Hey guys,
Here is the video:
01-15-2009.swf
US Retail Sales X Autos came in pretty low, but it still had that retracement price action I spoke of, so no matter how you took it it should have been a decent trade. AU Employment came out too close to expectations.
0745 ECB Interest Rate Decision, expected 0.50% cut to 2.00%. If they cut by more, it MIGHT initially pop EUR/USD down, but the ultimate direction should be up, and vice versa because it's all about the responsiveness of the ECB, not the interest rate level itself.
If it comes out at 2.25% or higher, look to short EUR/USD a bit after the release looking for 40-50 pips
If it comes out at 1.75% or lower, look to buy EUR/USD a bit after the release looking for 40-50 pips
1000 US Philly Fed Index expected at -35.
If it comes out at -25 or higher, look to buy USD/JPY looking for 30 pips
If it comes out at -45 or lower, look to short USD/JPY looking for 30 pips
The rest of the data tomorrow is either too subjective (Trichet's speech) to preveiw effectively, or too cluttered and glossed over (US data at 0830) to expect a solid market reaction.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sir Pipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $39.00 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
To our success,
Sir Pipsalot
Here is the video:
01-15-2009.swf
US Retail Sales X Autos came in pretty low, but it still had that retracement price action I spoke of, so no matter how you took it it should have been a decent trade. AU Employment came out too close to expectations.
0745 ECB Interest Rate Decision, expected 0.50% cut to 2.00%. If they cut by more, it MIGHT initially pop EUR/USD down, but the ultimate direction should be up, and vice versa because it's all about the responsiveness of the ECB, not the interest rate level itself.
If it comes out at 2.25% or higher, look to short EUR/USD a bit after the release looking for 40-50 pips
If it comes out at 1.75% or lower, look to buy EUR/USD a bit after the release looking for 40-50 pips
1000 US Philly Fed Index expected at -35.
If it comes out at -25 or higher, look to buy USD/JPY looking for 30 pips
If it comes out at -45 or lower, look to short USD/JPY looking for 30 pips
The rest of the data tomorrow is either too subjective (Trichet's speech) to preveiw effectively, or too cluttered and glossed over (US data at 0830) to expect a solid market reaction.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sir Pipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $39.00 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
To our success,
Sir Pipsalot