Monday, July 14, 2008
at
12:04
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Let's talk about Monday.
1. Monday, July 14th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK PPI. It is hard to give any specific triggers here. This trade performs very differently depending on the economic situation. Also, there is a great possibility of a conflicting numbers. When they all agree, the price action is pretty good but when we see some conflicts, then this may get more complicated. If all PPI came out higher or lower than expected by 0.5, we should see GBP/USD moving by 40 pips easily.
2. Monday, July 14th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
At 6:45 p.m. we will have New Zealand CPI coming out. I would focus on the q/q number which is expected to come out at 1.4%. If it comes out at 1.7%, I would buy NZD/USD and look for 35 pips move. If it comes out at 1.1% or lower, I would sell NZD/USD and expect 35 pips price action as well. There might be a very quick spike so be careful.
3. Monday, July 14th, 2008 (7:01 p.m. New York Time) UK
At 7:01 p.m. we will have UK RICS House Price Balance. I would leave it alone. If it deviates a lot, we might see 25 pips move but this is very risky report to trade.
4. Monday, July 14th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have RBA Minutes out of Australia. This is not for beginners so if you are new in Forex, skip it. If you are interested in trading it, please watch the video.
That's all for Monday.
1. Monday, July 14th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK PPI. It is hard to give any specific triggers here. This trade performs very differently depending on the economic situation. Also, there is a great possibility of a conflicting numbers. When they all agree, the price action is pretty good but when we see some conflicts, then this may get more complicated. If all PPI came out higher or lower than expected by 0.5, we should see GBP/USD moving by 40 pips easily.
2. Monday, July 14th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
At 6:45 p.m. we will have New Zealand CPI coming out. I would focus on the q/q number which is expected to come out at 1.4%. If it comes out at 1.7%, I would buy NZD/USD and look for 35 pips move. If it comes out at 1.1% or lower, I would sell NZD/USD and expect 35 pips price action as well. There might be a very quick spike so be careful.
3. Monday, July 14th, 2008 (7:01 p.m. New York Time) UK
At 7:01 p.m. we will have UK RICS House Price Balance. I would leave it alone. If it deviates a lot, we might see 25 pips move but this is very risky report to trade.
4. Monday, July 14th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have RBA Minutes out of Australia. This is not for beginners so if you are new in Forex, skip it. If you are interested in trading it, please watch the video.
That's all for Monday.
Posted by
bugatti's way
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