June 13th Indicator Recommendations

Trade Recommendations for Retail Sales

There are approx. 5 important indicators and events occurring tomorrow.

Based on my expectations, expect the market to act accordingly, if the actual figures are either high or lower than the forecasted figure. These two indicators are high impact market indicators, thus, expect a big jump either up or down depending on the release.

In terms of events, the U.S Treasury Currency Report is to be released at 10:00 am tomorrow. The Treasury Currency Report provides a detailed review of global currency policies and economic conditions. The Dollar has already begun to strengthen before the release of the report, Traders should look to buy the USD before the official release of the report. With recent reports of possible inflation pressures, speculation of a rate hike talk has driven the dollar up. Be sure to pay close attention to the details of the report before placing any trades. Any indication of inflation pressures or recession talk could weaken or strengthen the dollar.

Moreover, the Reserve Bank of Australia's Governor Glenn Stevens is expected to give a speech at 10:55 pm tomorrow. This will create a big buzz in the market due to the recent intervention of the RBNZ to sell off the NZD, and possible AUD rate hike talks.

Lastly, the Bank of Canada Governor David Dodge is also expected to give a speech regarding short term interest rate hikes and the overall economic condition of Canada. This speech will entail indications of future Canadian economic policies and inflation problems. There is also talk of a possible RBNZ like intervention for the Bank of Canada.

NZD Retail Sales Graph: (9/12/2006)
Previous: 0.1%
Estimate: 0.0%
Actual: 0.5%

 

All in all:
USD: Bullish
CAD: News Related
NZD: Short Bullish Move Up after News Release
AUD: News Related