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Consistent Market-Moving News for the GBP/JPY

  • #21
  • Oct 9, 2007 11:35am Oct 9, 2007 11:35am
Quoting forexscalp
Any future outlook for g/j from President Trichet's speech? Let's see your view particularly on g/j. I feel strongly that the impact will not be felt too strong on g/j but will affect US pairs more like eur/usd, gbp/usd, etc. Pls put me right if i'm wrong.
All you need to do is listen to the trichet at every conference where without fail he is asked indirectly or otherwise about the strength of the eur against the yen. He has yet to deviate from his stance that the yen shoudl reflect japan's fundamentals. If he ever rephrases this then no doubt you will see the yen move
  • #22
  • Oct 11, 2007 3:44pm Oct 11, 2007 3:44pm
Good one guys.I keep update of the president's speech.
  • #23
  • Oct 15, 2007 11:38pm Oct 15, 2007 11:38pm
Thanks to all who have responded so far! The conversations here have been extremely helpful to not only me, but to many who have viewed this thread!

Last week had some impressive moves, however, it looks like the U.S. retail sales was an easy +100 pip trade. For this week, it seems like we have ALOT of news. Heads up everyone!
  • #24
  • Oct 16, 2007 9:43pm Oct 16, 2007 9:43pm
Was anyone watching the movement of the GJ earlier today at around 12 AM? Though the news was at 1:30 AM (pacific time), the market made a +200 pip move at 12 AM.

Does anyone have an explanation for this occurrence? Ive seen these examples before, but do not really have any light on them. Perhaps, an early "news leak"?
  • #25
  • Oct 17, 2007 2:49am Oct 17, 2007 2:49am
Quoting saxytrader
Was anyone watching the movement of the GJ earlier today at around 12 AM? Though the news was at 1:30 AM (pacific time), the market made a +200 pip move at 12 AM.

Does anyone have an explanation for this occurrence? Ive seen these examples before, but do not really have any light on them. Perhaps, an early "news leak"?
Not meaning to be rude but do you understand what influences currency pairs? Sterlign yen is going to be affected by uk and jp news. PErhaps you should look at all the other yen pairs before hypothesising about any leaks.
  • #26
  • Oct 17, 2007 5:03am Oct 17, 2007 5:03am
Quoting saxytrader
Was anyone watching the movement of the GJ earlier today at around 12 AM? Though the news was at 1:30 AM (pacific time), the market made a +200 pip move at 12 AM.

Does anyone have an explanation for this occurrence? Ive seen these examples before, but do not really have any light on them. Perhaps, an early "news leak"?
Or maybe you should do your research better the next time. May be you would find that there were some coments regarding the strong YEN by the government officials, related to G7 summit????
  • #27
  • Edited 8:51pm Oct 17, 2007 6:10pm | Edited 8:51pm
Quoting sccz97
Not meaning to be rude but do you understand what influences currency pairs? Sterlign yen is going to be affected by uk and jp news. PErhaps you should look at all the other yen pairs before hypothesising about any leaks.
Yes, I do understand what influence currency pairs, because it's perhaps this knowledge that provides me with consistent profits. What about you?

Quoting zek132
Or maybe you should do your research better the next time. May be you would find that there were some coments regarding the strong YEN by the government officials, related to G7 summit????
Maybe if you had looked at many, major forex resources showing the "low priority" of the yen comments, then maybe you would have understood why I asked that question. Yes, I do research well, and I think you should too.
  • #28
  • Oct 18, 2007 2:10am Oct 18, 2007 2:10am
Half of the "priority" events are shown under a wrong "priority". I.E TIC Net Long-Term Transactions and Housing Starts this week (AUS PPI is also red for the next week, complete joke imho), are no way near the red status in my opinion, compared to CPI, Employment reports and Retail sales for example...
  • #29
  • Oct 18, 2007 2:37am Oct 18, 2007 2:37am
Quoting zek132
Half of the "priority" events are shown under a wrong "priority". I.E TIC Net Long-Term Transactions and Housing Starts this week (AUS PPI is also red for the next week, complete joke imho), are no way near the red status in my opinion, compared to CPI, Employment reports and Retail sales for example...
You mentioned "red" status. I hope this is not only for forex factory. Yes, forex factory has a good, solid economic calendar, but I tend to look at a bunch of others before deciding what to trade. That is how I filter the critical news, for as you have said," Half of the priority events are shown under a wrong priority."

Talking about some of the critical news, there is GBP Retail Sales in less than an hour. We should all keep an eye on that.
  • #30
  • Nov 8, 2007 6:36pm Nov 8, 2007 6:36pm
hi news traders,

i'm new to the forum and forex trading. i like trading the news but i get confused at times about the news.

1. if NFP of US comes out, will it cause a noticeable change in the currencies such as GBP/JYP, EUR/JYP, i.e. currency pairs that are not of the country in which the news came out.

2. i noticed trading to the particular market opening time(like UK opening at 8:00GMT will cause a rise against pairs like GBP/J, G/U) of a country do cau.se some noticeable changes in its currency pairs. But like today it went against me sweeping virtually all my money. So i will appreciate someone giving me enlightment on the theory.

3. pls can anybody save me from bankruptcy cos i'm left with only $100 now in my account (actually i started my real account with $1000). I do trade G/J, E/J, G/U and E/U.

Thanks
  • #31
  • Nov 9, 2007 4:02am Nov 9, 2007 4:02am
You may find these grabs I took from my NTP software for effects of the recent GBP Retail Sales and US CPI figures on the GY pair. Whilst the Retail Sales effects seem to be pretty consistent the CPI ones arent'. I think the truth of the matter is that each announcement has to be taken on its own merits and analysed together with prevailing sentiment. For instance, although it was forecast that there would be no change to the GB Interest Rates this month, when it was announced that there would be no change, there was an immediate effect on cable. My own take on that was that in the background many would not have been surprised if there had been a 25 point fall and for it to be confirmed that there wouldn't be any change at all allowed traders to strengthen the pound. So, although historic results have a part to play in all this, I wouldn't advise anyone to take them out of context. However, I'm a newbie at this, so what the hell do I know ?


PS There seems to be a bug in my NTP software. The graphs still retain the Trade Balance heading of the previous graph, so just ignore the heading the data are all correct.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gycpi.jpg Size: 253 KB
He was looking for the card so high and wild hed never need to deal another
  • #32
  • Nov 10, 2007 4:27am Nov 10, 2007 4:27am
Was anyone watching Friday's GBP Trade Balance? That news moved the pair hard. It approximately went down around 600-700 pips. Too bad the GBP Trade Balance doesn't usually move the pair like this most of the time. On the other hand, this severe movement may indicate some heavy volatility coming pretty soon.
  • #33
  • Nov 10, 2007 6:11am Nov 10, 2007 6:11am
Nice wasn't it ? I was expecting a move but nothing like I got. Shoudln't have had such a tight stop profit
He was looking for the card so high and wild hed never need to deal another
  • #34
  • Last Post: Nov 15, 2007 12:02pm Nov 15, 2007 12:02pm
Quoting dr_who
Nice wasn't it ? I was expecting a move but nothing like I got. Shoudln't have had such a tight stop profit
Definitely, you should have a wide and loose stop on this pair. This thing can retrace 50-60 pips or even more before continuing on its path.

Another nice move created from the GBP Retail Sales. Anyone could have gotten a nice 200-300 profit. Man, I love this pair!
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