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Forex Trading Signal 10/24/07

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Oct 24, 2007.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    This is Felix.

    If you wish to watch the video, just click on it, and then click on "play" icon.


    Let's first review what happened on Tuesday.

    Earlier today we were watching and possibly trading the Canadian Core Retail Sales which came out exactly as it was expected so that was a no trade. We were also watching and possibly trading the Australian CPI q/q which came out at 0.7% versus 0.9% expected. I told you if the reading is at 0.6% or below, it would be a possible sell on AUD/USD. That was an official call. It came out at 0.7% so it did not hit my trigger. That was a no trade, and thanks God it was a no trade because AUD/USD went down by only a few pips, and then it reversed because we saw a serious conflict on Mean and Average numbers.

    Let's now talk about tomorrow.

    1. Wednesday, October 24th, 2007 (10:00 a.m. New York Time) USA
    At 10 a.m. New York time we will have U.S. Existing Home Sales coming out. It is expected to come out at 5.29 M. If the reading is below 5 M, GBP/USD may possibly go up by 40 pips or more in the first hour of the report. On the other hand, if the reading is 5.51 M or above, it would be a better reading than the previous month, and that would be a nice surprise considering a bad situation with the real estate market so this reading may drive GBP/USD down by 40 pips or more in the first hour of the report. Be careful with this indicator, GBP/USD is at really high level right now. I would be very careful on longs, and in addition to that, everyone is really expecting a very bad real estate condition. Even a positive deviation may not convince people enough to sell GBP/USD, and at the same time, a highly negative deviation may be very much expected and priced in. Just be careful on this trade.

    2. Wednesday, October 24th, 2007 (4:00 p.m. New York Time) NEW ZEALAND
    Then at 4 p.m. New York time we will have interest rate statement coming out of New Zealand. Under normal circumstances we would trade this; however, right now absolutely nothing is happening in New Zealand as Bollard mentioned they are not planing to do anything with interest rates, and the inflation would be slowed due to so many increases interest rates this year. Then we saw the CPI lower than it was expected, and we saw retail sales very close to expectations. It is unanimously expected they will keep the rates unchanged, and there is no reason for Bollard to give a speech either. I think this indicator will be a waste of time, very low probability that anything will happen so I will be skipping this one.

    This is pretty much all for tomorrow.

    If you haven't been to my www.ForexDiamonds.com website, I strongly recommend you to go there. This is my live trading service, and you can trade live with me and one of my partners. Currently I am offering 21 days trial for that service, so go to that web page, and read about it. I definitely think everybody should at least try that service, and at least learn something during that 21 days.

    Good luck, and thank you very much.

    To Our Success!
    -Felix Homogratus
     
    #1 Felix Homogratus, Oct 24, 2007
    Lasted edited by : Aug 15, 2015
  2. Migo

    Migo Private, 1st Class

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    Hey Felix, seems like there is a mix up on this report. This are yesterdays news (tuesdays)
     
  3. sasoforex

    sasoforex Private

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    Good Analysis

    Hello Felix,

    I really appreciate your GOOD ANALYSIS.Thank you

    Best regards from Saka Opeyemi (SaSoForex):D
     
  4. HANS

    HANS Recruit

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    It's true this is the note for the tuesday 23 reports.
     
  5. RedRobin06

    RedRobin06 Private

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    Tomorrow is Wednesday, not Tuesday.
     
  6. uzomaeze

    uzomaeze Recruit

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    forex alert

    hi felix can you repost looks like you're making a little mistake
    its yesterday's alert
     
  7. Pip MY Ride

    Pip MY Ride Recruit

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    Felix, u listening to too much scatman, got you all confused!:D
     
  8. rpaco

    rpaco Sergeant

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  9. Ghazali

    Ghazali Private, 1st Class

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    Felix U were so tired i quess!!!

    Hello brother felix, ur reposting the the yesterday's signal. this may due to ur overload of work,,im really pity of u...u sacrifice your life to the community May God Bless u...
     
  10. ndvima

    ndvima Recruit

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    This a repost

    hi Felix,i guess this a mistake.it is yesterday's signal you repeated.Cheer up,we are with you.
     

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