Hi there my forex friend 
Here is Sir Pip's video:
12-19-2008.swf
Let's first review what happened on Thursday.
German IFO came out too close to expectations so it was a no trade. EUR/USD went down 35 pips but it was mostly due it price level right before the report.
UK Retail Sales came out much better than expected, and GBP/USD went way up. Slowly but surely. I did not expect that much big move but that's OK - better bigger than smaller.
Let's talk about Friday.
1. Friday, December 19th, 2008 (7:00 a.m. New York Time) CANADA
At 7:00 a.m. we will have Canadian CPI. Do not trade the spike on this. Last month we had -0.2 deviation and a very confused price action and eventually the CAD actually gained some value. It is expected to come out at -0.1% If it comes out at -0.3% or lower, USD/CAD should eventually god down by 20 to 30 pips; if it comes out at +0.1% or higher, USD/CAD should eventually go up by 20 to 30 pips.
That's all for today. Have a good weekend.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sirpipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $39.00 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
To Our Success!
-Crazy Cat && Sir Pip
Here is Sir Pip's video:
12-19-2008.swf
Let's first review what happened on Thursday.
German IFO came out too close to expectations so it was a no trade. EUR/USD went down 35 pips but it was mostly due it price level right before the report.
UK Retail Sales came out much better than expected, and GBP/USD went way up. Slowly but surely. I did not expect that much big move but that's OK - better bigger than smaller.
Let's talk about Friday.
1. Friday, December 19th, 2008 (7:00 a.m. New York Time) CANADA
At 7:00 a.m. we will have Canadian CPI. Do not trade the spike on this. Last month we had -0.2 deviation and a very confused price action and eventually the CAD actually gained some value. It is expected to come out at -0.1% If it comes out at -0.3% or lower, USD/CAD should eventually god down by 20 to 30 pips; if it comes out at +0.1% or higher, USD/CAD should eventually go up by 20 to 30 pips.
That's all for today. Have a good weekend.
TRADE LIVE WITH SIR PIPS FOR $39.00 FOR 2 WEEKS
Sirpipsalot has a live trading room, in which he trades these news reports. There, he shares his trades in real time, including exact entries and exits, and detailed explanation for every entry and exit. The service costs $299 per month, but we have a 14-days $39.00 trial. Go to Forex Diamonds and take advantage of this offer. This offer is for NEW customers only.
To Our Success!
-Crazy Cat && Sir Pip
