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Forex Trading Signal 01/15/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 15, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    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.

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    Sir Pipsalot
     
  2. Ali Hamdul

    Ali Hamdul Recruit

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    Hi everyone,

    Sir Pipsalot, where did you watch the spech by Trichet ?
    I would like to know for comming statements, so that I can watch and react.


    Tia

    regards
    Ali
     
  3. sopel

    sopel Private

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    Great Job,
    target hit :)

    I was little scared when entered at 89,23 and it went 15 pips down but happy end at 89,53:)

    You're awesome,
    thank You SP.
    I'll follow your next tips :)
     
    #3 sopel, Jan 15, 2009
    Last edited: Jan 15, 2009
  4. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    I normally don't watch his speech, I watch and listen to headlines from those there live with my paid news services. You can watch it online or on bloomberg TV, but there's usually a delay.
     
  5. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    No problem, glad it worked out for you.
     

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