Kuroda’s Speech and US Retail Sales To Dominate Friday Forex Trading

Forex Overview
The market is set to move with a big US Retail Sales Number

Another week is to close and the potential for a “bang” is building.  BoJ Governor Kuroda speaks at 1130pm EST on Thursday and he is expected to comment stick to the, “we are watching the market and will let you  know when we will do something” stance.  If there are going to be fireworks then it will happen after US Core Retail Sales and PPI are released at 8:30am EST.  The market is expecting Core PPI to be .3%, Core Retail Sales of .5%, and Retails Sales to be .8%.  I’m gesing the portfolio will take a hit tomorrow because the numbers are likely to be weaker.

:30   JPY BoJ Governor Kuroda Speaks
Friday, May 13, 2016
00:30   JPY Tertiary Industry Activity Index (MoM) -0.2% -0.1%
05:00   EUR GDP (YoY) (Q1) 1.6% 1.6%
05:00   EUR GDP (QoQ) (Q1) 0.6% 0.6%
08:30   USD Core PPI (MoM) (Apr) 0.1% -0.1%
08:30   USD Core Retail Sales (MoM) (Apr) 0.5% 0.2%
08:30   USD PPI (MoM) (Apr) 0.3% -0.1%
08:30   USD Retail Sales (MoM) (Apr) 0.8% -0.4%
10:00   USD Business Inventories (MoM) (Mar) 0.2% -0.1%
10:00   USD Michigan Consumer Expectations (May) 78.1 77.6
10:00   USD Michigan Consumer Sentiment (May) 90.0 89.0
13:05   USD Baker Hughes U.S. Rig Count 328
15:30   GBP CFTC GBP speculative net positions -40.4K
15:30   USD CFTC Crude Oil speculative net positions 318.5K
15:30   USD CFTC Gold speculative net positions 271.6K
15:30   USD CFTC S&P 500 speculative net positions 10.1K
15:30   AUD CFTC AUD speculative net positions 52.4K
15:30   JPY CFTC JPY speculative net positions 61.5K
15:30   EUR CFTC EUR speculative net positions -23.6K
19:00   USD FOMC Member Williams Speaks

 

 

 

Initial Capital   5,100        
YTD Return   39.37%      
Open P / (L)
Size Average Current Current
Side (USD) Cost Price Difference P / (L)
EURGBP Sell 40,000 0.7858 0.78736 -0.00156 (91)
GBPUSD Buy 0 1.463405 1.44447 -0.018935 0
EURUSD 0 1.14768 1.1373 -0.01038 0
EURJPY Buy 40,000 122.66 124.0305261 1.3705261 442
USDJPY Buy 50,000 106.526 109.057 2.531 1,160
AUDUSD Sell 30,000 0.7655 0.73155 0.03395 1,019
Open P / (L) 2,530
          Closed P / (L) (522)
          Financing (20)
          P / (L) 2,008
Closed P / (L)          
Date Currency   Size Average Closed Closed
Closed Pair Side (USD) Cost Price P / (L)
5/3/2016 EURUSD Buy 10,000 1.1476 1.15065 31
5/3/2016 NZDUSD Sell 10,000 0.7009 0.7051 -42
5/9/2016 GBPUSD Buy 20,000 1.463405 1.4379 -510

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