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Forex Trading Signal 02/19/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 19, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
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    Hey folks,

    Here is the video:
    02-19-2009.swf

    Yesterday's data didn't really hit triggers, so not much to cover there, but it is important to note that newstime is creating a lot of rallies with or without help from the numbers, so stay biased towards the upside on most pairs if possible.

    0830 US PPI Core m/m (0.1% expected) - A "goldilocks" or high number should see some rallying pressure whereas a very low number may cause some selling pressure. Be careful and look for the other 3 PPI numbers to agree.
    If it comes out at 0.2% or higher, USD/JPY, EUR/USD, GBP/USD, and EUR/JPY should all see some slow upwards pressure and should be good for 30-50 pips of upside depending upon the pair.
    If it comes out at -0.2% or lower, EUR/USD and GBP/USD may see some downside pressure good for about 30 pips, but be careful of a potential reversal and maybe even look to take advantage of it.

    1000 US Philly Fed Index (-25.0 expected) - 1000 news like this is likely to cause an equity reaction and EUR/USD is the best pair to follow that on currently.
    If it comes out at -15 or higher, look to go long on EUR/USD for 30-40 pips.
    If it comes out lower expect an initial downwards reaction, but look to reverse it with a long back up to prerelease or higher.

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