Hi there my Forex friend
Hi-Quality Preview/Review + the other stuff:
1) 9-08-2008.swf
Let's first review what happened on Friday.
Canadian Employment change came out too close to expectations so no free drinks here.
U.S. Non-Farm Payroll was very interesting. Whereas the Non-Farm Payroll came out slightly worse than expected, we also got pretty big worse revision as well as a deviation of 0.4 on unemployment rate. A jump from 5.7% to 6.1% on unemployment rate is huge, and we saw USD/JPY going down by 80 pips. Eventually it retraced and went the other way.
The Canadian Ivey came out much lower than expected and we had a pretty nice move on USD/CAD. In the first 30 minutes we saw 45 pips move which is pretty nice.
Why did we have so big moves today? Please watch the video.
Let's talk about Monday.
1. Monday, September 08th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK PPI input m/m. If it comes out at 0% or higher and the other numbers are supporting, GBP/USD would probably spike up and then it would probably retrace. If it comes out at -2.5% and the other numbers are supportive as well, GBP/USD will probably spike down and then retrace. Probably the way to trade it is to enter a reversal trade on the spike although I will skip this report.
2. Monday, September 08th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Retail Sales. Normally it is a very good report to trade but they change the formula how to calculate the number and the economists are confused now. For example, Bloomberg did not provide the expectations so probably I will just look at the price action and see how the market is reacting. The unofficial estimate is 0.5% so if you really have to trade it, you can try enter a trade on 1.0 deviation but again, no one really knows how and if the market will react to any deviation.
That would be all for Monday.
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
Hi-Quality Preview/Review + the other stuff:
1) 9-08-2008.swf
Let's first review what happened on Friday.
Canadian Employment change came out too close to expectations so no free drinks here.
U.S. Non-Farm Payroll was very interesting. Whereas the Non-Farm Payroll came out slightly worse than expected, we also got pretty big worse revision as well as a deviation of 0.4 on unemployment rate. A jump from 5.7% to 6.1% on unemployment rate is huge, and we saw USD/JPY going down by 80 pips. Eventually it retraced and went the other way.
The Canadian Ivey came out much lower than expected and we had a pretty nice move on USD/CAD. In the first 30 minutes we saw 45 pips move which is pretty nice.
Why did we have so big moves today? Please watch the video.
Let's talk about Monday.
1. Monday, September 08th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK PPI input m/m. If it comes out at 0% or higher and the other numbers are supporting, GBP/USD would probably spike up and then it would probably retrace. If it comes out at -2.5% and the other numbers are supportive as well, GBP/USD will probably spike down and then retrace. Probably the way to trade it is to enter a reversal trade on the spike although I will skip this report.
2. Monday, September 08th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Retail Sales. Normally it is a very good report to trade but they change the formula how to calculate the number and the economists are confused now. For example, Bloomberg did not provide the expectations so probably I will just look at the price action and see how the market is reacting. The unofficial estimate is 0.5% so if you really have to trade it, you can try enter a trade on 1.0 deviation but again, no one really knows how and if the market will react to any deviation.
That would be all for Monday.
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
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