FX TRADING STRATEGY FOR NOV 09

Here is what's going on tomorrow. Very busy day tomorrow :)

1. Thursday, November 9th, 2006 (4:30 am New York Time) UK
We have UK trade balance coming out. Expected number is -6.5 Billion. If it comes out at -7 billion or more negative, I may possibly go short on GBP/USD. If it comes out at -5.99 Billion or less negative, I may possibly go long on GBP/USD.

2. Thursday, November 9th, 2006 (7:00 am New York Time) UK
Then we have UK interest rate statement. It's expected that UK will lift rates to 5%. If the interest rate is left unchanged at 4.75%, I may possibly go short on GBP/USD. If the interest rate is lifted to 5.25%, I may possibly go long on GBP/USD. Though, the following scenarios are not very realistic. Most likely, UK will do as everyone expects and raise the rates to 5%.

3. Thursday, November 9th, 2006 (8:30 am New York Time) USA
Then we have U.S. Trade Balance coming out, which is expected at -66 Billion. If the number comes out at -70 billion or more negative, I may possibly go long on GBP/USD. If it comes out at -63 billion or less negative, I may possibly go short on GBP/USD. I may readjust my triggers on this one based on what happens after the UK interest rate statement.