Forex Market: News Trading, Part One
The methodology for predicting and trading these trends is simple and straightforward: monitor the economic calendar and trade the news.
Trading Opportunity Tonight
There is an opportunity to trade tonight when the AUD GDP Report is released at 7:30pm EST. Your focus should be on the AUD GDP (QoQ) figure, which is expected to be 0.6%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of 25-40 pips when this release…
Weekly outlook for Commodities
General Comments: Commodities continue to grab headlines, not only in financial news but now also in main stream media. This is a clear sign that commodities as a whole are at or very near a short term top. We are still using these rallies to exit the few long positions we still have on. We…
Weekly outlook for Majors
General Market Comments Last week we saw an extreme move in the Dollar breaking down below support and making both recent and all time lows against many currencies. We did not expect the extreme nature of this move and believe that at least ¼ of last weeks move is overdone in the near term. We…
Trading Opportunity Tonight
TRADING OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Retail Sales is released at 7:30pm EST. Your focus should be on the AUD Retail Sales (MoM) figure, which is expected to be 0.5%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of around…
Live Trade Calls for March 3, 2008
TRADE CALL RECAP For my last live trade call, we were watching the US GDP report that was released last Thursday. We were looking for a safe trigger of 0.4% to get in this trade. The actual number came out with a -0.2% deviation, so it did not meet our trigger and we did not…