Hey folks,
Here is the video:
03-02-2009.swf
Friday's news worked out great. SEK GDP came in very low, and despite a conflict with Retail Sales, it managed to rally up 700 pips from prerelease (we grabbed about 400 of it in the diamonds room). US GDP also came in very low and gave a decent short on USD/JPY good for up to 40 pips, and we managed to get about 20 of it.
For Monday, there's a whopping 4 trades worth watching:
0830 US Personal Income (-0.2 expected) and Personal Spending (0.4% expected) - These are the two numbers coming out at 0830 that should dominate the headlines IF they have a nice deviation... but we haven't seen that in awhile.
If they BOTH come out 0.5% above expectations or either comes out 1.0% above, it should be a good long on EUR/JPY good for 40-50 pips.
If they BOTH come out 0.5% below expectations or either comes out 1.0% below, it should be a good short on USD/JPY good for 30-40 pips.
1000 US ISM Manufacturing (34 expected) - This was a solid, slow, steady trade last month and should be a good performer this month.
If it comes out at 36 or higher, it should be a good long on EUR/JPY good for 40 pips up.
If it comes out at 32 or lower, it should be a good short on EUR/JPY good for 40 pips down.
1930 AU Retail Sales m/m s.a. (-0.5% expected) - Hit or miss sometimes, but should be good for a quick 20 pips. I wouldn't hold it for more than 15 minutes since eyes will shift quickly towards interest rates later.
If it comes out at +0.5% or higher, it should be a good long on AUD/USD good for 20-30 pips.
If it comes out at -1.5% or lower, it should be a good short on AUD/USD good for 20-30 pips.
2230 AU Interest Rates (0.25% cut to 3.00% expected) - Bigger cuts should be bullish, and no cut should be bearish.
If it comes out at 3.25% or higher, AUD/USD should head higher for 40-50 pips.
If it comes out at 2.75% or lower, AUD/USD should head lower for 40-50 pips downwards.
The EUR/USD has been a bit baffling refusing to work higher and flirting with more major support levels. I think it could go either way from here, so I'm into more of a neutral bias until the Euro figures out where it wants to go.
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:
03-02-2009.swf
Friday's news worked out great. SEK GDP came in very low, and despite a conflict with Retail Sales, it managed to rally up 700 pips from prerelease (we grabbed about 400 of it in the diamonds room). US GDP also came in very low and gave a decent short on USD/JPY good for up to 40 pips, and we managed to get about 20 of it.
For Monday, there's a whopping 4 trades worth watching:
0830 US Personal Income (-0.2 expected) and Personal Spending (0.4% expected) - These are the two numbers coming out at 0830 that should dominate the headlines IF they have a nice deviation... but we haven't seen that in awhile.
If they BOTH come out 0.5% above expectations or either comes out 1.0% above, it should be a good long on EUR/JPY good for 40-50 pips.
If they BOTH come out 0.5% below expectations or either comes out 1.0% below, it should be a good short on USD/JPY good for 30-40 pips.
1000 US ISM Manufacturing (34 expected) - This was a solid, slow, steady trade last month and should be a good performer this month.
If it comes out at 36 or higher, it should be a good long on EUR/JPY good for 40 pips up.
If it comes out at 32 or lower, it should be a good short on EUR/JPY good for 40 pips down.
1930 AU Retail Sales m/m s.a. (-0.5% expected) - Hit or miss sometimes, but should be good for a quick 20 pips. I wouldn't hold it for more than 15 minutes since eyes will shift quickly towards interest rates later.
If it comes out at +0.5% or higher, it should be a good long on AUD/USD good for 20-30 pips.
If it comes out at -1.5% or lower, it should be a good short on AUD/USD good for 20-30 pips.
2230 AU Interest Rates (0.25% cut to 3.00% expected) - Bigger cuts should be bullish, and no cut should be bearish.
If it comes out at 3.25% or higher, AUD/USD should head higher for 40-50 pips.
If it comes out at 2.75% or lower, AUD/USD should head lower for 40-50 pips downwards.
The EUR/USD has been a bit baffling refusing to work higher and flirting with more major support levels. I think it could go either way from here, so I'm into more of a neutral bias until the Euro figures out where it wants to go.
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