Hi there my forex friend 
Finally we have Friday! So far it was a quite slow week, except Monday with a great IFO report. Oh, thank you for all the feedback regarding the test of performance I was doing two days ago.
Let me just quickly review what happened on Thursday. It is actually very simple: the U.S. GDP and Initial Jobless Claims came out very close to expectations so we did not get any trade here. Same applies to the homes sales.
At 6:45 p.m. we had the trade balance and GDP out of New Zealand. The GDP came out as expected but the trade balance deviated quite a bit but NZD/USD still was not tradable. That was good to stay away from the trade balance. No trade here.
Just for your record, we also had Japanese CPI, we had some good deviations and totally no reaction on the market. That's why I even did not mention about it in my signals.
Sir Pips is back from his vacation so we will go back to the old style where I will be just typing signals based on his videos. I will type the text based on the Sir Pips video so this will really be his signals (although sometimes I add my interpretations).
To watch the preview-review video, click here: 6-27-2008 Rev-Prev
On Friday we are going to have only one report that might be tradable.
1. Friday, June 27th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK GDP q/q final revision so this is unlikely to have a big deviation. Everyone is expecting it to come out at 0.4% so even 0.1 deviation should be tradable. If it comes out at 0.5% or higher, I would buy GBP/USD and expect 30 pips move. If it comes out at 0.3% or lower, I would sell GBP/USD and expect 30 pips move as well. With 0.2 deviation you may expect 50 pips move.
2. Friday, June 27th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have a lot of data out of U.S. I am going to skip all of them. No triggers here but if you want to know more details about it, please watch the video.
3. Friday, June 27th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. Consumer Sentiment but this is a final revision so it is not tradable. Stay away from it.
Sir Pips also recorded Long Term Forward Outlook. I don't really want to transcript it because this would involve my interpretation. I think it is a good video, only 7 minutes long, and I encourage you to watch it here: Long Term Outlook
That would be all for Friday.
If you are interested more in trading news, go to Forex Diamonds - News Trading Education where Sir Pips or Magister Pips are trading all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. They post trade plans and talk about the trades as well as they give entry and exit signal live while the market moves. You can try it with no risk for 21 days so if you don't like it it is free. If you find it useful, then you can stick with us and make grow you live account with us. I am pretty sure you will be satisfied but at least give a try. Worst case scenario, you will learn something and get all your money back.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot & Crazy Cat
The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat
Finally we have Friday! So far it was a quite slow week, except Monday with a great IFO report. Oh, thank you for all the feedback regarding the test of performance I was doing two days ago.
Let me just quickly review what happened on Thursday. It is actually very simple: the U.S. GDP and Initial Jobless Claims came out very close to expectations so we did not get any trade here. Same applies to the homes sales.
At 6:45 p.m. we had the trade balance and GDP out of New Zealand. The GDP came out as expected but the trade balance deviated quite a bit but NZD/USD still was not tradable. That was good to stay away from the trade balance. No trade here.
Just for your record, we also had Japanese CPI, we had some good deviations and totally no reaction on the market. That's why I even did not mention about it in my signals.
Sir Pips is back from his vacation so we will go back to the old style where I will be just typing signals based on his videos. I will type the text based on the Sir Pips video so this will really be his signals (although sometimes I add my interpretations).
To watch the preview-review video, click here: 6-27-2008 Rev-Prev
On Friday we are going to have only one report that might be tradable.
1. Friday, June 27th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK GDP q/q final revision so this is unlikely to have a big deviation. Everyone is expecting it to come out at 0.4% so even 0.1 deviation should be tradable. If it comes out at 0.5% or higher, I would buy GBP/USD and expect 30 pips move. If it comes out at 0.3% or lower, I would sell GBP/USD and expect 30 pips move as well. With 0.2 deviation you may expect 50 pips move.
2. Friday, June 27th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have a lot of data out of U.S. I am going to skip all of them. No triggers here but if you want to know more details about it, please watch the video.
3. Friday, June 27th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. Consumer Sentiment but this is a final revision so it is not tradable. Stay away from it.
Sir Pips also recorded Long Term Forward Outlook. I don't really want to transcript it because this would involve my interpretation. I think it is a good video, only 7 minutes long, and I encourage you to watch it here: Long Term Outlook
That would be all for Friday.
If you are interested more in trading news, go to Forex Diamonds - News Trading Education where Sir Pips or Magister Pips are trading all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. They post trade plans and talk about the trades as well as they give entry and exit signal live while the market moves. You can try it with no risk for 21 days so if you don't like it it is free. If you find it useful, then you can stick with us and make grow you live account with us. I am pretty sure you will be satisfied but at least give a try. Worst case scenario, you will learn something and get all your money back.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot & Crazy Cat
The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat
