Thursday, July 31, 2008

additional forecast




Oil rally slows USD strength ahead of today's US Q2 GDP and tomorrow's key employment, ISM reports.


EURCHF knocking at key resistance. JPY crosses set to fall further?


MAJOR HEADLINES – PREVIOUS SESSION
    • UK Jul. GfK Consumer Confidence out at -39 vs. -37 expected and -34 in Jun.
    • Japan Jul. Nomura/JMMA Manufacturing PMI out at 47.0 vs. 46.5 in Jun.
    • Australia Jun. Retail Sales out at -1.0% vs. 0.0% expected
    • Australia Jun. Trade Balance out at 411M vs. -100M expected and May data revised up from -965M to -253M
    • New Zealand Jul. NBNZ Business Confidence out at -43.2 vs. -38.7 in Jun.
    • Japan Jun. Housing Starts out at -16.7% YoY vs. -17.8% expected
    • Japan Jun. Construction Orders out at -11.7% YoY vs. -25.2% in May
    • Switzerland Jul. CPI out at -0.4% MoM as expected
    • UK Jul. Nationwide House Prices out at -1.7% MoM vs. -1.2% expected and -8.1% YoY
THEMES TO WATCH – UPCOMING SESSION

Key Risk Events (All times in GMT)

  • Sweden Jul. Consumer and Q2 Manufacturing Confidence (0715)
  • Germany Jul. Unemployment Change (0755)
  • Norway Jul. Unemployment Rate (0800)
  • EuroZone Jul. CPI Estimate (0900)
  • EuroZone Jun. Unemployment Rate (0900)
  • Canada May Gross Domestic Product (1230)
  • US Q2 GDP - first estimate (1230)
  • US Weekly Initial Jobless Claims (1230)
  • US Jul. Chicago PMI (1345)
  • US Treasury Secretary Paulson to Speak (1700)
  • Australia Jul. AiG Performance of Manufacturing Index (2330)

Market Comments

Yesterday, the US House of Representatives narrowly rejected the so-called "oil speculation bill" that would have required position limits and the like in an attempt to prevent the accumulation of too many long positions by "speculators". The main reason for the bill failing to pass the vote had more to do with disagreement over expansion of drilling activity rather than the bill's core principles. This is a very dangerous area and market for the US legislature to be fiddling with as it would encourage the ambitions of oil futures exchanges elsewhere in the world (the bill theoretically also would have limited positions on foreign exchanges, but how in the world does the US expect to be able to establish authority elsewhere?) and could make the oil market far less liquid. The US Congress is scarily out of touch with reality. In any case, this news combined with a drop in gasoline inventories saw oil price rise sharply yesterday and they are now 6 dollars above recent lows. Oil could become a USD negative again if the sharp rise persists.

Signal for July 31th

Hello dear trader and welcome to Toozealous-Forex-Corner News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).

Wednesday we watched 2 events. AUD Building Approval did not trigger our signals as the news came out at -0.7%. But USDJPY went up by 30pips in the first 5 minutes but in all it did over 30pips in 30 minutes. ADP Non-Farm Employment Change came out at 9. This is a pointer to what we should be expecting at 1:30pm on Friday when the Non-Farm Payroll will be released, the only challenge with the Unemployment Rate that will be released at the same time.

Let us now review the events for Thursday July 31 2008.

Time: 2:30am. Event: AUD Retail Sales m/m.

Previous: 0.7%. Forecast: 0%.

Recommendations: Buy AUDUSD if actual is 0.2% or higher for 30 pips or more in the first minute.

Sell AUDUSD if actual is -0.2% or more negative for 30 pips or more. Although this can pull up to 40pips I will only target 20 to 30pips.

The Trade Balance will also come out at the same time but it is a slow market mover.

Time: 7:00am. Event: GBP Nationwide HPI m/m.

Previous: -0.9%. Forecast: -1.2%.

Recommendations: Buy GBPUSD if actual is -0.6% or less negative for 30 pips or more in the first 15 minutes.

Sell GBPUSD if actual is -1.8% or more negative.

There are other events from Canada and US at 1:30pm: GDP. But they are not worth my time.

Have a profitable trading day and to your success!

Wednesday, July 30, 2008

Signal for July 30th

Hello dear trader and welcome to Toozealous-Forex-Corner News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).

