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Sunday 31 January 2010

Forex Signal (Mon, Feb 01, 04:28 am EST) UK Manufacturing News

On Monday, Feb 01 at 04:28 am New York Time we will have UK Manufacturing PMI coming out. It is expected to read 54.0. Last month it read 54.1.

This might be released at 04:28 or at 04:30 - we will see...

I recommend trading GBP/USD for this report.

Please read what this indicator means and how it affects the GBP/USD by going to this link: UK Manufacturing PMI

The trigger for this indicator is 1.5. This means that if UK Manufacturing PMI comes out at 55.5 or higher, GBP/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 52.5 or lower, GBP/USD will probably go down by 30 pips or more in the first 45 minutes of the report.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

Tuesday 12 January 2010

aud/usd Australian Employment Report coming out

We have Australian Employment Report coming out. It is expected to read 10.2. Last month it read 31.2.

I recommend trading AUD/USD for this report.

Please read what this indicator means and how it affects the AUD/USD by going to this link: Australian Employment Change m/m

The trigger for this indicator is 15. This means that if Australian Employment comes out at 25.2 or more, AUD/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at -4.8 or more negative, AUD/USD will probably go down by 40 pips or more in the first 45 minutes of the report.

We will also have Australian Unemployment Report coming out, if it conflicts with the Employment Report, I recommend staying out, but they almost never conflict.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

To read the after-spike retracement strategy for this report click here: Australian Employment Change m/m (after-spike retracement strategy)

For example: on December 09th, Australian Employment came out at 31.2, versus an expectation of 5.0. AUD/USD went up by 60 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link