Today's Signal

Let's talk about Wednesday.

1. Wednesday, October 12th, 2008 (4:30 a.m. New York Time) UK
At 4:30 a.m. we will have UK Claimant Count Change. It is expected to come out at 40K. It is not tradable with the SNW, in my opinion. Because of BOE Inflation report coming out an hour later, I would skip this report at all.

2. Wednesday, October 12th, 2008 (5:30 a.m. New York Time) UK
At 5:30 a.m. we will have BOE Inflation report. This is not for beginners, and if you want to trade it, please watch the video for more detailed information.

3. Wednesday, October 12th, 2008 (4:45 p.m. New York Time) NEW ZEALAND
At 4:45 a.m. we will have Retail Sales headline coming out of New Zealand. It is expected to come out at 0.4. If it comes out at 1.0% or better and the other numbers are not conflicting, I would buy NZD/USD and expect 30 pips move. On the other, if it comes out at -0.2% or more negative and the other numbers are not conflicting, I would sell NZD/USD and expect 30 pips move as well. Be very careful because spreads tend to be very high for NZ reports.

That's all for Wednesday.