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Forex Signal (11/4/09 Wed. 16:45 EST) New Zealand Unemployment

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 4, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    Hi there :)

    This is Felix with yet another potentially profitable trading opportunity...

    Wednesday, November 4th (16:45 New York Time) New Zealand

    We have New Zealand Unemployment Rate coming out. It is expected to read 6.4%. Last month it read 6.0%.

    Please read what this indicator means and how it affects the New Zealand Dollar by going to this link: http://www.forexpeacearmy.com/forex...tions/7377-new-zealand-unemployment-rate.html

    The trigger for this indicator is 0.3. This means that if the New Zealand Unemployment comes out at 6.7 or higher, NZD/USD will probably go down by 30 pips or more in the first 30 minutes of the report. If it comes out at 6.1 or lower, NZD/USD will probably go up by 30 pips or more in the first 30 minutes of the report. In addition to unemployment rate, they will also release number for Employment Change both quarterly and yearly. These numbers are derived from the same data, so there should be no conflicts.

    If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read my after-spike retracement strategy for this report: http://www.forexpeacearmy.com/forex...nt-rate-after-spike-retracement-strategy.html

    For example: on May 6th, New Zealand Unemployment came out at 5, versus an expectation of 5.3. It was a great money making opportunity. See for yourself what happened on this chart: Forex news trading currency exchange charts

    It is best to see for yourself the history of this report and the charts of how it affected the NZD/USD and other currencies. This way, you may possibly come up with even a better trading strategy than I am suggesting to you in this signal. Here is the link for that: Forex News Trading | Details and History for NZD Unemployment Rate

    As always, wait for my email this Friday, where I will review all successful trades of the week.

    I hope you make some money on this report
    -Felix
     
    #1 Felix Homogratus, Nov 4, 2009
    Lasted edited by : Sep 8, 2016

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