Hi there
Here is the video:
03-12-2009.swf
NZ Interest rates came out as expected, but saw some NZD upside due to some hawkish commentary by Bollard setting a prospective floor to further potential rate cuts. AU Employment Change saw a positive surprise, but a conflict on the unemployment rate made price action choppy and risky. For tomorrow:
0830 US Retail Sales X Autos (-0.3% expected) - Last month's price action was a bit disappointing, but I think this month I think the stage is set for a better reaction.
If it comes out at +0.7% or higher, EUR/JPY should rally about 50 pips.
If it comes out at -1.3% or lower, EUR/JPY should sell off by 50 pips.
1745 NZ Retail Sales (-0.1% expected) - We should see a decent price response to a surprise here.
If it comes out at +0.9% or higher, NZD/USD should rally by 30-40 pips in the first 20 minutes.
If it comes out at -1.0% or lower, NZD/USD should sell off by 30-40 pips in the first 20 minutes.
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:
03-12-2009.swf
NZ Interest rates came out as expected, but saw some NZD upside due to some hawkish commentary by Bollard setting a prospective floor to further potential rate cuts. AU Employment Change saw a positive surprise, but a conflict on the unemployment rate made price action choppy and risky. For tomorrow:
0830 US Retail Sales X Autos (-0.3% expected) - Last month's price action was a bit disappointing, but I think this month I think the stage is set for a better reaction.
If it comes out at +0.7% or higher, EUR/JPY should rally about 50 pips.
If it comes out at -1.3% or lower, EUR/JPY should sell off by 50 pips.
1745 NZ Retail Sales (-0.1% expected) - We should see a decent price response to a surprise here.
If it comes out at +0.9% or higher, NZD/USD should rally by 30-40 pips in the first 20 minutes.
If it comes out at -1.0% or lower, NZD/USD should sell off by 30-40 pips in the first 20 minutes.
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