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Forex Trading News Forecast, London Road, Oxford (2026)

01/12/2021

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 shows increases or decreases needed in supply, affecting the price. Therefore, a Positive number is bad for the oil price and vice versa.

Other oil data is released the night before this report, API Weekly Crude Oil Stock, which the market looks for as an indicator of today's announcement, which can gauge how it will respond, so it's worth keeping an eye on that also.

There are two mainline of data to focus on. The two lines of DOE Gasoline Inventories and DOE Crude Oil Inventories must not conflict to make this data tradable; Oil is the driving force behind this report.

Historic deviations and their outcome

November 3 2021 Today we saw a small deviation from oil, but with a conflict from gasoline. Only a small push in the direction of oil before it got blown off, just not strong enough deviations

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/66591/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTY2NTkxO3Q9MjAyMS0xMS0wMyUyMDE0OjMwOjAwLjA7cz1VU0RPSUw7cj1TMQ

October 27 2021 Just missed my trigger today, with gasoline coming out as forecast it was nice to see a reaction in the direction of Oil however it wasn't a trade for me.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/65670/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTY1NjcwO3Q9MjAyMS0xMC0yNyUyMDE0OjMwOjAwLjA7cz1VU0RPSUw7cj1TMQ

October 14 2021 A sizeable deviation today with a supporting sizeable deviation from gasoline too, lovely move unfortunately it just missed my trigger.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/65005/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTY1MDA1O3Q9MjAyMS0xMC0xNCUyMDE1OjA6MDAuMDtzPVVTRE9JTDtyPVMx

I will use forecasts of:

DOE Crude Oil Inventories +750
DOE Refinery Utilization +1500

Today's trade plan

If I get a deviation of -/+ 3000 in either direction from the forecast on Oil

Please note I have used the following hybrid forecasts.

1) DOE Crude Forecast = +1450 (bb)
2) API Actual Crude = -700
3) DOE Gasoline Forecast = -0332 (bb)
4) API Actual Gasoline = +2200

Tradable pairs

USDBNT
USDOIL

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

11/11/2021

What does the data mean to the market?

Mexico's central bank votes on where to set the countries interest rate.

Traders watch interest rate changes closely as interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the MXN (Mexican Peso), while a lower than expected rate is negative/bearish for the MXN.

Historic deviations and their outcome

June 24 2021 A shock hike in the rate by 0.25 basis points saw three minutes of continuing price action, making for a lovely trade and lots of opportunity to bank loads of pips.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/58687/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTU4Njg3O3Q9MjAyMS0wNi0yNCUyMDE4OjA6MDAuMDtzPVVTRE1YTjtyPVMx

November 12 2020 We saw an increase of +18 basis point (bps) from the average forecast, which created a massive 546 pip move in the first minute following the data release, that's an average of 30 pips per basis point. Great move!

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/24308/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTI0MzA4O3Q9MjAyMC0xMS0xMiUyMDE5OjA6MDAuMDtzPVVTRE1YTjtyPVMx

August 15 2019 We saw a cut of -25 basis points (bps) from the average forecast, resulting in a move of 831 pips which was a lovely move!

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/9510/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTk1MTA7dD0yMDE5LTA4LTE1JTIwMTg6MDowMC4wO3M9VVNETVhOO3I9UzE

I will use forecasts of:

Interest Rate 5.0

Today's trade plan

Today we have an expected hike to the rates however it's not a unanimous prediction which always makes interest rate decisions a lot more exciting.

Seventeen economists predict a hike to 5.00% but five predict a hike further to 5.25%

I'm using an average forecast of 5.05%

Therefore if we see a hike to 5.00% I will not take a trade.

If we see a hike of 5.05% or greater I will take a buy and expect 600 to 1000 pips.

If we see no hike and the rate remains at 4.75% I will take a sell and expect 900 - 1000 pips

Today’s liquidity conditions are likely to be sub-par due to the closure of US markets for Veterans Day, and bank holidays in other countries. Which you should be aware of.

Tradable pairs

USDMXN

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

10/11/2021

United States Core CPI m/m November 10 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 inflation.

