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Recent content by JamesThatcher

  1. J

    United States Crude Oil Inventories May 12 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
  2. J

    United States Core CPI m/m May 12 2021

    What does the data mean to the market? The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and...
  3. J

    Weekly Summary!! 10 May 2021

    Last week ended on a massive high. I set up for five trades, none of which triggered until Friday's employment data. I originally scheduled to trade Canadian employment data, as this is hot. This time it came out with the highly anticipated US Non-Farm payrolls data. I decided Canadian data...
  4. J

    United States Non-Farm Employment Change May 7 2021

    A Huge -734 deviation with supporting +0.3 from Unemployment, crushed the US dollar across the board. I managed to take some nice profits out of this trade as the US pairs continued to slide south. I wish that the Average Earnings didn't conflict so largely, in normal times a conflict of 0.7...
  5. J

    United States Non-Farm Employment Change May 7 2021

    What does the data mean to the market? The headline data of Non-Farm Payrolls (NFP) reflects the change in the number of people employed during the previous month. A higher number of people employed is good for the US economy and would create a buy on the USD. Vice versa, a lower number would...
  6. J

    Turkey Turkish Rate Decision May 6 2021

    What does the data mean to the market? The Central Bank of the Republic of Turkey's (CBRT) Monetary Policy Committee votes on setting the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher...
  7. J

    New Zealand Unemployment Rate May 4 2021

    We saw both lines of data deviate in the same direction, but the headline only gave a -0.2 deviation which wasn't enough for me. Price action was excellent, seeing some 40 pips in the two minutes directly after the news was released. The move was staggered and slow if I had have traded, I'm sure...
  8. J

    Norway NOK Rate Decision May 6 2021

    What does the data mean to the market? The Norges Bank decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the NOK, while...
  9. J

    United States Crude Oil Inventories May 5 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
  10. J

    New Zealand Unemployment Rate May 4 2021

    What does the data mean to the market? The Unemployment Rate released by Statistics New Zealand is the number of unemployed workers divided by the total civilian labour force. If the rate is up, it indicates a lack of expansion within the New Zealand labour market. As a result, a rise leads to...
  11. J

    United States Crude Oil Inventories April 28 2021

    What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply, affecting the price. A Positive number is bad for the oil price and vice versa...
  12. J

    Canada Core CPI m/m April 21 2021

    Core CPI was nowhere near the deviations I needed, so no trade for me today. As you see, not much of a move on CAD pairs for CPI; however, notice the charts 90 minutes later when the Bank of Canada's monetary policy report suggested that interest rates could hike in 2022 and not their previous...
  13. J

    Sweden SWE Interest rate April 27 2021

    What does the data mean to the market? The Sveriges Riksbank Executive Board's decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is...
  14. J

    Weekly Summary

    Last week, I didn't have anything near a deviation, and no pips banked. I stood back and watched NZD CPI as I wasn't confident about how it would react; I'll revisit this next month. Fridays German Composite PMI became overshadowed by current Covid-19 news, and therefore I decided to sit on the...
  15. J

    Canada Core CPI m/m April 21 2021

    Core CPI was nowhere near the deviations I needed, so no trade for me. As you see, not much of a move on CAD pairs for CPI; however, notice the charts 90 minutes later when the Bank of Canada's monetary policy report suggested that interest rates could hike in 2022 and not their previous...
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