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Archive for June, 2008
6/05/08 Bank Flow Update
The post earlier this week had a buy on the GBP at the 1.9525 zone. On the first approach we were able to catch a 30 pip bounce. (…)
Trade Opportunity Tonight / Bank Flow Weekly Recap
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD GDP
report is released at 9:30pm EDT. The expectation for the GDP
(QoQ) figure is 0.3%. We have placed a safe trigger of 0.4%
for this release. We have historically seen moves of around 25
to 40 pips when this release has met the safe deviation. We
will not have the Live Trade Room open for this trade, but I
wanted to make you aware of the opportunity. (…)
6/03/08 Bank Flow Update
Last week’s posted levels on the EUR and CHF saw a push though the levels that many smaller intraday traders may not have been able to withstand. (…)
Weekly Outlook for Forex
This week we have a virtual tsunami of data coming out. We have 4 major central bank interest rate decisions starting on Tuesday with the RBA. Then on Wednesday we have the RBNZ, followed by both the ECB and BOE on Thursday. We end the week with Friday’s NFP report here in the US so we expect to see a ton of activity this week. The main theme is still a Dollar that is trying to stabilize in the face of continued inflationary pressures. Most analysts expect none of the central banks to move rates so it does seem that we have entered into a global pause which could last the balance of this year. Any surprises would likely be on the side of cutting not hiking. Overall this pause does point favor continued stabilization of the Dollar. We continue to be Dollar buyers on dips. (…)
Weekly Outlook for Commodities
Commodities are trying to hold onto the gains they have had as you can see in the CRB index. The CRB is building a bull flag on the daily charts. However, we do not see immediate upside follow through any time soon. We remain biased to expecting a pullback in commodities in the near term. This is partially due to the stabilization we have seen in the Dollar as well as the fact that upside momentum in commodities is slowing considerably. (…)
Trade Opportunity Tonight / Trade Call for June 2, 2008
CANADIAN GDP PROVIDES UP TO 50 PIPS OF PROFIT
For our last Live on the News event, we were watching the
Canadian GDP report last Friday. We were looking to long the
USD/CAD or EUR/CAD if the report came out at least 0.2% worse
than expected. (…)
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