Hi there my Forex friend
Hi-Quality Preview/Review:
1) 8-6-2008r-p.swf
Let's first review what happened on Tuesday.
Actually this is very simple, everything came out as expected so officially we had no trades. Sir Pips lost a little on FOMC. Watch the video if you are really interested in it. Actually, I really recommend watching it since Sir Pips talks a lot about FOMC and U.S. economy. This is preview/review blended with his outlook videos.
Let's talk about Wednesday.
1. Wednesday, August 6th, 2008 (10:00 a.m. New York Time) CANADA
At 10:00 a.m. we will have Canadian Ivey PMI. Last month it deviated by +5 and we did not see much move at all. Nevertheless, I would try to trade it again. If it comes out at 66 or higher, I would sell USD/CAD and look for 30 pips move. On the other hand, if it comes out at 55 or lower, I would buy USD/CAD and expect 30 to 35 pips move as well.
2. Wednesday, August 6th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
At 6:45 p.m. we will have Employment Change out of New Zealand. We only get this number one a quarter. Last time we had -1.2 deviation and NZD/USD went down by 100 pips. It is expected to come out at 0.2 but the expectation range is pretty wide here. If it comes out at 0.7% or higher, I would buy NZD/USD and expect 40 pips price action. If it comes out at -0.3% or lower, I would sell NZD/USD and expect 40 pips as well.
3. Wednesday, August 6th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Employment Change out of Australia. If it comes out at +20 K or higher, I would buy AUD/USD and look for 40 pips price action. If it comes out at -10K or lower, I would sell AUD/USD and look for 40 pips move as well. However, keep in mind we will also have Unemployment Rate coming out. Higher unemployment is bad for Australian dollar, and lower unemployment rate is good for Australian dollar. It is expected to come out at 4.3%. If it deviates by 0.2, it is a significant deviation that may help move AUD up or down if it agrees with the Employment Change or screw everything up if it is conflicting.
That would be all for Wednesday.
Please watch the video. This time it is only one video with preview/review blended with the outlook forecast.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot & Crazy Cat
The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat
Hi-Quality Preview/Review:
1) 8-6-2008r-p.swf
Let's first review what happened on Tuesday.
Actually this is very simple, everything came out as expected so officially we had no trades. Sir Pips lost a little on FOMC. Watch the video if you are really interested in it. Actually, I really recommend watching it since Sir Pips talks a lot about FOMC and U.S. economy. This is preview/review blended with his outlook videos.
Let's talk about Wednesday.
1. Wednesday, August 6th, 2008 (10:00 a.m. New York Time) CANADA
At 10:00 a.m. we will have Canadian Ivey PMI. Last month it deviated by +5 and we did not see much move at all. Nevertheless, I would try to trade it again. If it comes out at 66 or higher, I would sell USD/CAD and look for 30 pips move. On the other hand, if it comes out at 55 or lower, I would buy USD/CAD and expect 30 to 35 pips move as well.
2. Wednesday, August 6th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
At 6:45 p.m. we will have Employment Change out of New Zealand. We only get this number one a quarter. Last time we had -1.2 deviation and NZD/USD went down by 100 pips. It is expected to come out at 0.2 but the expectation range is pretty wide here. If it comes out at 0.7% or higher, I would buy NZD/USD and expect 40 pips price action. If it comes out at -0.3% or lower, I would sell NZD/USD and expect 40 pips as well.
3. Wednesday, August 6th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Employment Change out of Australia. If it comes out at +20 K or higher, I would buy AUD/USD and look for 40 pips price action. If it comes out at -10K or lower, I would sell AUD/USD and look for 40 pips move as well. However, keep in mind we will also have Unemployment Rate coming out. Higher unemployment is bad for Australian dollar, and lower unemployment rate is good for Australian dollar. It is expected to come out at 4.3%. If it deviates by 0.2, it is a significant deviation that may help move AUD up or down if it agrees with the Employment Change or screw everything up if it is conflicting.
That would be all for Wednesday.
Please watch the video. This time it is only one video with preview/review blended with the outlook forecast.
Thank you and good luck with your trades.
To Our Success!
-Sir Pipsalot & Crazy Cat
The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat
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