Tuesday we watched the USD Consumer Confidence. It came out at 51 which did not trigger our signals. USDJPY still went up by a little over 30 pips.

Let us now review the events for Wednesday July 30.

Time: 2:30am. Event: AUD Building Approvals.

Previous: -6.5%. Forecast: 1%.

Recommendations: Buy AUDUSD if actual is 4.5% or higher for 20 pips in the first minute.

Sell AUDUSD if it is -2.5% or more negative.

Time: 1:15pm. Event: USD ADP Non-Farm Employment Change.

Previous: -79K. Forecast: -58K.

Recommendations: Buy USDJPY if actual is -48k or less negative for 30 pips or more.

Sell USDJPY if it is -68k or more negative in the first 5 minutes.

That will be all for Wednesday July 30 2008.

This is to your trading success

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Monday, July 28, 2008

July 28th

Hello dear trader and welcome to Toozealous-Forex-Corner News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).

The weekend holiday continues as there is no event worth our time on Monday. On Tuesday we will watch and probably trade the USD Consumer Confidence Index.

Time: 3:00pm.

Previous: 50.4. Forecast: 50.0.

Recommendations: Buy USDJPY if actual is 60.0 or higher for 20 pips or more.

Sell USDJPY if it is 40.0 or lower for 20 pips or more in the first 5 minutes.

That will be all for Tuesday July 29.

This is to your trading success!

Friday, July 25, 2008

Friday July 25th

Hello dear trader and welcome to Toozealous-Forex-Corner News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).

We watched and traded 2 events from Germany and UK Thursday morning.

EUR German IFO Business Climate Index came out at 97.5 which triggered our signal and EURUSD went down for a sell by about 35pips in the first minute.

GBP Retail sales m/m came out at -3.9% and GBPUSD went down by over 35 pips in the first minute. I hope it was a good day for you.

There is no important news event to pay attention to tomorrow Friday except the USD Core Durable Goods Orders m/m.

Time: 1:30pm. Event: USD ore DURABLE Goods Orders m/m.

Sell USDJPY if it is -2.7% or more negative. That will be all for Friday July 25 2008. So take a deserved rest and let us meet here again on Sunday night for Monday’s trading signals.

This is to your success!

Tuesday, July 22, 2008

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Saturday, July 19, 2008

You're Welcome

Signal for Monday 21th July

Hello dear trader and welcome to News Trading Signals Service from the desk of Toozealous. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).



Time: 2:30am. Event: AUD PPI q/q.

Previous: 1.9%. Forecast: 1.6%.

Recommendations: Buy AUDUSD if actual is 2.1 or higher for 20 pips or more.

Sell AUDUSD if actual is 1.1% or lower for 20 pips or more.



Tuesday July 22

Time: 1:30pm. Event: CAD Core Retail Sales m/m.

Previous: 1.1%. Forecast: 0.7%.

Recommendations: Buy USDCAD if actual is 1.5% or higher for 30 pips or more.

Sell USDCAD if actual is 0.2% or lower for 30pips or more.

But watch carefully to avoid whipsaw owing to a contradiction with Retail Sales.

That will be all for Monday and Tuesday.

This is to your trading success!

Thursday, July 17, 2008

Hello dear trader, welcome to Toozealous forex corner. There are no important events to watch Thursday and Friday.

It is going to be a long weekend.

Prepare for next week and see you at the TOP!

Wednesday, July 16, 2008

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Signal for July 16th

Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).

Tuesday we watched the release of 3 main Economic Indicators.

The GBP CPI y/y came out at 3.8% and moved GBPUSD up by over 40 pips in the first minute. While the German Zew Economic Sentiment came out at -63.9 but did not do well on EURUSD sell due to the weakness of the US Dollar. Then at 2:00pm local time, CAD Interest Rate Statement came out as expected at 3.00% and was a no trade.

A couple of events will be worth our time on Wednesday July 16.

Time: 9:30am. Event: GBP Claimant Count Change.

Previous: 9K. Forecast: 10K.

Recommendations: Buy GBPUSD if actual is 9K or lower for 30 pips or more.

Sell GBPUSD if it is 11K or higher for 30 pips.

A couple of strategies might work for this.

Time: 10:00am. Event: EUR CPI y/y.

