Trading Signals for August 26

Hello and welcome to news trading signals.

Time: 9:00am. Event: German IFO Business expectations

Previous: 90.0. Forecast: 90.3.

Recommendations: Buy EURUSD if actual is 91.8 or higher for 30 pips or more in the first 5 minutes.

Sell EURUSD if it is 88.8 or lower for 30 pips.

German IFO Business climate m/m comes out at the same time. Although historical performance shows the 2 always move in one direction, but pay close attention just in case there is a contradiction.

You may straddle the report.

Time: 3:00pm. Event: USD New Home Sales.

Previous: 530K. Forecast: 530K.

Recommendations: Buy USDJPY if actual is 550K or higher for 20pips or more in the first minute.

Sell USDJPY if it is 510K. A sell signal may do better than a buy signal this time.

That will be all for Tuesday August 26.