FX Trading Signals for Jan 08
1. Monday, January 8th, 2007 (7:30 pm New York Time) AUSTRALIA
We have Australian retail sales coming out of Australia for the month of November. The expectations are that the retail sales will come out at 0.3% growth from the previous big jump of 0.8%. If the number comes out flat, at 0%, that would signify that there was no growth in the retail sector in November versus October, so it would be short terms bad for the Australian dollar, so I may possibly go short on AUD/NZD. If the number comes out at 0.7% or higher, it would mean that throughout November, Australian retail sales kept up the big sales that were recorded in October, and gained another 0.7%, so it would be short term good for the Australian dollar, and I may possibly go short on AUD/NZD. If you don't have the AUD/NZD pair on your broker, you can also consider trading AUD/USD in the same manner. If my triggers get hit, I expect a move in the AUD/NZD by about 45 pips or so, and a move of around 25 to 30 pips in AUD/USD.
We have Australian retail sales coming out of Australia for the month of November. The expectations are that the retail sales will come out at 0.3% growth from the previous big jump of 0.8%. If the number comes out flat, at 0%, that would signify that there was no growth in the retail sector in November versus October, so it would be short terms bad for the Australian dollar, so I may possibly go short on AUD/NZD. If the number comes out at 0.7% or higher, it would mean that throughout November, Australian retail sales kept up the big sales that were recorded in October, and gained another 0.7%, so it would be short term good for the Australian dollar, and I may possibly go short on AUD/NZD. If you don't have the AUD/NZD pair on your broker, you can also consider trading AUD/USD in the same manner. If my triggers get hit, I expect a move in the AUD/NZD by about 45 pips or so, and a move of around 25 to 30 pips in AUD/USD.
posted by Naveen Pantera at 9:59 AM
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