Hey guys,
Here is the video:
01-28-2009.swf
Yesterday's GER IFO came out 2 higher than expected which meant you could have done a short term long, or gotten short as things topped out for a reversal trade. Either way worked well if you had some discipline, so nice action there. AU CPI came out too mixed and there was a very muted reaction.
1415 US FOMC Interest Rate Statement - expected to hold rates steady at 0 to 0.25%. The US effectively has a ZIRP now, and there's almost no chance they'll make a move on rates any time soon. The focus here will be on their statement, it's tone, their forcasts, and clarification on their "quantitative easing" measures. The reaction on the USD could go either way, so I'd prefer to focus on yen crosses to trade the risk appetite or risk aversion reaction in a more pure way.
--If the statement has reassuring forecasts and tone, dismissive of inflation/deflation, and provides clarity on their purchasing policies, than that should be good for a long on AUD/JPY, EUR/JPY and/or GBP/JPY for 50-100 pips
--If the statement has very gloomy forecasts and tone, is very worried about inflation or deflation, and remains vague on their purchasing policies, than that should be good for a short on AUD/JPY, EUR/JPY and/or GBP/JPY for 50-100 pips
1500 NZ Interest Rates, expected to cut 1% to 4%.
If they cut by more than expected to 3.75% or lower, you can take a quick short on NZD/USD, or wait for it to turn up and go long after a dip since the ultimate direction should be higher.
If they cut by less than expected to 4.25% or higher, you can take a quick long on NZD/USD, or wait for it to turn down and go short after a peak since the ultimate direction should be lower.
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:
01-28-2009.swf
Yesterday's GER IFO came out 2 higher than expected which meant you could have done a short term long, or gotten short as things topped out for a reversal trade. Either way worked well if you had some discipline, so nice action there. AU CPI came out too mixed and there was a very muted reaction.
1415 US FOMC Interest Rate Statement - expected to hold rates steady at 0 to 0.25%. The US effectively has a ZIRP now, and there's almost no chance they'll make a move on rates any time soon. The focus here will be on their statement, it's tone, their forcasts, and clarification on their "quantitative easing" measures. The reaction on the USD could go either way, so I'd prefer to focus on yen crosses to trade the risk appetite or risk aversion reaction in a more pure way.
--If the statement has reassuring forecasts and tone, dismissive of inflation/deflation, and provides clarity on their purchasing policies, than that should be good for a long on AUD/JPY, EUR/JPY and/or GBP/JPY for 50-100 pips
--If the statement has very gloomy forecasts and tone, is very worried about inflation or deflation, and remains vague on their purchasing policies, than that should be good for a short on AUD/JPY, EUR/JPY and/or GBP/JPY for 50-100 pips
1500 NZ Interest Rates, expected to cut 1% to 4%.
If they cut by more than expected to 3.75% or lower, you can take a quick short on NZD/USD, or wait for it to turn up and go long after a dip since the ultimate direction should be higher.
If they cut by less than expected to 4.25% or higher, you can take a quick long on NZD/USD, or wait for it to turn down and go short after a peak since the ultimate direction should be lower.
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