07.22.07
Daily Forex Trading Signal
Regarding Sunday (July 22th, 2007) and Monday (July 23th, 2007), those two days are dead. We really do not have anything going on these two days.
We do have Australian PPI coming out on Sunday at 9:30 p.m. New York time. I do not want to trade that report. Even if deviation is humongous which happens very rarely, usually the move is not that big. Last time we saw a huge deviation of 0.6% from expectations which is very big, and we only saw a quick jump on AUD/USD by about 22 pips or so, and it happened in the first five seconds. After that the price did not do anything - it consolidated. This is too difficult to trade, and it is extremely risky to trade.
There is really nothing coming out on Sunday and Monday, but on Tuesday and in the rest of the week we will have a few very interesting reports coming out. Wait for this Tuesday.
More Jack’s Business » Daily Forex Trading Signal (22th July 2007) said,
November 17, 2007 at 3:07 pm
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