Hi there my Forex friend 
Hi-Quality Preview/Review + Long-term Outlook:
1) 9-04-2008r-p.swf
Let's review what happened on Wednesday.
UK Services PMI came out much higher than expected and GBP/USD moved by 40 pips. We also had a very nice retracement and then the price went even higher.
Canadian Interest Rate statement came out as expected. The statement was very neutral as well so USD/CAD started moving down.
Let's talk about Thursday.
1. Thursday, September 04th, 2008 (3:30 a.m. New York Time) SWEDEN
At 3:30 a.m. we will have Swedish Interest Rate statement. 60% of economists expect a hike, and the other 40% expect them to keep the rates unchanged. If they hike the rates, I would sell EUR/SEK and look for 300 to 400 pips, maybe more. If they hold the rates steady, I would buy EUR/SEK and expect 400 pips move as well. I like reports when I know for sure we will have a trade.
2. Thursday, September 04th, 2008 (4:00 a.m. New York Time) UK
At 4:00 a.m. we will have UK Halifax House Price index m/m. This is not a great report to trade but if you are around, you can trade it. If it comes out at -2.5% or more negative, I would sell GBP/USD or GBP/JPY. If it comes out at -1.0% or less negative, I would buy GBP/USD or GBP/JPY. In either case, I would expect 20 to 35 pips move.
3. Thursday, September 04th, 2008 (7:00 a.m. New York Time) UK
At 7:00 a.m. we will have UK Interest Rate statement. It is expected it will come out at 5.00. If they hike the rates, I would buy GBP/USD and expect 80 pips move. If they cut the rates, I would sell GBP/USD and expect 80 pips move as well.
4. Thursday, September 04th, 2008 (7:45 a.m. New York Time) EURO ZONE
At 7:45 a.m. we will have Interest Rate statement out of Euro zone. Only one economist expect them to cut the rates so most likely they will hold the rates at expected. If they cut the rates, I would sell EUR/USD and expect 70 pips move. If they hike the rates, I would buy EUR/USD and expect 70 pips move as well.
5. Thursday, September 04th, 2008 (8:15 a.m. New York Time) USA
At 8:15 a.m. we will have U.S. ADP. I would be very careful about it because we will have Trichet speaking 15 minutes later. I would use 80K triggers here. If it comes out at -100K or lower (more negative), I would sell USD/JPY and expect 30 to 40 pips move. If it comes out at +60K, I would buy USD/JPY and expect 30 to 40 pips move as well.
6. Thursday, September 04th, 2008 (8:30 a.m. New York Time) EURO ZONE
At 8:30 a.m. we will have Trichet speaking. Please watch the video for more details.
7. Thursday, September 04th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. ISM Non-Manufacturing. It is expected to come out at 49.5. I would be trading it with 1 trigger (unless there was a huge move caused by Trichet's speech). If it comes out at 50.5 or higher, I would buy USD/JPY and expect 30 pips move. If it comes out at 48.5, I would sell USD/JPY and look for 30 pips as well.
That would be all for Thursday.
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Sirpipsalot 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 7-days FREE TRIAL. Go to Forex Diamonds to sign up for the FREE trial. This offer is for NEW customers only.
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 + Long-term Outlook:
1) 9-04-2008r-p.swf
Let's review what happened on Wednesday.
UK Services PMI came out much higher than expected and GBP/USD moved by 40 pips. We also had a very nice retracement and then the price went even higher.
Canadian Interest Rate statement came out as expected. The statement was very neutral as well so USD/CAD started moving down.
Let's talk about Thursday.
1. Thursday, September 04th, 2008 (3:30 a.m. New York Time) SWEDEN
At 3:30 a.m. we will have Swedish Interest Rate statement. 60% of economists expect a hike, and the other 40% expect them to keep the rates unchanged. If they hike the rates, I would sell EUR/SEK and look for 300 to 400 pips, maybe more. If they hold the rates steady, I would buy EUR/SEK and expect 400 pips move as well. I like reports when I know for sure we will have a trade.
2. Thursday, September 04th, 2008 (4:00 a.m. New York Time) UK
At 4:00 a.m. we will have UK Halifax House Price index m/m. This is not a great report to trade but if you are around, you can trade it. If it comes out at -2.5% or more negative, I would sell GBP/USD or GBP/JPY. If it comes out at -1.0% or less negative, I would buy GBP/USD or GBP/JPY. In either case, I would expect 20 to 35 pips move.
3. Thursday, September 04th, 2008 (7:00 a.m. New York Time) UK
At 7:00 a.m. we will have UK Interest Rate statement. It is expected it will come out at 5.00. If they hike the rates, I would buy GBP/USD and expect 80 pips move. If they cut the rates, I would sell GBP/USD and expect 80 pips move as well.
4. Thursday, September 04th, 2008 (7:45 a.m. New York Time) EURO ZONE
At 7:45 a.m. we will have Interest Rate statement out of Euro zone. Only one economist expect them to cut the rates so most likely they will hold the rates at expected. If they cut the rates, I would sell EUR/USD and expect 70 pips move. If they hike the rates, I would buy EUR/USD and expect 70 pips move as well.
5. Thursday, September 04th, 2008 (8:15 a.m. New York Time) USA
At 8:15 a.m. we will have U.S. ADP. I would be very careful about it because we will have Trichet speaking 15 minutes later. I would use 80K triggers here. If it comes out at -100K or lower (more negative), I would sell USD/JPY and expect 30 to 40 pips move. If it comes out at +60K, I would buy USD/JPY and expect 30 to 40 pips move as well.
6. Thursday, September 04th, 2008 (8:30 a.m. New York Time) EURO ZONE
At 8:30 a.m. we will have Trichet speaking. Please watch the video for more details.
7. Thursday, September 04th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. ISM Non-Manufacturing. It is expected to come out at 49.5. I would be trading it with 1 trigger (unless there was a huge move caused by Trichet's speech). If it comes out at 50.5 or higher, I would buy USD/JPY and expect 30 pips move. If it comes out at 48.5, I would sell USD/JPY and look for 30 pips as well.
That would be all for Thursday.
TRADE LIVE WITH SIR PIPS FOR FREE!
Sirpipsalot 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 7-days FREE TRIAL. Go to Forex Diamonds to sign up for the FREE trial. This offer is for NEW customers only.
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