A higher than expected number is positive/bullish for the USD, a lower than expected number is negative/bearish for the USD.
There are 4 lines of data.

CPI - Core (M/M) - Headline
CPI - Core (Y/Y)
CPI - (M/M)
CPI - (Y/Y)

Historic deviations and their outcome

August 11 2021 A small conflict on headline YY prevented a good follow-through, but still, we saw a nice spike. Notice how GBPUSD is outperforming other FX pairs now on US news!

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/61424/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTYxNDI0O3Q9MjAyMS0wOC0xMSUyMDEyOjMwOjAwLjA7cz1VU0RKUFk7cj1TNQ

July 13 2021 A strong 0.5 positive deviation with support from the other 3 lines created a reasonable and safe move on many pairs, especially EURUSD.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/59634/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTU5NjM0O3Q9MjAyMS0wNy0xMyUyMDEyOjMwOjAwLjA7cz1VU0RKUFk7cj1NMQ

June 10 2021 Reasonable deviation but a little continuation on USD pairs. This was largely because The US Federal Reserve Board indicated it would look through positive inflation and won't change monetary policy on the back of high inflation. Therefore a sell would have been better on this release.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/58020/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTU4MDIwO3Q9MjAyMS0wNi0xMCUyMDEyOjMwOjAwLjA7cz1VU0RKUFk7cj1NMQ

I will use forecasts of:

CPI - Core (M/M) 0.40
CPI - Core (Y/Y) 4.30
CPI (M/M) 0.60
CPI (Y/Y) 5.90

Today's trade plan

The focus is on CPI - Core (M/M) - Headline.

Today I'm looking for a deviation of 0.2% to trigger a buy or sell on GBPUSD.

I will confirm that all others line deviates in the same direction, I will not accept a conflict on any other three lines!

Secondary Lines -
CPI - Core (Y/Y)
CPI - (M/M)
CPI - (Y/Y

If they all lineup, we should bank some good pips today.

With year on year inflation standing at nearly double the average inflation in normal times. I don't believe the markets will tolerate any more hyperinflation. Therefore, Today either buys or sells will work with a trigger of 0.2%

Tradable pairs

EURUSD
GBPUSD

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

05/11/2021

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 buying opportunity on the USD. Vice versa, a lower number would be bad for the US and would generate a sell on the USD.

NFP comes out with six lines of data which makes this report far more complex. The other two significant lines of data I watch are the Unemployment Rate and Average Earnings.

The Unemployment Rate, a lower number, is good for the USD and vice versa. Whereas Average Earning a higher number is better for the US economy and vice versa.

All three lines must deviate in the same direction. I will not tolerate a conflict from either UR and AE.

Historic deviations and their outcome

September 3 2021 Today I saw a massive deviation of -515k on the headline Non-farm Payrolls with Unemployment Rate coming out as expected. We saw a decent 20 pip move with continuation after that for the next few minutes. Noticeably GBPUSD worked better on this report.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/62454/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTYyNDU0O3Q9MjAyMS0wOS0wMyUyMDEyOjMwOjAwLjA7cz1VU0RKUFk7cj1NMQ

August 6 2021 A small 74 deviation actually created a nice move but mainly because UE helped with a 0.3 deviation.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/60777/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTYwNzc3O3Q9MjAyMS0wOC0wNiUyMDEyOjMwOjAwLjA7cz1VU0RKUFk7cj1TMTA

July 2 2021 A decent size 130 deviation gave an excellent spike, but with a 0.3 conflict from Unemployment Rate, we soon saw the move being snuffed out, seeing a severe retrace, just as expected. But, again, this shows the importance of looking at all lines of data.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/59294/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTU5Mjk0O3Q9MjAyMS0wNy0wMiUyMDEyOjMwOjAwLjA7cz1VU0RKUFk7cj1NMQ

I will use forecasts of:

Unemployment Rate 4.7
Change in NonFarm Payrolls 450

Today's trade plan

Today I want to see a deviation to the downside of -250 or +175 upside to take a trade in the relative direction.

I'll accept a conflicting deviation from the Unemployment Rate of +/- 0.3% today. I'll set up mainly on GBPUSD as this has been working better on this report lately.

