NEWS TRADING
Tuesday July 7, 2009
[12:30am NY Time]
RBA Rate Decision SELL 2.25% AUD/USD
RBA (Reserve Bank of Australia) is expected to leave current rates
unchanged at 3.00%. There is very little chance for a surprise rate
cut as Australia along with most other major economies are currently in
a hold pattern... However, with the sentiment of the market turning
from risk appetite rally to risk aversion flight to safety, we do have
a possibility of seeing a surprise rate cut by RBA.
Therefore, in the off chance that RBA cuts rate by at least 0.25%,
we'll SELL AUD/USD immediately and hold on to the trade for at least 50
to 100 pips of profit...
If RBA keeps rate unchanged, we may still see volatility from the
accompanied statement, but we'll not trade because these statements
require interpretation on the fly.Get a forex robot that doubles your account every single month.click or copy and paste this link http://3c58e7yfr9bqxy13bg5m04-vaw.hop.clickbank.net/
[10:00am NY Time]
CA IVEY PMI SELL 53.4.0 BUY 47.4 USD/CAD
If the release comes out better than 53.0 then it would be good for
Canadian Dollar, so we'll SELL USD/CAD. If the release comes out
worse than 47.0, then it would be bad for CAD, and we'll BUY
USD/CAD. Get a forex robot that doubles your account every single month.click or copy and paste this link http://3c58e7yfr9bqxy13bg5m04-vaw.hop.clickbank.net/
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Tuesday, July 7, 2009
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