Forex Trading, Mini Accounts, Online Forex Trading System

1. Wednesday, December 26th, 2007 (9:00 a.m. New York Time) USA
On Wednesday, Dec 26, at 9 a.m. New York time we will have S&P/CS Composite 20 House Price Index y/y coming out of the U.S. It is expected to come out at -5.7%, and I recommend to use 0.3 triggers. If it comes out at -6% or more negative, that would be a sell signal on USD/JPY, and -5.4% or less negative would be a buy signal on USD/JPY. It is a new indicator, and it was performing pretty well past few months.

2. Thursday, December 27th, 2007 (8:30 a.m. New York Time) USA
On Thursday at 8:30 a.m. New York time we will have U.S. Durable Goods x Transportation and Initial Jobless Claims. The Initial Jobless Claims is expected to come out at 340K versus 346K last month. If Durable Goods comes out at 3% or higher, that would be a sell signal on GBP/USD. A reading of -2% or more negative would constitute a buy signal on GBP/USD. Then look at Initial Jobless Claims: 20K trigger should be tradable.

3. Thursday, December 27th, 2007 (6:30 p.m. New York Time) JAPAN
We are going to have Tokyo CPI coming out. I would not trade this one.

4. Friday, December 28th, 2007 (4:30 a.m. New York Time) UK
On Friday at 4:30 a.m. New York time we will have the UK Nationwide House Prices. It is expected to come out at -0.3%. I recommend trading 0.3 trigger so if it comes out at 0 or positive, it would be a buy signal on GBP/USD, good for 25 to 30 pips. If it comes out at -0.6% or more negative, it would be a sell signal on GBP/USD, good for 25 to 30 pips. You can also trade GBP/JPY.

5. Friday, December 28th, 2007 (10:00 a.m. New York Time) USA
Then at 10 a.m. New York time we will have the U.S. New Home Sales. If it comes out at 770K or higher, it would be a buy signal on USD/JPY, and a reading of 670K or lower would give a sell signal on USD/JPY with about 30 pips profit target.

1. Wednesday, March 7th, 2007 (8:15 am New York Time) USA

We have ADP Employment Report coming out of the US. It’s expected to come out at 100K or so. If the number comes out at 180K or higher, it would probably be good for the dollar, and GBP/USD may possibly decrease by around 30 to 40 pips. If the report comes out at 20K or lower, it would probably be bad for the dollar, so GBP/USD may possibly increase by around 30 to 40 pips. Remember, ADP employment will be scrutinized in order to receive clues of where the Non-Farm payroll will come out, though this report has been losing its reputation as a predictor of Non-Farm payroll, because few times, it came out completely off base. If you can’t get into this trade within 10 pips of the pre-release price, I would suggest just skipping it. Chasing this report is probably not a very good idea, because it has a tendency to quickly spike up or down, and then retrace. Market sentiment prior to this report would be crucial.Â

2. Wednesday, March 7th, 2007 (3:00 pm New York Time) New Zealand

Then we have interest rate statement coming out of New Zealand. It is expected to come out at 7.50%, so they are expecting a rate hike out of bank of New Zealand. If it comes out at 7.50%, it will probably have a reverse effect on the New Zealand dollar, since this hike is expected and priced in, when the interest rate is announced, I think Bollard will say something about that they are not going to be raising rate in the near future, and it will probably drive New Zealand dollar down, rather than up. So…if for some weird reason, New Zealand raises the rate to 7.75% or higher, it would probably be good for the New Zealand dollar, and NZD/USD might go up by 80 to 100 pips or more. If there is no rate hike, and it stays unchanged at 7.25%, it would probably be bad for New Zealand dollar, and NZD/USD may possibly decrease by around 50 pips or more. Remember…there may be comments accomodating the statement, and the sentiment of the comments may completely change the direction of the price, so be careful on this one

1. March 6th, 2007 (9:00 am New York Time) CANADA

We have interest rate statement coming out of Canada. It is unanimously expected to be left unchanged at 4.25%. If for some reason there is a hike to 4.50% or more, it would probably be good for the Canadian dollar, and USD/CAD may go down by 100 pips or more. If there is a cut to 4.0% or lower, it would probably be bad for the Canadian dollar, and USD/CAD may go up by 100 pips or more. In my opinion, there is 99.99% change that they’ll keep the rates unchanged. However, what may move the market are comments from Bank of Canada that accompany the rate decision. If the comments are hinting towards high inflation and future rate hikes, USD/CAD may possibly decrease by 30 to 50 pips or more, since it would be bullish for Canadian dollar. If the comments are hinting towards slow inflation, and a possibility of a rate cut, USD/CAD may possibly increase by 30 to 50 pips or more.