Trade Signal

Let's talk about Friday.1. Friday, December 12th, 2008 (8:30 a.m. New York Time) USAAt 8:30 a.m. we are going to have US PPI and US Retail Sales. U.S. Retail Sales headline is expected to come out at -2.0%. and U.S. Retail Sales core is expected to come out at -1.8%. I would not worry too much about PPI. This may or may not work because the market is so absorbed about the other news now. But, I still think it may work but do not trade it on EUR/USD or GBP/USD, trade only on USD/JPY. If the core number comes out at -2.8% or more negative, I would sell USD/JPY and expect 30 pips move. If it comes out at -0.8% or less negative, or positive, I would buy USD/JPY and expect 30 pips move as well.That's all for today. Have a good trading session, and have a good weekend.