Forex Trading Signals for 05/07/2007
Hi there 
I hope you had and still are having a very nice weekend Let’s first discuss what happened on Friday.
We had Non-Farm payroll coming out on Friday, which even though came out lower than expected, the deviation from expectations wasn’t big enough for a trade. I personally gave a couple of long trades on GBP/USD after the report to my forexdiamonds room, and we made a few pips, but officially this was a no trade, because it didn’t hit the triggers that I set. I suggest you still watch live trading video by going to this link: http://www.forexdiamonds.com/performance
Rob Grespi from kingforexsignals.com had a very nice day on Friday. He took 4 trades, 3 of them were winners, and one was a super small loser. He made overall +44 pips total for the day. You can watch his detailed performance and live trading videos by going to this link: http://www.kingforexsignals.com/tradedetails/0507
Let’s now talk about what’s going on tomorrow, Monday… Both Monday and Tuesday are relatively slow.
1. Monday, May 7th, 2007 (9:30 pm New York Time) AUSTRALIA
Tomorrow, we only have one report coming out, that I feel is worth watching and trading, and it’s Retail Sales out of Australia. Remember, Australia was ready to do another rate hike, but they hesitated, after CPI few weeks ago came out extremely low. Retail sales is pretty important, they can really forecast some future CPI readings, and therefore give glance into future interest rate decisions. Retail Sales are expected to come out at 0.5. If they come out at 1.0% or higher, it would be a very high reading, especially second month in a row, considering that previous month we had 0.9%, so AUD/USD may possibly go up by 40 pips or more in the first hour of the report. If the retail sales come out at 0% or lower, that means that the retail sector either didn’t expand, or even contracted from previous month, so interest rate may be even longer stretch, and AUD/USD may possibly go down by 40 pips or more in the first hour of the report.
Belive it or not, but that’s all for tomorrow Remember, tomorrow is Monday, and we will be taking few more people for Secret News Weapon at a heavily discounted scholarship special. To learn more and sign up for the waiting list, please go to this link: https://www.secretnewsweapon.com/buy+it.html
Have a nice day
To Our Success!
-Felix Homogratus
1617 Broadway St., Suite 1001
New York, NY 10002
USA