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Forex Trading Signal 09/03/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Sep 3, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
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    Hi there my Forex friend :)

    Hi-Quality Preview/Review:
    1) 9-03-2008r-p.swf

    Let's first review what happened on Tuesday.

    At 12:30 a.m. we had Australian Interest statement. AUD/USD moved up a little and then we had a big sell off.

    At 10:00 a.m. we had U.S. ISM Manufacturing which came out very close to expectations so no trade here.

    Australian GDP came out lower but not low enough to enter a trade. No trade as well.

    Let's talk about Wednesday.

    1. Wednesday, September 03rd, 2008 (4:30 a.m. New York Time) UK
    At 4:30 a.m. we will have UK Services PMI. I would trade it with 1 trigger. If it comes out at 48 or higher, I would buy GBP/USD and expect 35 pips move. If it comes out at 46 or lower (45.9 even better), I would sell GBP/USD and expect 35 pips move as well. This is not a killer report but probably there is a way to make some money on it.

    2. Wednesday, September 03rd, 2008 (9:00 a.m. New York Time) CANADA
    At 09:00 a.m. we will have Canadian Interest Statement coming out. It is expected to come out at 3.00% and only one economist expect them to cut the rates to 2.75%. If they cut the rates, I would buy USD/CAD; if they hike the rates, I would sell USD/CAD. This is highly unlikely to happen so if it happens, I would expect at least 50 pips move.

    This is all for Wednesday.

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    -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
     
    #1 Crazy Cat, Sep 3, 2008
    Lasted edited by : Sep 3, 2008

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