This one can get volatile immediately after the data is released while the market digests the numbers. Hold onto your hats. This one is not for the fainthearted.

Tradable pairs

EURUSD
GBPUSD
USDJPY

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

02/11/2021

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 weakening the New Zealand economy. A decrease in the figure is seen as positive (or bullish) for the NZD, while an increase is seen as negative (or bearish).

There are two main data lines from this report Unemployment Rate and Employment Change; both must deviate in the same direction to take a trade.

Historic deviations and their outcome

May 4 2021 A -0.2 Deviation from Unemployment created a wonderful move unopposed by the Employment Change number. NZD pairs strengthened for a good 5 mins!

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/49879/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTQ5ODc5O3Q9MjAyMS0wNS0wNCUyMDIyOjQ1OjAwLjA7cz1FVVJOWkQ7cj1TMTA

February 2 2021 A positive deviation of -0.7 from the headline Unemployment Rate with a complementary positive deviation of +1.4k on the secondary line Employment Change gave a slow move. This is what I love to see.

I saw some movement before the delivery of the news, which is always a concern and often a sign that the news is out early, but I held my nerve this time, and it paid off.

Overall the price action was excellent.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/26836/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTI2ODM2O3Q9MjAyMS0wMi0wMiUyMDIxOjQ1OjAwLjA7cz1FVVJOWkQ7cj1TNQ

I will use forecasts of:

Employment Change (Q/Q) 0.4
Unemployment Rate 3.9

Today's trade plan

If I get either a positive or negative deviation of 0.4 from the headline Unemployment Rate without a conflict from the secondary line of Employment Change, then I would expect a good initial move followed by some continuation after the initial spike.

Tradable pairs

EURNZD
GBPNZD
NZDUSD

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

02/11/2021

What does the data mean to the market?

Reserve Bank of Australia (RBA) board members come to a consensus on where to set the 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 AUD, while a lower than expected rate is negative/bearish for the AUD.

Historic deviations and their outcome

March 3 2020 A Shock cut to the rate of 0.25% from the forecast 0.50% however as the world was going into meltdown from the global pandemic it's no surprise this was mainly ignored by the markets.

Check out the price action here https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTE2NTAzO3Q9MjAyMC0wMy0xOSUyMDAzOjMwOjAwLjA7cz1FVVJBVUQ7cj1NMQ

I will use forecasts of:

Interest Rate Statement 0.10

Today's trade plan

I will trade from a 0.25% deviation from the forecast, as no change is expected I will be holding for some time.

Tradable pairs

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

01/11/2021

In the Week ahead, I'll be looking closely at the following releases.

02nd November 2021 03:30 GMT Australian Cash Rate

See the report history here. https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtuYmM9QVU7bm49UkJBJTIwSW50ZXJlc3QlMjBSYXRlJTIwRGVjaXNpb24

03rd November 2021 14:30 GMT US Crude Oil Inventories

See the report history here. https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtuYmM9VVM7bm49Q3J1ZGUlMjBPaWwlMjBJbnZlbnRvcmllcw

04th November 2021 12:00 GMT UK Official Bank Rate

See the report history here. https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtuYmM9R0I7bm49Qm9FJTIwSW50ZXJlc3QlMjBSYXRlJTIwRGVjaXNpb24

04th November 2021 13:30 GMT Czeck CNB Repo Rate

See the report history here. https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtuYmM9Q1o7bm49SW50ZXJlc3QlMjBSYXRlJTIwRGVjaXNpb24

04th November 2021 12:30 GMT US Non-Farm Employment Change

See the report history here. https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtuYmM9VVM7bm49Tm9uZmFybSUyMFBheXJvbGxz

21/10/2021

Turkish Rate Decision October 21 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 than expected rate is positive/bullish for the TRY (Turkish Lira), while a lower than expected rate is negative/bearish.

Historic deviations and their outcome

September 23 2021 Today we got the type of trade I live for, a surprise cut to the Turkish interest rate.

With only one out of twenty-three economists predicting a change to the rate, the forecast was to remain at 19%. Last time we saw a shock move of more than 0.5% we saw 900 pips immediately after.

