Slow day for Forex Market

February 13, 2006 by Trader Rich

Last night was pretty quiet and it looks like the same for today. There aren’t any major economic releases until tomorrow with UK releases (PPI and CPI) and EU releases (GDP).

From what I’ve read from the more experienced traders, some prefer to trade only 3 days, Tuesday, Wednesday, and Thursday. This allows one to get a read on the general direction of the market in the beginning of the week and allows one to exit positions before more unpredictable movement on Friday as positions are settled.

Keep an eye on these upcoming economic releases:

UpComing Economic Events
DATE	TIME	COUNTRY	EVENT
Feb. 13	17:00 GMT	USA	Fed President Pianalto Speaks About US Economy
Feb. 14	09:30 GMT	GBR	CPI (MoM) (YoY) (JAN)
Feb. 14	09:30 GMT	GBR	Core CPI (YoY) (JAN)
Feb. 14	09:30 GMT	GBR	RPI (MoM) (YoY) (JAN)
Feb. 14	09:30 GMT	GBR	RPI ex Mortgage Interest Payments (YoY) (JAN)
Feb. 14	10:00 GMT	DEU	ZEW Survey (Econ. Sentiment & Current Situation) (FEB)
Feb. 14	10:00 GMT	EMU	Euro-Zone ZEW Survey (Econ. Sentiment) (FEB)
Feb. 14	10:00 GMT	EMU	Euro-Zone GDP (QoQ) (YoY) (4Q E)
Feb. 14	13:30 GMT	USA	Advanced Retail Sales (JAN)
Feb. 14	13:30 GMT	USA	Retail Sales ex Autos (JAN)
Feb. 14	15:00 GMT	USA	Business Inventories (DEC)