Previous: 4.0%. Forecast: 4.0%.

Recommendations: Buy EURUSD if actual is 4.1% or higher for 30pips.

Sell EURUSD if actual is 3.8 or lower for 30 pips.

I will prefer not watching the other indicators as there might be too much whipsaw.

This is to your trading success!

Tuesday, July 15, 2008

Signals for July 15th

Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).

Sunday night we watched NZD Retail and Core Retail Sales reports. The reports were conflicting but weighed more on the Retail Sales negative outcome. NZDUSD went down by 31pips and quickly retraced. I know it was a tough one for many particularly if you did not trade with TP or Trailing Stop.

GBP PPI input at 9:30am Monday came out at 2.1 and did not trigger our signals. But GBPUSD still went down by 26pips. Then we had the NZD CPI q/q report which came out at 1.6% but there was a serious whipsaw that made it unprofitable.

Now let us review what to expect on Tuesday July 15 2008.

Time: 9:30am. Event: GBP CPI y/y.

Previous: 3.3%. Forecast: 3.6%.

Recommendations: the Core CPI y/y will also come out but the 2 are expected to go in one direction. I recommend trading this with the 5 minutes trading strategy and get out in less than 5 minutes of release with a Take Profit of 20 to 30 pips and a Stop Loss of 5 to 10 pips.

Time: 10:00am. Event: EUR German ZEW Economic Sentiment.

Previous: -54.2. Forecast: -55.

Recommendations: Buy EURUSD if actual is -50 or less negative for 30 or 40 pips.

Sell EURUSD if actual is -60 or more negative. The ideal strategy here is still the 5 minutes trader or you simply straddle the trade with 5 pips stop loss.

Time: 1:30pm. Event: US Core Retail Sales m/m.

There are too many reports coming out from US at this time. I will recommend skipping this except of course you are well experienced to handle the volatility that may be experienced.

Time: 2:00pm. Event: CAD Interest Rate Statement.

Previous: 3.00%. Forecast: 3.00%.

Recommendations: Buy USDCAD if actual is 2.75% or lower for 70 pips. Sell USDCAD if it is 3.25% or higher. If you have the 5 minutes trader use it wisely here with a stop loss of 10 pips if your dealer allows it.

So, that will be all for Tuesday July 15. I hope you make some good pips.

This is to your success!

Monday, July 14, 2008

Monday July 14

Time: 9:30am. Event: GBP PPI Input m/m.
Previous: 3.8%. Forecast: 2.5%.
Recommendations: Buy GBPUSD if actual is 3.1% or higher for 30 pips or more.
Sell GBPUSD if actual is 1.9% or lower for 30 pips.
The 5 Minutes trader will also be ideal here. You may also scalp the report on the retracement.

Time: 11:45pm. Event: NZD CPI q/q.
Previous: 0.7%. Forecast: 1.4%.
Recommendations: Buy NZDUSD if actual is 1.6% or higher for 30pips.
Sell NZDUSD if it is 1.2%. Note that 0.1 deviation worked for this last month.
The price action for this event will last for only 1 minute and may be best traded with the 5 minutes strategy.
That will be all for Sunday and Monday July 13 & 14 2008.
This is to your success!

Friday, July 11, 2008

Trading Signal For July 11th

Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.

All time is Local Nigerian Time (GMT+1).

We had a couple of events to watch and probably trade today beginning with the AUD Employment Change at 2:30am. It came out at 29.8K with Unemployment rate dropping to 4.2% from previous and expected 4.3%. It was such a swift move for the AUDUSD that some missed out of the action. One of my accounts had a wrong filling while another made 39pips out of about 70pips the pair did in the first minute.

The GBP Halifax HPI came out at -2.0% and GBPUSD went down by over 30 pips. I lost 5pips with the 5 minutes trader on this one but it performed better on the retracement.

Then at 12:00pm the GBP Interest rate Statement came as expected at 5.00% and was a no trade.

Finally, we had the USD Unemployment Claims at 1:30pm which was good for the US Dollar but the pre-release price was too high already for the USDJPY. It only went up by only 16pips. It came out at 346K but did not do quite well. On average I will say today was not that bad after all.

Now let us review what to expect on Friday July 11 2008.

Time: 12:00pm. Event: CAD Employment Change m/m.

