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Forex Trading Signal 10-15-2009

Discussion in 'Current Forex Trading Signals' started by Sir Pipsalot, Oct 14, 2009.

  1. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    Hey folks,

    We saw some considerable strength in stocks today with the Dow now over 10,000 and the USD was especially weak, both in line with our current outlooks. The Euro is approaching a potential topping area around 1.5000, but the potential exists for a very sharp, quick spike higher through that level sometime in the next couple of weeks to finish off this up move and clear the air for a significant turn south. I'm keeping a close eye on it for signs that we should turn neutral or bearish, but for now, it's still best to retain a bullish bias and continue to buy on dips and take profits according to good money management.

    Stocks have plowed nicely higher, and I'll be looking to close out the remaining half of my stock long soon... maybe some around 1100 and the rest at 1120 or just whenever I decide to get back in for a long term short.

    In news Wednesday, we saw UK employment data come in just slightly better than expected, and the GBP really overreacted with a nice jolt higher. I didn't cover this report because reactions to it can be quite erratic either for or against it. US Retail Sales also came out a bit better than expected, but not enough to trade safely, and US stock earnings season is off to a great start with solid numbers, so that's helping risk appetite along. I found the FOMC minutes to be lots of double-talk, so the market may interpret the commentary there any way it wishes. In news Thursday:

    0830 US CPI Core m/m (0.1% expected) - This news item is a bit risky as most releases out of the US are right now, but I would expect USD/JPY to be the safest pair to use for it.
    If it comes out at 0.3% or higher, USD/JPY should rally 40 pips.
    If it comes out at -0.1% or lower, USD/JPY should fall 40 pips.
     
  2. Hoang Tien

    Hoang Tien Recruit

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    Time to open trade !

    May be the market will change it's direction today. It's time to jump in.

    Good trading !
     
  3. leonard rougeau

    leonard rougeau Recruit

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    No luck here deal didn't go through yet. The market is at this point what I call "Complicated" not a good time to buy unless you are willing to take a chance on your own.

    I will wait a little longer to see what happens.
     
    #3 leonard rougeau, Oct 15, 2009
    Last edited: Oct 15, 2009
  4. muntaser

    muntaser Recruit

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    oil price ??

    sir
    can u pls tell us what we expect for oil is it rally
    ang gold pls
    thank you
     
  5. muntaser

    muntaser Recruit

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    help pls

    i wish to know pls your openion for oil
     
  6. awsl

    awsl Private, 1st Class

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    Looking at Usd/Chf & Usd/CAD charging towards parity, it could easily bring Eur/Usd to pass 1.5200. Unless any of the central bank threatens some form of interventions, the dollar weakness could continue on & on.
     
  7. muntaser

    muntaser Recruit

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    spike usdix

    can see please and check on 22 sep 14:00 there is a spike siganl
    for usdix from 76.09 to 77.63 not covered right now
    so doller will suddenly rally
     
  8. vivianFX

    vivianFX Recruit

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    Thanks For The Signal

    thanks for the signal may God bless u for the good work
     
  9. midasfl

    midasfl Private

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    9/15/09 ????

    You mean 10/15/2009 right


     
  10. davedubai

    davedubai Private, 1st Class

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    signals for 16 Oct.

    The E mail link to daily trading signal for 16 Oct lead me only on this page .. Signals are missing for 16th Oct. 09
    FYI and Action

    Thanks

    dave
     

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