There was nothing happening on Tuesday so let's talk about Wednesday.

1. Wednesday, July 30th, 2008 (8:15 a.m. New York Time) USA
At 8:15 a.m. we will have US ADP Employment Change. I think when it deviates a quite bit, it may actually move the market well. If it comes out at 0 or higher, I would buy USD/JPY or sell EUR/USD and I would expect 40 pips price action. If it comes out at -120 K or more negative, I would sell USD/JPY or buy EUR/USD and expect 40 pips move. You may try less conservative triggers but then it may be more risky to trade.


2. Wednesday, July 30th, 2008 (9:30 p.m. New York Time) AUSTRALIA
At 9:30 p.m. we will have Australian Retail Sales m/m coming out. It is expected to come out at between 0.0% and 0.1%. If it comes out at 0.5% or higher, I would buy AUD/USD and expect 35 to 40 pips price action. If it comes out at -0.4% or more negative, I would sell AUD/USD and expect 35 to 40 pips price action as well. For additional tips how to trade this trade, please watch the video. If you trade spikes, watch out for possible numbers leaks. Also, watch out for the trade balance and in case of a big conflict, stay away from the market; however, smaller deviation on the trade balance should not be a big deal.

Happy Trading!!