December 2nd 2008

Let's talk about Tuesday.

1. Tuesday, December 2nd, 2008 (7:30 p.m. New York Time) AUSTRALIA
The only one tradable report is Australian GDP q/q. This should be tradable with 0.2 trigger; in fact, 0.1 trigger last time moved AUD/USD down a little bit. 0.2 may work, 0.3 should be really good. It is expected it will come out at 0.2. If it comes out at 0.4, AUD/USD should go up by 35 pips or so (but expect retracements). If it comes out at 0.0, I would sell AUD/USD and expect 35 pips move as well.

That's pretty much all for tomorrow. I am sorry for the late email but on the other hand the Australian report is Tuesday evening so there is a lot of time to read it.