Signal For July 10th

Hello dear trader and welcome to News Trading Signals Service from the desk of Ifeanyi Uche.
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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.