US Trade Balance (Jan 10, 2007) | Forex Factory

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US Trade Balance (Jan 10, 2007)

  • #1
  • First Post: Jan 10, 2007 7:06am Jan 10, 2007 7:06am
This news is due 8:30 AM EST.

Trade Balance seems like a big mover, but the moves are not consistent. I would advice to trade lightly on this one. Likewise, I wont recommend Straddle for this one as well.

Based on Historic Charts, it mostly retraces back to pre release price then continue onwards again. But last month, it made a full reversal. Was it because last december, traders were waiting for FOMC instead? Fortunately, I was away and wasnt able to trade US Trade Balance last December or I'd get burned.

Expectation is a US$59.5. Remember, this is for Novembers' data. Does this include OIL purchases?
  • #2
  • Jan 10, 2007 7:15am Jan 10, 2007 7:15am
whats up buger, finally we get a decent repot this week

to answer your question, yes it does include oil purchases.
Relax and be happy.
  • #3
  • Jan 10, 2007 7:16am Jan 10, 2007 7:16am
Hi BurgerKing, do you have previous charts?
  • #4
  • Jan 10, 2007 7:17am Jan 10, 2007 7:17am
I agree Merlin, finally something that will create some volatility. I'm putting a small test position short GBP/USD based on cross of the trendline on the 15 min
Therefore what??
  • #5
  • Jan 10, 2007 7:17am Jan 10, 2007 7:17am
Sorry I could not update Historic charts lately. Internet in this part of the world is still screwed. Its taking more than 10 minutes just to get a chart and thats discounting disconnection.
  • #6
  • Jan 10, 2007 7:17am Jan 10, 2007 7:17am
Quoting BurgerKing
This news is due 8:30 AM EST.

Does this include OIL purchases?
This will include oil imports
Therefore what??
  • #7
  • Jan 10, 2007 7:19am Jan 10, 2007 7:19am
Hi Traders.

Are you opening positions after or before te result???
  • #8
  • Jan 10, 2007 7:20am Jan 10, 2007 7:20am
Quoting rosso832
Hi Traders.

Are you opening positions after or before te result???
Hey rosso I personally am opening before as I'm trying to test out a new technical trading system but the position is just a mini lot. Usually I wait until after the news has printed and the market has calmed down to enter.
Therefore what??
  • #9
  • Jan 10, 2007 7:21am Jan 10, 2007 7:21am
Quoting merlin
to answer your question, yes it does include oil purchases.
just heard TTN talking about this. oil was trading around $58 in November, so i dont think oil will have too much of a positive effect on US trade numbers.
Relax and be happy.
  • #10
  • Jan 10, 2007 7:25am Jan 10, 2007 7:25am
Quoting merlin
just heard TTN talking about this. oil was trading around $58 in November, so i dont think oil will have too much of a positive effect on US trade numbers.
If that was the price, I second that it wont affect trade that much.

I;d open after the retrace
  • #11
  • Jan 10, 2007 7:28am Jan 10, 2007 7:28am
-58.23
  • #12
  • Jan 10, 2007 7:32am Jan 10, 2007 7:32am
Wow Merlin, gotta love to see the traffic to FF, congrats.


Otherwise for me I got my 20 entry 1.9389 exit 9369 on the inital push down

I'm reentering at 1.9361 going for a target of 1.9334
Therefore what??
  • #13
  • Jan 10, 2007 7:35am Jan 10, 2007 7:35am
no big move on EU though
  • #14
  • Jan 10, 2007 7:36am Jan 10, 2007 7:36am
dollar shows some impressive strength with just a slightly better than expected number. the dollar is strong boys.
Relax and be happy.
  • #15
  • Jan 10, 2007 7:37am Jan 10, 2007 7:37am
I am short from 1.9366
  • #16
  • Jan 10, 2007 7:38am Jan 10, 2007 7:38am
short eur 12990...
CRAIGSLIST BARTERING CHAMPION
  • #17
  • Jan 10, 2007 7:38am Jan 10, 2007 7:38am
Quoting merlin
dollar shows some impressive strength with just a slightly better than expected number. the dollar is strong boys.
Hopefully $ will push down stronger, my money on $
  • #18
  • Jan 10, 2007 7:39am Jan 10, 2007 7:39am
Quoting BurgerKing
Based on Historic Charts, it mostly retraces back to pre release price then continue onwards again.
Looks like you're right again this time!
  • #19
  • Jan 10, 2007 7:39am Jan 10, 2007 7:39am
Crap I exited too early. Nonetheless, its still profit no matter how small.
  • #20
  • Jan 10, 2007 7:40am Jan 10, 2007 7:40am
Quoting BurgerKing
Crap I exited too early. Nonetheless, its still profit no matter how small.
Me too but thanks for all the advice - small profit is better than none to me
mama
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