trading801's Koala Forex Articles and EUR/USD views

Shorted at 4758 ... Let's see what happened ...

Hi all Koalas

Good morning my friend.

good morning Masoud
Ready for pips ??

Good morning my Koala friends, any idea for now?

For me strong possibilities of retrace to 4740 and maybe 4720 ??
Just my 2 cents ...

November 4, 2009


1) 9:30 GMT UK services PMI is published with the expected 52.3.

if Services PMI >= 53.3 then GBPUSD go Up 40 pips
if Services PMI <= 51.3 then GBPUSD go Down 40 pips


2) 13:15 GMT America's private sector employment index -197.5K expected to be announced. (ADP Non-Farm Employment Change)

if ADP >= -97.5K then USDJPY go Up 50 pips
if ADP <= -297.5K then USDJPY go Down 50 pips


3) 15:00 GMT ISM Index of Services America with 51.5 expected to be released.

if ISM Non-Manufacturing >= 52.5 then GBPUSD go Down 30 pips
if ISM Non-Manufacturing <= 50.5 then GBPUSD go Up 30 pips


4) 19:15 GMT America announced interest rate is expected no change, remain below 0.25%.

if Interest Rate = 0.50% then USDJPY go Up 100 pips
if Interest Rate = 0.00% then USDJPY go Down 100 pips


5) 21:45 GMT The unemployment rate in New Zealand with the 6.4% expected to be released. At the same time also announced changes to employment that if the news were announced against the it is better not trading.

if Unemployment Rate >= 6.7% then NZDUSD go Down 30 pips
if Unemployment Rate <= 6.1% then NZDUSD go Up 30 pips


6) 00:30 GMT tomorrow morning The Australian Trade Balance with the expected -2.16B released.

if Trade Balance >= -1.16B then AUDUSD go Up 40 pips
if Trade Balance <= -3.16B then AUDUSD go Down 40 pips

today is full of the news and very dangerous, to be honest I am very conservative And may today, I do not Trade.

How did you get this go Up & go Down .. pips ? :nerd:

hi.. i am gladu like it.. i hope u come here often and join our koalas!!!

sorry i didnt not reply earlier...


to the other koala buddies.. am happy u all having discussion etc yourselves.. i having bad day at work busy... and i thought this thread will be quiet.. but no ! all koalas are here

“Felix Homogratus” is one of the analysts and Forex News traders, one of my friends (In an Iranian site) have bought their monthly subscription.

Morning trading801, GOLD is $1092

Read up on forex articles like money management, The US Dollar, EUR/USD Views and more at

TheGeekKnows.com

Nov. 4 (Bloomberg) -- Jean-Claude Trichet is struggling to control Germany’s Axel Weber and fellow European Central Bank council members who are flouting communications etiquette as the bank prepares to exit emergency stimulus measures.

Weber pushed bond yields higher when he breached ECB protocol on Oct. 29 by revealing a possible policy shift on long-term lending to banks, something normally reserved for Trichet. Weber and Belgium’s Guy Quaden also broke a rule that officials refrain from commenting on policy in the week before interest-rate decisions, even though Trichet keeps a list of those who speak out of turn.

Thanks for sharing, Masoud123

Oh very nice, I didn't know where you get that numbers before. Thanks for sharing.

Good Morning to all.

The sun haven't rise yet, but the birds are beginning to sing, so it's almost there

sorry buddies.. my work is crazy today.. feeling HOT be in a few hours later forex4 u did not sleep at all? GO SLEEPl hee

All Eyes on the FOMC

Market Brief

The USD has been slowly falling in the Asian session as risk appetite increases and equities rally. EURUSD traded higher to 1.4770 from 1.4660 while USDJPY climbed to 90.90 from 90.20. Risk correlated trades generally received a boost from Berkshire Hathaway agreeing to buy railroad Burlington Northern Santa Fe Corp and News Tuesday that the Reserve Bank of India bought 200 metric tons of gold from the IMF for $6.7bn . These events caused Wall Street to close slightly higher and gold to surge to $1084. Today in Australia, retail sales data surprised to the downside -0.2% vs. 0.5% exp. This data should provide a warning sign to AUD bulls, supporting the theory that the RBA will continue to move cautiously with its tightening, and slightly lowers the probability of a December rate hike (however there is lots of data between now & then). The clear highlight of the day will be tonights FOMC rate decision. Its universally expected that the Fed will hold rates at their already ultra-low level tonight, so traders will be scrutinizing the language in the accompanying statement. Markets expect the FOMC to upgrade its assessment of the economy in response to recent strong economic data. In particular, we look for the Fed to adjust the phrase "although economic activity is likely to remain weak for a time" to a subtly more optimist outlook. Most importantly we expect the FOMC to preserve its statement that it expects economic conditions "to warrant exceptionally low levels of the federal funds rate for an extended period." Even the slightest cosmetic changes, towards the hawkish end of the spectrum, will spark participants running for the safe-haven exits. In addition, the statement will also likely be adapted to officially inform that the FOMC's Treasury purchase program has ended. Just before the FOMC will be the always entertaining ADP employment report. NFP on Friday will be huge for the direction of financial markets; therefore todays ADP employment report should provide a plausible indication of the change in private payrolls given its track record this year.

AC-Markets

woah i harvest about 150 pips from the commodities currencies but small size

That sounds interesting, I read something about it, Do you recommend I master Forex before entering that market? or I can be learning both at the same time?

By they way, I'm out of my home, I bring my laptop with me, don't want to miss this huge event, 45mins to begin.

Be back then... I will put an alarm on my cellphone just in case.

Good trading day to you all, plz remember your SL when opening your positions.

It may sound stupid, but really don't know it. What is a commodities currencies? Please need to know to broaden my knowledge, possibly venture into it in the future.