Forex Signal for 25th August

1. Monday, August 25th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have U.S. Existing Home Sales. Last month it did not hit my trigger (-0.08) but we saw 30 pips move on USD/JPY. This month it is expected to come out at 4.91M and I would use 0.08 deviation. If it comes out at 4.83M or lower, I would sell USD/JPY and look for 30 pips move move in the first 30 minutes. If it comes out at 5.00M, I would buy USD/JPY and expected 30 pips move as well.

2. Monday, August 25th, 2008 (6:45 p.m. New York Time) NEW ZEALAND
At 6:45 p.m.

That would be all for Monday.