Thursday, May 7, 2009

Forecasts for Friday, May 8

Here are my potential trades for tomorrow (all are in Manila time which is GMT +8):

May 8, 2009

9:30 am

BUY or SELL AUD/USD depending on result of RBA Monetary Policy Statement (http://www.rba.gov.au).

2:00 pm

BUY EUR/USD - German Trade Balance comes out at 2:00pm. LONG or SHORT positions depending on result. More likely to go LONG.

4:30 pm
GBP/USD
UK PPI Imput m/m comes out. Depending on the result. If it comes out better than expected, I'll go LONG. If it's weaker than expected, I'll go SHORT. More likely to go SHORT.

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