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Forex Trading Signal 11/03/08

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Nov 2, 2008.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there my Forex friend :)

    Sir Pips was unable to record a video for tonight so I have only written format to you.

    On Monday there are two reports that are worthy mentioning.

    1. Monday, November 3rd, 2008 (10:00 a.m. New York Time) USA
    At 10:00 a.m. we will have U.S. ISM Manufacturing PMI. Because expectations are kind of wide on this report, I would use bigger triggers here. If it comes out at 39.0 or less, I would sell USD/JPY and expect 30 pips move. If it comes out at 43.5 or higher, I would buy USD/JPY and expect 30 pips move as well. This is not a killer report but if it is going to deviate, there might be some room to make a few pips.

    2. Monday, November 3rd, 2008 (10:30 p.m. New York Time) AUSTRALIA
    Then at 10:30 p.m. we will have Australian Interest rate. It is expected to come out at 5.50%, down from 6.00%. This is very early to say how to trade it because the expectations may change but it seems if it comes out at 5.75% or 6.00%, this would be good for the Australian dollar because they did not cut as much as it was widely expected so it would be buy signal for AUD/USD, and please take your profits rather quickly. I would be careful with +0.25 trigger, however, because it is still a cut on interest rates.. If it comes out at 5.50%, then it is hard to say how the price would react so it is no trade. If it comes out at 5.25% or lower, than it would be bad for the Australian dollar, and I would sell AUD/USD and expect 50 pips move. I would take profits rather quickly, just in case.

    That would be all for Monday.

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    -Crazy Cat
     
    #1 Crazy Cat, Nov 2, 2008
    Last edited: Nov 3, 2008
  2. yiehom

    yiehom Private

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    two weeks trial

    Hello,
    I have paid for the 2 weeks trial you offer, but I didn't receive any acknowledgement nor instructions from you. Please check and tell me what to do to access the service.

    Thanks

    Yiehom
     
  3. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    Diamonds payments aren't usually processed over the weeekend. Send an email to payments(at)forexdiamonds(dot)com if you don't hear anything today.

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