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Forex Trading Signal 03/23/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 23, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hey Folks,

    Here is the link:
    03-23-2009.swf

    Please watch the first half of the video for analysis on the EUR/USD, Gold and S&P 500 as I point out some key levels and likelihoods to watch out for. Friday's news saw yet another Canadian report (CAD Retail Sales) come out with what should have moved the USD/CAD down decently, but it had a whipsaw rally with what seemed like market manipulation as the USD was losing strength at the time to almost everything except the CAD. I think some of the market makers are specifically messing with the USD/CAD on the news and I think we should back off trading CAD news except for especially big reports like their employment figures. We do have one good probability news trade for tomorrow though:

    1000 US Existing Home Sales (4.45M expected) - This number has done pretty well on both the USD/JPY and the EUR/USD lately, so I recommend trading it on the EUR/JPY to take advantage of both.
    If it comes out at 4.65M or higher, EUR/JPY should go up by 50+ pips.
    If it comes out at 4.25M or lower, EUR/JPY should go down by 50+ pips.

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    To our success,
    Sir Pipsalot
     
  2. bigdaddio

    bigdaddio Recruit

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    Thank You

    Thank you for the suggested highs and falls. I am on dummy so will watch it closely.
    I thank you for your time
    Also I hope the offer of joining Diamond wil remain for when I feel hapy to trade.
    Thank You
    Bigdaddio
     
  3. Wizeman

    Wizeman Recruit

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    Eur/usd

    Hi guys, can someone explain one point from the video I don't get, please? If existing housing comes low in USA at 10AM, then I understand USD/JPY will go short as USD will loose strength and it's the base currency. But I don't get it why the EURO/USD, the EURO goes short too? It should not be the opposite as the USD loosing strength then the base currency which is Euro get stronger??? Thanks in advance for your help!

    Thanks Sirpip for the daily signal great job, keep going!
     
    #3 Wizeman, Mar 23, 2009
    Last edited: Mar 23, 2009
  4. NATAN SHAIN

    NATAN SHAIN Private

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    eur/jpy

    hello mrs pips
    why you stop talking about eur/jpy
     

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