Previous: 8.4K. Forecast: 10K.

Recommendations: Buy USDCAD if actual is 1K or lower for 30 pips or more.

Sell USDCAD if actual is 19K or higher for 30 pips.

Watch out for any contradictions from the unemployment rate report.

Time: 1:30pm. Event: USD Trade Balance.

Previous: -60.9B. Forecast: -62.1B.

Recommendations: Buy USDJPY if actual is -60.9 or less negative for 30 pips or more.

Sell USDJPY if actual is -62.8B or more negative for 30 pips.

The 5 minutes trading Strategy might still be ideal here.

This is to your trading Success!

Wednesday, July 9, 2008

Signal For July 10th

Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche.
This service is absolutely FREE and is guaranteed to make up to 150 pips per week trading only news events.
All time is Nigerian Local time (GMT +1).
First I want to apologize for the error in the timing for the CAD Housing Starts. Although it was a no trade since the outcome was the expected number but noticed I even missed the trade as I was also working with 1:30pm instead of 1:15pm.
But let us review the other events as well; the JPY Core Machinery Orders m/m came out at 10 which triggered our signal for a sell. But as I told you not to rely on a sell signal for this indicator, USDJPY only went down for about 8pips in the first hour. The AUD Home Loans m/m came out negative for the AUD at -7.9% and also triggered our signal for a sell on AUDUSD and it did over 30pips on the downside. The GBP Trade Balance came out at -7.5B but we saw an upward move of about 10 pips in the first minute before it finally went down by less than 20 pips. I scalped 3 pips out of this.
Let us now check out the events to watch and probably trade Thursday July 10.

Time: 2:30am. Event: AUD Employment Change m/m.

Previous: -19.7K. Forecast: 10.2K.

Recommendations: Buy AUDUSD if actual is 25K or higher for 30 pips.

Sell AUDUSD if actual is -5K or more negative.

Using the 5 Minutes Strategy to exit in 5 minutes or less will be a good idea here. But note that the Unemployment rate will be coming out at this time although price action would have over ridden any contradictions for those who enter ahead of time.

Time: 9:00am. Event: GBP Halifax HPI m/m.

Previous: -2.4%. Forecast: -1.0%.

Recommendations: Buy GBPUSD if actual is 1.0% or higher for 30 pips or more.

Sell GBPUSD if it is -2.0% or more negative.

I will attempt this with the 5 Minutes Trader and use 5 pips stop loss.

Time: 12:00pm. Event: GBP Interest Rate Statement.

Previous: 5.00%. Forecast: 5.00%.

Recommendations: I would have recommended skipping this one going by what we have experienced in the past months, but I hope the economists are wrong this time in their forecast so we can make more money. So, buy GBPUSD if the rate is 5.25% for 50 or 70 pips. Sell GBPUSD if it is 4.75% for 50 or 70 pips.

Using the straddle strategy or 5 Minutes Trading should work well here with 5 pips Stop Loss.

Time: 1:30pm. Event: USD Unemployment Claims.

Previous: 404K. Forecast: 397K

Recommendations: Buy USDJPY if actual is 387K or lower for 20 pips or more. Sell USDJPY if actual is 407K higher for 20 pips or more.

Signal for July 9th

Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely Free and is guaranteed to make up to 150 pips per week trading only news events. All time is Nigerian Local time (GMT +1).

The USD Pending Home Sales report came out at -4.7 which of course triggered our signals for a sell on USDJPY. It went down for only 16 pips. The 5 Minutes Trader did not do well with this as we recorded a loss of 5 pips.

Let us now review what to watch and probably trade on Wednesday July 9.

Time: 12:50. Event: JPY Core Machinery Orders m/m.

Previous: 5.5. Forecast: 1.1.

Recommendations: Buy USDJPY if actual is 4.1 or higher for 20 pips.

A sell signals here may not do so well. However, I will sell if actual is -3.1 or more negative for 10 or 15 pips. This is a slow mover so do not be in a hurry.



Time: 2:30am. Event: AUD Home Loans m/m.

Previous: -3.0%. Forecast: -2.0%.

Recommendations: Buy AUDUSD if actual is -1.5% or less negative for 15 to 20 pips.

Sell AUDUSD if it is -2.5% or more negative.

