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Forex Trading Signal 09/09/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Sep 9, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hey Folks,

    Greetings from Cactus Jack from the Diamonds. I am doing the signal tonight to give Sir Pipsalot some much deserved rest. We all need to congratulate him and his wife on the birth of their beautiful new baby girl, Naomi Sora . She came into the world weighing 5 pounds 7 ounces after 39 hours of labor. Im sure that Sir Pipslaot will fill you in with all the details when he gets back.


    Tomorrow we have two news trades scheduled. First up is NZ Interest Rate Change.We will be trading this live in the Diamonds Room at 5:00 pm Eastern. The current interest Rate in 2.5 % and the forecast is for it to remain at 2.5%. This should draw a little more attention to this news than normal. I think the market will be looking for an increase in rates as we go into this news event. Therefore if the rate stays unchanged or is cut, we will look for NZD/USD to sell off 30 to 40 pips. If the RBNZ decides to raise the rate we will look for NU to rally +30 to 40 pips.

    *EDIT* Sir Pips edited the last two sentences for clarification.

    Next up at 9:30 pm eastern we will be trading, AU Employment Change. The previous number was 32.2 with the number forecast at -15. This number is released monthly and reflects the change in the employed workers in Australia. This report should be another hot news event. With sentiment strong for the Aussie dollar and it setting a new yearly high at 0.8660. If the number comes out better than forecast I look for AUD/USD to rally +30 to 40 pips. If the number fails to impress the street I look for AU to sell off -30 to 40 pips.

    *EDIT* Usually 15-20K more or less than expected is enough for a good reaction.

    Thanks!
     
    #1 Crazy Cat, Sep 9, 2009
    Lasted edited by : Sep 9, 2009
  2. Mark Harding

    Mark Harding Corporal

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    Congratulations again Sir Pips - 39 hours !
     
  3. Real Managers

    Real Managers Banned again

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    Appreciate your signal BUT you didnt specify the deviation for Aussie Employment news.

    Ben Benanke
    9ja
     
  4. barry101

    barry101 Private

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    Really? I would expect NU to sell off if RBNZ lowers the rate.
     
  5. Real Managers

    Real Managers Banned again

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    Mixed up i guess.


    Ben Benanke
    9ja
     
  6. geografrica

    geografrica Recruit

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    Awesome! Congratulations on your new addition Sir Pips.
     
  7. oyrich

    oyrich Recruit

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    congratulations

    Congratulation sir pips on the arrival of your new baby.
     
  8. gpir

    gpir Private

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    (If the RBNZ decides to lower the rate we will look for NU to rally +30 to 40 pips.)...

    I think this signal should read nzd/usd should sell off 40pips+if they decide to lower the rate ....Can't see them hiking so this should be a sell signal in my opinion...

    I think for aussie employment data tomorrow i'll be looking anywhere between a +/- 15-25k trigger depending on how aggressive or conservative you are. If their is conflict in the unemployment numbers then i think worst case scenario a 0.2 conflict in unemployment rate won't be enough to spoil the jobs numbers as this is the main focus in my opinion.i think 25 pips + on this report is a good possibility of holding for at least 15-20minutes but if this thing is running to fast then ill prefer a sell trigger to get this back to the norm.Either way if the triggers are hit it should be a good trade..

    The above is how i would trade it. but then again everyone has their style on the news reports.

    cheers...
     
  9. king david

    king david Recruit

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    Congrats Sir & lady Pips! We welcome baby Pips ;) -God bless Naomi Sora.

    Weldone guys.

    David
     
  10. jayaprakas

    jayaprakas Recruit

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    congrats, sir pips
     

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