Hey Folks,
Greetings from Cactus Jack from the Diamonds. I am doing the signal tonight to give Sir Pipsalot some much deserved rest. We all need to congratulate him and his wife on the birth of their beautiful new baby girl, Naomi Sora . She came into the world weighing 5 pounds 7 ounces after 39 hours of labor. Im sure that Sir Pipslaot will fill you in with all the details when he gets back.
Tomorrow we have two news trades scheduled. First up is NZ Interest Rate Change.We will be trading this live in the Diamonds Room at 5:00 pm Eastern. The current interest Rate in 2.5 % and the forecast is for it to remain at 2.5%. This should draw a little more attention to this news than normal. I think the market will be looking for an increase in rates as we go into this news event. Therefore if the rate stays unchanged or is cut, we will look for NZD/USD to sell off 30 to 40 pips. If the RBNZ decides to raise the rate we will look for NU to rally +30 to 40 pips.
*EDIT* Sir Pips edited the last two sentences for clarification.
Next up at 9:30 pm eastern we will be trading, AU Employment Change. The previous number was 32.2 with the number forecast at -15. This number is released monthly and reflects the change in the employed workers in Australia. This report should be another hot news event. With sentiment strong for the Aussie dollar and it setting a new yearly high at 0.8660. If the number comes out better than forecast I look for AUD/USD to rally +30 to 40 pips. If the number fails to impress the street I look for AU to sell off -30 to 40 pips.
*EDIT* Usually 15-20K more or less than expected is enough for a good reaction.
Thanks!
Greetings from Cactus Jack from the Diamonds. I am doing the signal tonight to give Sir Pipsalot some much deserved rest. We all need to congratulate him and his wife on the birth of their beautiful new baby girl, Naomi Sora . She came into the world weighing 5 pounds 7 ounces after 39 hours of labor. Im sure that Sir Pipslaot will fill you in with all the details when he gets back.
Tomorrow we have two news trades scheduled. First up is NZ Interest Rate Change.We will be trading this live in the Diamonds Room at 5:00 pm Eastern. The current interest Rate in 2.5 % and the forecast is for it to remain at 2.5%. This should draw a little more attention to this news than normal. I think the market will be looking for an increase in rates as we go into this news event. Therefore if the rate stays unchanged or is cut, we will look for NZD/USD to sell off 30 to 40 pips. If the RBNZ decides to raise the rate we will look for NU to rally +30 to 40 pips.
*EDIT* Sir Pips edited the last two sentences for clarification.
Next up at 9:30 pm eastern we will be trading, AU Employment Change. The previous number was 32.2 with the number forecast at -15. This number is released monthly and reflects the change in the employed workers in Australia. This report should be another hot news event. With sentiment strong for the Aussie dollar and it setting a new yearly high at 0.8660. If the number comes out better than forecast I look for AUD/USD to rally +30 to 40 pips. If the number fails to impress the street I look for AU to sell off -30 to 40 pips.
*EDIT* Usually 15-20K more or less than expected is enough for a good reaction.
Thanks!
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