FX Trading Signals for Dec 27
This is the week belongs to Christmas holiday, on Monday the market was holiday and yesterday there were no meaningful economic reports to trade on and today only one meaningful report is coming out from USA which is worth to trade on...
1. Wednesday December 27, 2006 (1500HRS GMT) USA
We have a house sales report coming out from USA, in my point which is the very key to the market and mostly everyone speaking about the Housing Sector stabilisation. So New Home Sales is expected to come at 1.02M which is fractionally higer than the previous month figure of 1.00M. If it comes out at more than 1.05M i go short in EUR/USD and if it comes less than 1.00M i go long in EUR/USD. But be careful in trading bcoz volume will be very thin , it can move sharply either side or it may not react too much.
1. Wednesday December 27, 2006 (1500HRS GMT) USA
We have a house sales report coming out from USA, in my point which is the very key to the market and mostly everyone speaking about the Housing Sector stabilisation. So New Home Sales is expected to come at 1.02M which is fractionally higer than the previous month figure of 1.00M. If it comes out at more than 1.05M i go short in EUR/USD and if it comes less than 1.00M i go long in EUR/USD. But be careful in trading bcoz volume will be very thin , it can move sharply either side or it may not react too much.
posted by Naveen Pantera at 7:59 PM
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