Hello traders,
As an experienced trader, I would like to begin sharing some of my knowledge with you on this community. My posts will be aimed especially (but not only) for new traders, who still do not know much about the Forex market. I will try to explain everything as simple as I can. The fact is -you do not need an economics degree in order to be profitable in trading Forex these days. You just need to learn how to read the signs that are out there every day, and read them just in time to make a nice profit out of it.
One of the things I would like to do is to write a post before the beginning of every week. The post will be called “The Week Ahead” and in it I will specify only the events which I think are important for trading on the week ahead of us.
Later into the week (when I have the time) I will try to elaborate more about what every event really means and how it might affect the market in my point of view.
For this week: May 19 – 23 (GMT time)
Tue
May 20
2:30am
Australia- RBA Meeting Minutes
10:00am
German ZEW Economic Sentiment (Forecast: -37.5 Previous: -40.7)
1:30pm
U.S PPI m/m (Producer Price Index) (Forecast: 0.4% Previous: 1.1%)
Wed
May 21
9:00am
German Ifo Business Climate Index (Forecast: 102.1 Previous: 102.4)
12:00pm
Canada- Core CPI m/m (Forecast: 0.2% Previous: 0.2%)
7:00pm
U.S - FOMC Meeting Minutes
Thu
May 22
9:30am
G.B - Retail Sales m/m
1:30pm
U.S - Unemployment Claim (Forecast: 373k Previous: 371k)
Fri
May 23
G.B- Second Estimate GDP q/q (Forecast: 0.4% Previous: 0.4%)
3:00pm
U.S - Existing Home Sales (Forecast: 4.86M Previous: 4.93M)
I wish you all a profitable week,
BlueinGreen












