Thursday, December 28, 2006

FX Trading Signals for Dec 28

Yesterday there was only one report which is quite good to trade and the numbers came in better than expectation but the numbers didnt hit my trigger. And today we have 3 reports are very good tradeable and all the 3 reports are coming out of USA. But trading in all these 3 reports are very difficult bcoz there will be possibilities of conflicting the reports (all coming at same time) which is very dangerous on the thin voulme trading week.

The 3 reports coming out from USA is Consumer Confidence which is expected to come at 101 and my triggers will be at 102 for Dollar long and for Dollar short anything below 100 reading. Chicago PMI is coming out at the same time and it expected to come at 50 and my triggers will be anything below 50 (contracting) will be very bad for Dollar and if it comes above 51 will be very good for Dollar. And the last report is Existing Home Sales which is expected to come at 6.20M.

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