Today, I'm delighted to say we saw the same again a shock cut to 18 % and over a 1000 pips banked.
Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/63188/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTYzMTg4O3Q9MjAyMS05LTIzJTIwMTE6MDowMC4wO3M9RVVSVFJZO3I9TTE

March 18 2021 Today we saw a +1.0 positive deviation from the forecast, which gave a nice move of 750 pips in the first minute, then great continuation afterwards, too!

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/34208/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTM0MjA4O3Q9MjAyMS0zLTE4JTIwMTE6MDowMC4wO3M9VVNEVFJZO3I9UzEw

December 24 2020 Today we saw a +0.5 positive deviation from the forecast, which gave 475 pips in one minute. Brilliant.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/25738/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTI1NzM4O3Q9MjAyMC0xMi0yNCUyMDExOjA6MDAuMDtzPUVVUlRSWTtyPU0x

I will use forecasts of:

Benchmark Rate 17.00

Today's trade plan

With some political interference from Turkeys President Erdogan dismissing three of the monetary policymakers at Turkeys Central Bank, it is strongly believed this was a deliberate move to ensure another rate cut today to boost credits and exports. Although such interference is widely frowned upon, I'm interested in how much they will cut by how the market will react as the Lira is already at an all-time low.

We have varying estimates for a cut today between 17.0% and 17.5%, but I'll take the lower end forecasts, and I'll take a buy or sell on 1.0 on either side of this.

If it remains at 18%, I'll take a buy
If they cut to 16%, I'll take a sell.

If this hits, I'll be looking to bank somewhere in the region of 800 - 1000 pips, but I'll not hang around as I expect some volatility under the circumstances.

Tradable pairs

EURTRY
USDTRY

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

14/10/2021

United States Crude Oil Inventories October 14 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 shows increases or decreases needed in supply, affecting the price. Therefore, a Positive number is bad for the oil price and vice versa.

Other oil data is released the night before this report, API Weekly Crude Oil Stock, which the market looks for as an indicator of today's announcement, which can gauge how it will respond, so it's worth keeping an eye on that also.

There are two mainline of data to focus on. The two lines of DOE Gasoline Inventories and DOE Crude Oil Inventories must not conflict to make this data tradable; Oil is the driving force behind this report.

Historic deviations and their outcome

September 22 2021 A reasonable size deviation from oil just short of my trigger but with a conflict from Gasoline it wasn't a trade for me, Although seeing a nice 30 pip move which continued after that. The risk of ignoring gasoline is too great.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/63432/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTYzNDMyO3Q9MjAyMS05LTIyJTIwMTQ6MzA6MDAuMDtzPVVTRE9JTDtyPVMx

September 15 2021 Sizeable deviation from Crude Oil, unfortunately, Gasoline conflicted, and therefore it wasn't a trade for me.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/63064/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTYzMDY0O3Q9MjAyMS05LTE1JTIwMTQ6MzA6MDAuMDtzPVVTRE9JTDtyPVMx

September 1 2021 Today we saw a sizeable deviation from oil, but with a conflict from gasoline. Still, we saw a healthy 40 pip spike before it returned to pre news level. Not trade for me.

Check out the price action here:
https://calendarapi.galaxysoftwareinc.com/l/62687/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jaGFydDtpPTYyNjg3O3Q9MjAyMS05LTElMjAxNDozMDowMC4wO3M9VVNET0lMO3I9UzE

I will use forecasts of:

DOE Crude Oil Inventories +2750
DOE Gasoline Inventories -1000

Today's trade plan

If I get a deviation of -/+ 3000 in either direction from the forecast on Oil

DONT allow BUYS if Gasoline is > +1250
DONT allow Sells if Gasoline < -4600

Please note I have used the following hybrid forecasts.

Forecasts and API.
1) DOE Crude Forecast = +1100 BB
2) API Actual Crude = +5200
3) DOE Gasoline Forecast = 1250 BB
4) API Actual Gasoline = -4600

Tradable pairs

USDBNT
USDOIL

Hope this helps but please do your own analysis!!

Good luck!!

James Thatcher

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Forex Trading News Forecast

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