Master these highly profitable Candlestick Patterns with this FREE 82 page Candlestick Guide. Download a FREE COPY of te Oracle Trader Market Prediction Software. Trade the fundamental news release with the NewsProfiteer Henry Liu.

Henry Liu: I’ve decided to keep this short and sweet. If you prefer to look at the numbers and get right on to trading, then you are going to love the new format. If you want more detailed analysis, you can always read them at my blog where I share a much more detailed analysis and sometimes with a pre-recorded video to get you familiarize with trading the news…

NEWS TRADING
Thursday, August 19 2010
[4:30am NY Time]
Today’s Retail Sales number from UK will be widely watched as this is a high impact yet tradable report. Here is the forecast for this release:

The Trade Plan
Retail Sales by definition is a direct measurement of consumer activities at the retail levels. A higher release is generally good for the economy, and better for it’s currency; a lower release is considered as negative for the economy and not good for it’s currency.

Our tradable deviation or surprise factor for UK Retail Sales is 0.6% to BUY and 0.5% to SELL. If our deviation is hit, we can expect the market to move at least 50 pips within the hour, with a historical accuracy of 74%. We’ll be looking to BUY GBP/USD if we get a 0.9% or better release, and SELL GBP/USD if we get a -0.2% or worse… For Live Video of last Retail Sales and more detailed analysis including Market, and Pre-news considerations:

NEWS TRADING
Wednesday, August 18 2010
[4:30am NY Time]
MPC Meeting Minutes is scheduled to be released today and since it is customary for BOE (Bank of England) not to release a statement along with its interest rate decision (2 weeks ago) where there were no changes in either rate decision or APF (Asset Purchasing Facility, UK’s quantitative easing program), today will be the first time for a glimpse into what took place during this meeting, here is the forecast:
UK MPC Meeting Minutes Forecast 1-0-8 Previous 1-0-7
ACTION: GBP/USD BUY (2 Vote For Hike) / SELL (2 Vote For QE)

The Trade Plan
We will be looking at the vote count today. If we get 2 votes for hiking 25 basis points, we should see some strengthening in the Sterling and a BUY GBP/USD trade should be justified. If we get 2 votes for quantitative easing, or to increase the currency APF from 200 Billion Pound, GBP should weaken and a SELL GBP/USD trade should be justified. Due to the nature of this release, you need to have a newswire or audio service in order to trade it. We should see a steady market reaction after the release and possible carry over to the NY Session.