Hi there my Forex friend
Sir Pips is busy with his finals at his university so I am sorry but again there is no video. Today he has his last exam so I hope things go back to normal once he is done with it.
Canadian Employment came out very close to expectations so it was a no trade.
Let's talk about Thursday.
1. Thursday, December 11, 2008 (8:30 a.m. New York Time) USA/CANADA
US and Canadian Trade Balance is not something you want to trade now. I would skip it.
2. Thursday, December 11, 2008 (4:45 p.m. New York Time) USA/CANADA
The only tradable news is Retail Sales out of New Zealand which is expected to come out at 0.0%. If it comes out at 0.7% or better, NZD/USD may go up by 30 pips or so; if it comes out at -0.7%, NZD/USD may go down by 30 pips as well. Be careful, however, because 4:45 p.m. is not the best time to trade and NZD/USD may act really strange. Also, spreads might be very high so unless you can get small spread, you may consider skipping it.
That's all for today.
Have a good trading day.
Thanks,
Crazy Cat & Sir Pips.
Sir Pips is busy with his finals at his university so I am sorry but again there is no video. Today he has his last exam so I hope things go back to normal once he is done with it.
Canadian Employment came out very close to expectations so it was a no trade.
Let's talk about Thursday.
1. Thursday, December 11, 2008 (8:30 a.m. New York Time) USA/CANADA
US and Canadian Trade Balance is not something you want to trade now. I would skip it.
2. Thursday, December 11, 2008 (4:45 p.m. New York Time) USA/CANADA
The only tradable news is Retail Sales out of New Zealand which is expected to come out at 0.0%. If it comes out at 0.7% or better, NZD/USD may go up by 30 pips or so; if it comes out at -0.7%, NZD/USD may go down by 30 pips as well. Be careful, however, because 4:45 p.m. is not the best time to trade and NZD/USD may act really strange. Also, spreads might be very high so unless you can get small spread, you may consider skipping it.
That's all for today.
Have a good trading day.
Thanks,
Crazy Cat & Sir Pips.