Hey folks,
Here is the video:
04-16-2009.swf
I'm going to keep the text rundown for today's video brief, so definitely watch the video for a more in depth look. US CPI came in mixed. The EUR/USD and stocks still seem caught in their ranges searching for a direction, but we've got some additional fundamental selling pressure building on the Euro with the ECB's Weber letting the cat out of the bag on quantitative easing today. The recommended EUR/GBP position sell from last week is working nicely and about halfway to it's 8500 target. For news Thursday:
0830 US Housing Starts (550K expected) - This indicator has lost some prominance but still should be good for 30-40 pips.
If it comes out at 600K or higher, GBP/JPY should rise by about 40 pips.
If it comes out at 499K or lower, EUR/JPY should fall by 30-40 pips.
Make sure the building permits come out in the same direction or you probably should stay out due to the conflict.
1000 US Philly Fed Index (-32 expected) - Modest slow mover here.
If it comes out at -22 or higher, EUR/JPY should rise by 30-40 pips
If it comes out at -42 or lower, EUR/JPY should fall by 30-40 pips.
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:
04-16-2009.swf
I'm going to keep the text rundown for today's video brief, so definitely watch the video for a more in depth look. US CPI came in mixed. The EUR/USD and stocks still seem caught in their ranges searching for a direction, but we've got some additional fundamental selling pressure building on the Euro with the ECB's Weber letting the cat out of the bag on quantitative easing today. The recommended EUR/GBP position sell from last week is working nicely and about halfway to it's 8500 target. For news Thursday:
0830 US Housing Starts (550K expected) - This indicator has lost some prominance but still should be good for 30-40 pips.
If it comes out at 600K or higher, GBP/JPY should rise by about 40 pips.
If it comes out at 499K or lower, EUR/JPY should fall by 30-40 pips.
Make sure the building permits come out in the same direction or you probably should stay out due to the conflict.
1000 US Philly Fed Index (-32 expected) - Modest slow mover here.
If it comes out at -22 or higher, EUR/JPY should rise by 30-40 pips
If it comes out at -42 or lower, EUR/JPY should fall by 30-40 pips.
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