Time: 9:30am. Event: GBP Trade Balance.

Previous: -7.6B. Forecast: -7.4B.

Recommendations: Buy GBPUSD for 30 pips or more if actual is -7.3B or less negative.

Sell GBPUSD if it is -7.5B or more negative.



Time: 1:30pm. Event: CAD Housing Starts m/m.

Previous: 221K. Forecast: 217.5K.

Recommendations: Buy USDCAD if actual is 192.25 or lower and expect up to 30 pips move although we might notice an initial downward move before it heads upward.

Sell USDCAD if actual is 242.5 or higher for 30 pips. If in 5 minutes it hasn’t exceeded 30pips take your profits and exit. You may use 10 pips Stop Loss with the 5 Minutes Trader.
Posted by defxcoach under

Tuesday, July 8, 2008

Tuesday Trading Signal July 8th

Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely Free and is guaranteed to make up to 150 pips per week trading only news events. Early Monday morning we watched the GBP Industrial Productions m/m.

It came out at -0.8% which triggered our signal. But appeared the news leaked and selling had started some 20 seconds before the time. The 5 minutes trader made some 10 pips out of over 20 pips that it moved in the first minute before price went back to prerelease price level. I hope you were able to catch something. If not, we have just one event tomorrow and I think it is another opportunity.

Time: 3:00pm. Event: Pending Home Sales m/m.

Previous: 6.3. Forecast: -2.4.

Recommendations: Buy USDJPY if actual is -0.4 or a positive number for 30 pips or more.

Sell USDJPY if actual is -4.4 or more negative for 30 pips.

I will use the 5 Minutes Trader here with 5 pips Stop Loss and target 15 to 20 pips.

This special notice is to all my protégées who have attended the news trading meeting before (except participants at the May 29 Meeting) and want to attend this coming Saturday’s workshop, I was just reminded that you should pay =N=1000 as usual. So, you are all welcome. I expect to see you all on Saturday for the July 12 Pivot Points and News Trading Workshop.

This is to your success!

Ifeanyi Uche

Monday, July 7, 2008

TRADING SIGNAL MONDAY 7TH

Hello dear trader and welcome to Naira4Gold.com News Trading Signals Service from the desk of Ifeanyi Uche. This service is absolutely Free and is guaranteed to make up to 150 pips per week trading only news events. Welcome to a new and expectant week. Hope you enjoyed the weekend holidays because I did. We seem to have only one event to watch and probably trade on Monday July 7th 2008.


Time: 9:30am. Event: GBP Industrial Productions m/m.

Previous: 0.2%. Forecast: -0.1%.

Recommendations: Buy GBPUSD if actual is 0.1% or higher for 30 pips or more.

Sell GBPUSD if actual is -0.2% or more negative 30 pips or more.

That will be all for Monday.

Let me just tell you something about Taiwo Balogun’s Auto Pivot Calculator.

Truth is with the auto pivot calculator installed in your computer you do not need to calculate pivot points everyday. It automatically updates by itself daily, weekly or monthly depending on the type of trader you are. It is like this: install once and continue using everyday, every week and every month.

All participants at coming Saturday’s Pivot Points and News Trading Workshop will not only learn how to use pivot points to make more profits but will also start using the auto pivot calculator for their daily trading activities. Make sure your best friends know about this and are present on Saturday.

This is to your trading success!

Ifeanyi Uche

Friday, July 4, 2008

Friday July 4 2008.

Friday July 4 2008

A happy Independence Anniversary to all Americans out there.

We have only one event to watch and probably trade on Friday July 4.

Time: 3:00pm. Event: CAD IVEY PMI.

Previous: 62.5. Forecast: 62.25.

Recommendations: This indicator has not been doing well lately. However, Buy USDCAD if actual is 57.25 or lower for 20 pips or more.

Sell USDCAD if actual is 65.25 or higher for 30 pips or more.

This I think the 5 Minutes Trader will be ideal for this with 5 pips Stop Loss.

If it is a buy signal please do not stay long in the trade except of course the actual is less than 50.

That will be all for Friday July 4 2008.

I will be bringing you updates on the 5 Minutes Trader, the July 12 Pivot Points and News Trading Workshop Thursday night.

This is to your trading Success!

Ifeanyi Uche

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