BuyForexSignals.com

Hi there

I hope you are having a great day as always Let’s first review what happened earlier today.

We had no fundamental news announcements that were worth watching today, therefore no fundamental trades If you still didn’t watch the videos from yesterday, please go to this link to watch them: http://forexdiamonds.com/performance.htm

Rob Grespi from kingforexsignals.com had a decent day today. He had a great London Session, making +84 pips total, but then New York session wasn’t so good. He ended up taking two break even trades and two losing trades, which caused a total loss of -24 pips total. So overall for today, he is profitable by +60 pips, which brought his performance for the month to +1128 pips total. I suggest watching his live trading videos by going to this link: http://www.kingforexsignals.com/tradedetails/0207

Okay, enough reviewing Let’s talk about what’s going on tomorrow, Friday, February 23rd. And by the way, February 23rd is a big holiday in Russia. It’s the day of all armed forces, so if you have some friends that are Russian spies, or former KGB agents, make sure to congratulate them. If you are a user of Secret News Weapon, and have a technical question, you may not get a response tomorrow, because some of the spies in our technical department may be drunk and not very functional.

1. Friday, February 23rd, 2007 (4:00 am New York Time) GERMANY
We have German IFO coming out, which is a great measurement of business climate in Germany, and since Germany is the major country within Euro zone, Euro usually reacts to this number. We have two major numbers coming out. First is the German IFO Business Climate Index, and second is the German IFO Business Expectations Index. My main focus will be on the business climate number, that’s expected to come out at 107.5. If the number comes out at 110 or higher, you can possibly go long on EUR/USD, and expect a move of around 35 to 50 pips. If the number comes out at 105 or lower, you can possibly go short on EUR/USD, and expect a move of around 35 to 50 pips also. Obviously you have to take into consideration some strong price levels before the report, and make sure that there is no big conflict of over 1.0 point on the Business Expectations Index, that’s expected at around 103.2.

2. Friday, February 23rd, 2007 (4:30 am New York Time) UK
We have UK GDP number coming out. Most likely this will be a no trade, because this is second preliminary report for the 4th quarter. Remember, last month we had the first report for fourth quarter, now as more data is gathered, we will have second report for the same quarter, and next month as even more data is gathered, we’ll have final report for the 4th quarter. Obviously, the biggest chance of deviation is on the very first reporting, on the second and third reporting for the same quarter, the deviations are usually non-existent, because it’s basically the same data that’s being reported just more of it. But in any case, it is expected that the UK GDP for the 4th quarter of 2006 will read at 0.8%, which is the same as it was last month. If the reading is at 1.0% or higher, you can possibly go long on GBP/USD, and expect a move of around 50 pips. If the reading is at 0.6% or lower, you can possibly go short on GBP/USD, and expect a move of around 50 pips also. There are no conflicting reports that are released at the same time, just watch out for any strong price levels…and that’s all

I hope we make some pips tomorrow I hope you will have a wonderful weekend, and I’ll write my next signal on Sunday night

To Our Success!
-Felix Homogratus

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

This entry was posted on Friday, February 23rd, 2007 at 9:23 am and is filed under BuyForexSignals. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.