Signals for 27/02/08

Hwllo, how are you doing, I hope you had a great night rest, now lets get to business.

Let's talk about today.

1. Wednesday, February 27th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK GDP q/q coming out. I am going to use 0.1 trigger on this. On the retracement, I would enter pretty close to the pre-release price. If it comes out at 0.7% or higher, you can buy GBP/USD or GBP/JPY; if it comes out at 0.5% or lower, you can sell GBP/USD or GBP/JPY. Either way, expect about 40 pips on GBP/USD and about 60 pips on GBP/JPY.

2. Wednesday, February 27th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m we will have U.S. Core Durable Goods. It was kind of cold indicator recently but I think it may start moving the market. I would trade about 1.5 deviation on it. It is expected to come out at -1.4%. If it comes out at 0.1% or higher, I would buy USD/JPY. If it comes out at -3.0% or more negative, I would sell USD/JPY. If the trigger is hit, I would expect 25 to 30 pips of a price action on the USD/JPY. It will also depend on the trend right before the report.

3. Wednesday, February 27th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. New Home Sales coming out. It is expected to come out at 600K. Be careful on USD/JPY on this (watch the video for more details). I think 50K trigger either direction should be sufficient on this. If it comes out at 650K or higher, I would buy USD/JPY and I would expect 30 to 40 pips price movement. If it comes out at 550K or lower, that would be a sell signal on USD/JPY and I would look for 25 to 30 pips of a price action.

That's all for today. I wanna wish you a good luck in your trades.
Have a great day today and always.