There are many many lines of data to this report. It’s easy to let the other numbers cloud your judgment.
I focus only on The core month-on-month Figure (MoM) which today has a forecast -0.100.
Last month Retail sales gave a big upward surprise of +4.9 from the forecast, which is a very large...
We could grab some pips from this report today, it’s nice to have this rare occurrence where this doesn’t come out with the highly anticipated NFP report. Which usually comes out at the same time. Canadian data is looking hot these days and a deviation from the forecast here could see a change...
There are 4 main lines of data: -
DOE Crude
DOE Gasoline
API Actual Crude
API Actual Gasoline
Remember that Oil is a commodity. More oil is bad for the market price and vice versa. A positive deviation means a SELL on OIL and a negative deviation means a BUY on oil! So we must reverse...
This report is coming back into focus, in fact, Inflation around the world is being watched more closely than in previous months.
Today there are 4 main lines of data released, which are: -
CPI - Core (M/M) – Month on Month
CPI - Core (Y/Y) - Year on Year
CPI (M/M) – Month on Month
CPI...
Once a super hot, big mover this data is not so much in focus now. However it is still some of the most important data the US publishes and IF, and that's a BIG if, the key important components deviate harmoniously without a conflict. Then we can expect a sustained move in many FX pairs. I...
DOE Crude Forecast is -0928
DOE Gasoline is -2300
API Actual Crude is +7400
API Actual Gasoline is -9900
I'll use a forecast of -/+3000 for Crude oil
Will therefor use a forecast of = -5000 for Gasoline
Remember that Oil is a commodity. More oil is bad for the market price and vice versa. A...
Range of Forecasts
High= 60.3
Low= 57
Avg= 58.67
Therefore I will use a forecast of Median= 58.6
In last 4 months we have seen the following results from this report.
November 2020 Actual PMI result +3.5 above forecast.
This gave +61 pips move over the first minute. 1 min ( 17.4 pips per 1.0...
DOE Crude Forecast is -5190
DOE Gasoline is -3062
API Actual Crude is 1026
API Actual Gasoline is 0066Will therefor use a forecast of = -2500 for Crude oil
Will therefor use a forecast of = -1500 for GasolineRemember that OIL is a commodity, so more oil is bad for the market price and vice...