Hey folks,
Here is the video:
02-06-2009.swf
If you didn't see last night's video, make sure to watch it, or at least watch the second half I uploaded to YouTube - fxdiamonds's Channel where I make some bold market predictions for the coming days and weeks. I don't upload all the signals there or anything (too much of a pain) but I will try to put some more interesting things up there.
Anyways, we had both ECB and UK interest rate decisions come out inline with expectations, so nothing big to trade off of there. There was some commentary accompanying the UK interest rate decision and from Trichet's speech that gave some price action though.
As for tomorrow:
0430 UK Industrial production (-1.2% expected) - I would look to trade a 1% trigger, but only with manufacturing production in agreement. If PPI comes out the same way, that should help it push further, if PPI comes out in the opposite direction, that should shorten the life of the trade.
If it comes out at -2.2% or lower, GBP/USD should fall 30-40 pips fairly quickly.
If it comes out at -0.2% or higher, GBP/USD should rise 30-40 pips fairly quickly.
0700 CAD Employment Change (-40K expected) - I recommend holding out for a wider deviation here as it hits huge triggers just about every other month and those are the types of deviations I want to trade.
If it comes out at -70K or lower, look to go long USD/CAD or EUR/CAD for 40-50 pips.
If it comes out at -10K or higher, look to short USD/CAD or EUR/CAD for 40-50 pips.
0830 US Nonfarm Payrolls (-540K expected) - I think a nice wide 100K trigger should keep you safe if you want a quick trade in the direction of the news, and to help bias the overall direction; however, USD/JPY will likely have a strong retracement somewhat early, so you can look to either grab the initial action, or wait for it to taper off and take it the other way. EUR/USD and EUR/JPY should create a more medium term trading opportunity as things settle down. Look out for conflicts from either big revsisions to prior numbers or from the unemployment rate.
If it comes out at -640K or lower, look to short USD/JPY for a quick 40+ pips, or look to buy USD/JPY in the first few mintues when it appears to be bottoming out.
If it comes out at -440K or higher, look to buy USD/JPY for a quick 40+ pips, or look to short USD/JPY in the first few mintues when it appears to be topping out.
For more insight, check out tonight's video. Take care and good luck trading!
To our success,
Sir Pipsalot
Here is the video:
02-06-2009.swf
If you didn't see last night's video, make sure to watch it, or at least watch the second half I uploaded to YouTube - fxdiamonds's Channel where I make some bold market predictions for the coming days and weeks. I don't upload all the signals there or anything (too much of a pain) but I will try to put some more interesting things up there.
Anyways, we had both ECB and UK interest rate decisions come out inline with expectations, so nothing big to trade off of there. There was some commentary accompanying the UK interest rate decision and from Trichet's speech that gave some price action though.
As for tomorrow:
0430 UK Industrial production (-1.2% expected) - I would look to trade a 1% trigger, but only with manufacturing production in agreement. If PPI comes out the same way, that should help it push further, if PPI comes out in the opposite direction, that should shorten the life of the trade.
If it comes out at -2.2% or lower, GBP/USD should fall 30-40 pips fairly quickly.
If it comes out at -0.2% or higher, GBP/USD should rise 30-40 pips fairly quickly.
0700 CAD Employment Change (-40K expected) - I recommend holding out for a wider deviation here as it hits huge triggers just about every other month and those are the types of deviations I want to trade.
If it comes out at -70K or lower, look to go long USD/CAD or EUR/CAD for 40-50 pips.
If it comes out at -10K or higher, look to short USD/CAD or EUR/CAD for 40-50 pips.
0830 US Nonfarm Payrolls (-540K expected) - I think a nice wide 100K trigger should keep you safe if you want a quick trade in the direction of the news, and to help bias the overall direction; however, USD/JPY will likely have a strong retracement somewhat early, so you can look to either grab the initial action, or wait for it to taper off and take it the other way. EUR/USD and EUR/JPY should create a more medium term trading opportunity as things settle down. Look out for conflicts from either big revsisions to prior numbers or from the unemployment rate.
If it comes out at -640K or lower, look to short USD/JPY for a quick 40+ pips, or look to buy USD/JPY in the first few mintues when it appears to be bottoming out.
If it comes out at -440K or higher, look to buy USD/JPY for a quick 40+ pips, or look to short USD/JPY in the first few mintues when it appears to be topping out.
For more insight, check out tonight's video. Take care and good luck trading!
To our success,
Sir Pipsalot