Live Trade Calls for March 13, 2009
Here is the Forex Market outlook for the next few Forex News releases.
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Here is the Forex Market outlook for the next few Forex News releases.
Forex market trade opportunity tonight when the Australian Labor Change Report is released.
We would prefer to see a sell trigger as the AUDUSD is currently in a down trend, although it made a strong move up after the RBA decided not to change interest rates last night.
Important trade data for AUD/USD tonight, for those traders following along with us at Forex Traders Daily.
We will have two opportunities for trades tomorrow. The first opportunity will be at 8:30 am EST when the Canadian GDP report is released.
For our last live trade call, we were looking at the US Durable Goods report this morning. We were looking to enter a short on the USD/JPY if the figure came out at least 2.0% worse than expected.
We will have an opportunity for a trade tomorrow with on the US Durable Goods report. Trade live with me to learn more about trading live news.
Bank Flows Light As we begin the holiday season we continue to see volatile swings as more economic data is released and persistent uncertainty about the global economy. The Bank Flows remain light and liquidity has not returned to a normal level. On Friday of this week we have US Non Farm Pay Rolls and…
Market Movement Yesterday we posted two buy levels on the GBP/USD and EUR/USD. The EUR missed the mark by 10 pips or so. However, the GBP had a solid spike into the 1.4725 buy level. We have now seen a push all the way into the 1.5050’s for a total move of about 325 pips.…
Stock Market Hits Historic Lows We have seen historic lows this week in the stock market. This coupled with the sagging global economy has driven some of the wild moves we have seen across the currencies. New Bank Flow Levels We have a few new bank flow levels to make you aware of. First on…
Trading on Fridays As always we do like to stress caution when trading on a Friday. In that past several weekends we have seen the market gap considerably. Too avoid any stress you may want to use any entries made on Fridays as intraday rather than trying to weather the weekend storm. Bank Flow Level…
Bank Flow Data Remains Thin Over the past few months, since August, the global economy has created a volatile trading environment. Bank Flow data has remained thin as we faced uncertain market conditions. With the US elections behind us, the hope is that the markets will settle somewhat and we can return to a more…