Forex alert for 12/13/2006
Hi there Mauro 
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I hope you had a wonderful day today, I sure did :)? Had two nice news trades with the UK CPI and the U.S. trade balance.? The moves weren’t as big as I expected them to be, but still managed to squeeze out a good number of pips.? I suggest you watch the videos about the UK CPI and the U.S. trade balance.? I believe you will learn a lot about the fundamentals behind those two and what they mean for currencies.? Go to this link to see the videos:
http://forexdiamonds.com/performance.htm
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Rob Grespi from kingforexsignals.com keeps amazing me more and more every day.? With his “connections” and his ability to see bids and offers in the market, he keeps giving these amazing trades not only outside of news, but also several minutes before the actual news announcements.? Yesterday he again made +87 pips, which brought his performance for December to +637 pips so far.? +637 pips in only 8 trading days so far this month is pretty phenomenal.? If someone told me about such performance, I would probably have hard time believing it.? But…we have a video of almost every trade to prove it :)? You can go here to watch the videos:
http://www.kingforexsignals.com/robtrades1206.htm
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I especially recommend you watch the trade he gave before 8 minutes before UK CPI.? You can watch it here: http://www.kingforexsignals.com/Robvideos/121206_7_Rob/121206_7_Rob.html
Okay, so let’s talk now about what’s going on tomorrow.
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1.? Wednesday, December 13th, 2006 (8:30 am New York Time) USA
We have US retail sales coming out.? We have the headline number and the number X autos.? Autos is a very expensive and volatile item, which can greatly throw off retail sales either direction, therefore most economists focus on the X autos number.? X autos is expected to gain 0.3% in the month of November, versus a loss of -0.4% back in October.? If the Retail Sales X autos come out at 0.5% or higher, it would signify that the month of November not only recovered the losses in retail sales throughout October, but even came ahead.? So if the number comes out at 0.5% or higher, I may possibly go short on GBP/USD, since it would be positive for the U.S. dollar.? On the other hand, if the number comes out at 0% or negative, I may possibly go long on GBP/USD.? No gains in retail sales in a holiday month of November, after a huge drop of -0.4% in October would be looked at as very negative for the dollar.? So if the number comes out at 0% or negative, I may possibly go long on GBP/USD.? If the headline number conflicts with the x autos number by at least 0.2% or more, I will be looking to exit right away.? If my triggers are hit, I expect this report to give us at least 30 to 50 pips, depending on the deviations.
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2.? Wednesday, December 13th, 2006 (4:45 pm New York Time) NEW ZEALAND
We have New Zealand retail sales coming out for the month of October.? It’s expected to come out at around 0.1%, which is a relatively small gain, due to a huge gain of 1.2% back in September.? If the number comes out at 1.0% or higher, it would be a very pleasant surprise for NZD, so I may possibly go either long on NZD/USD or short on AUD/NZD.? If the number comes out at -0.9% or lower, it would be the biggest drop since February of 2004, and would be shockingly bad in the short term for New Zealand dollar.? So if the number comes out at -0.9% or lower, I may possibly go short on NZD/USD or go long on AUD/NZD.
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That’s all for tomorrow
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(source: www.forexbastards.com)