmation.
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