BuyForexSignals.com

Hi there
 
I hope you are doing good today.  I’ve been feeling pretty crappy all day.  I think I got some food poisoning yesterday from some bad tofu or something, and been laying in bed all day, feeling like crap.  Just got up to trade the Japanese Industrial Production, which was a no trade, and been feeling pretty good since then.
 
Let’s first review what happened earlier today.  We just had one news report coming out, which was Japanese Industrial Production.  It didn’t hit my trigger, so it was a no trade.  You can watch the live video of this report by clicking on this link.  I suggest you do that, because I believe you will learn a lot: http://www.forexdiamonds.com/video.php?video=012907_JapanIndustrialProd
 
Rob Grespi didn’t do too good today.  He had a few wins and a few losses, ending up the day with -33 pips total loss, which brought his performance for the month from +859 to +826 pips total.  You can watch his live trading videos by going to this link:
http://www.kingforexsignals.com/robtrades0107.htm
 
Okay, enough reviewing…let’s talk about what’s going on tomorrow, Tuesday.
 
1.  Tuesday, January 30th, 2007 (2:00 am New York Time) UK
We have nationwide house prices coming out of the UK.  I normally don’t trade this report, but considering the last few interest rate hikes in the UK, and considering the fact that housing has been probably the #1 driving force of UK economic growth, this report would be particularly important this month.  This report will basically measure the price of UK nationwide homes for the month of January.  It is expected that the number will read around 0.8%.  If that’s the case, it would signify a relatively large jump from previous month increase of 1.2%.  If the number comes out at 1.5% or higher, it would be a huge jump, biggest since January, so I may possibly go long on GBP/USD.  If the number comes out at 0.1% or lower, I may possibly go short on GBP/USD, since it would signify that inflation in the housing sector is subsiding, which may mean that UK won’t need to do anymore rate hikes.  We may not see a big spike initially based on this number, but I am expecting the GBP/USD to move by about 30 pips or more in the first 20 to 30 minutes, assuming that my triggers are hit. 
 
2.  Tuesday, January 30th, 2007 (10:00 am New York Time) USA
Then we have Consumer Confidence coming out of the U.S. for the month of January.  Everybody is expecting an extemely strong reading of 110.  Such high expectations are based on the reading last month of 109.0, which set record high from May of 2002.  In this particular situation, I really believe that even if the number comes out as expected at 110.0 or higher, we may see a rally in the dollar.  But just to be safe, I may possibly go short on GBP/USD if the reading is 111.0 or higher.  If the reading is at 105.2 or lower, I may possibly go long on GBP/USD.
 
3.  Tuesday, January 30th, 2007 (4:45 pm New York Time) New Zealand
Then we have New Zealand trade balance coming out.  It’s expected that it will read at around -500 million or so, which would be a big improvement from last month’s -785 million reading.  If the number comes out at -800 million or more negative, I may possibly go short on NZD/USD, since a bigger than expected trade balance is generally negative for New Zealand dollar.  If the number comes out at -300 million or less negative, I may possibly go long on NZD/USD, since it would signify a drop of close to 500 million in trade balance deficit since last month.
 
That’s all for tomorrow :)  I hope we make a bunch of pips.
 
To Our Success!
-Felix Homogratus

1617 Broadway St., Suite 1001
New York, NY 10002
USA

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