NEWS SIGNAL
Wednesday October 7, 2009
[8:30pm NY Time]
AU Employment Changes BUY 15K SELL -33K AUD/USD
This news release is similar to US NFP, but for Australia. It is as
a high impact report as the job's market have a direct influence
over the health of the economy. If the actual release is better, it
would be good for AUD and we would BUY AUD/USD, if the actual
release is worse, it would be bad for AUD and we would SELL AUD/USD.
The safe deviation that we are looking for is at least of 23K.
Historically a 23K of deviation has produced about 40 pips of
movement in the direction of the deviation about 75% of the time,
which is enough for making an educated prediction.
One other important news to pay attention to is the Unemployment
Rate, which is expected at 6.0%. If we do not get a conflict with
the Employment Changes, then we will proceed with the plan.
DEFINITION
"Measures the change in number of employed people during the
previous month. A rising trend has a positive effect on the nation's
currency. Job creation is an important indicator of economic health
because consumer spending, which is highly correlated with labor
conditions, makes up a large portion of GDP."
see how $5000 was turned to $40,000 in one month without lifting a finger.
http://9cc0e0vbv2gku-98kmxf4armfg.hop.clickbank.net/
Wednesday, October 7, 2009
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