Trading Ideas - Boe Inflation, Zew Survey, Fed Interest Rate Decision, Consumer Price Index - Sept 16th - Forex Forum

Hello,
Yesterday EUR USD has moved 400 pips between high and low. We should have a lot of volatility today... It's a great configuration for scalping strategy but it's hard for trend follower as I am! Don't forget your stop loss if you follow my forecasts.

Many news in the economic calendar.

Today: BoE Inflation Letter. The Inflation letter released by the Bank of England gives a the detailed economic analysis and inflation projections. It can influence the BoE's Monetary Policy. A high reading is seen positive (bullish) for the GBP, whereas a low reading is seen as negative (bearish). It is worth noting that this tentative letter is only published when the CPI (YoY) is above 3.0%.

05:00 GMT: Consumer Confidence Households. The Consumer Confidence released by the Cabinet Office captures the level of confidence that house holds have in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A result above 50 is positive (or bullish) for the JPY, whereas a result below 50 is seen as bearish.

06:00 GMT: Consumer Price Index. The Germany consumer price index released by the Statistiches Bundesamt Deutschland measures the average price change for all goods and services purchased by households for consumption purposes. CPI is the main indicator to measure inflation and changes in purchasing trends. A high reading is positive (or Bullish) for the EUR, while a low reading is negative (or bearish).

08:30 GMT: Consumer Price Index. The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

08:30 GMT: Retail Price Index. The Retail Price Index released by the National Statistics is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is widely considered as a key measure of inflation that indicates an accurate reflection of the cost of living. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).

09:00 GMT: Consumer Price Index. The Euro Zone CPI released by the Eurostat captures the changes in the price of goods and services. The CPI is a significant way to measure changes in purchasing trends and inflation in the Euro Zone. A high reading anticipates a hawkish attitude which will be positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

09:00 GMT: ZEW Survey - Economic Sentiment. The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic. An optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).

12:30 GMT: Consumer Price Index. The Consumer Price Index released by the US Department of Labor is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).

18:15 GMT: Fed Interest Rate Decision. The Board of Governors of the Federal Reserve announces an interest rate. This interest rate affects the whole range of interest rates set by commercial banks, building societies and other institutions for their own savers and borrowers. It also tends to affect the exchange rate. If the Fed is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the USD.

See you in one or two hours with the technical analysis. stay tuned

Australian dollar is in a trend! Sell AUD USD and buy EUR AUD. I just follow the movement.

Short position on EUR CHF, I have a bearish pressure on this pair.

Keep an eye on EUR JPY, GBP JPY and USD JPY... if the support breaks...