No Bullshit Forex Blog, A Part of No Bullshit Network

It was a disaster to trade the news today if you’re following the indicators’ release.

PMI

*FEB CHICAGO PURCHASING MANAGER INDEX: 47.9 V 50.0E - Prices Paid: 63.2 v 54.9 last

New Home Sales

*JAN NEW HOME SALES: 937K V 1.080Me, lowest rate since Feb 2003 - translates to -16.6% m/m

- prior revised to 1.123M from 1.120M

Read the full post of Chicago PMI, New Home Sales

Share This

It didn’t go with the analyst forecasts and the rates were up instead, pushing the pound down a little.

Chris,I-S gave me a little insight and tip on them. Should the indicators go in the same direction, enter a position.

Caught 4 pips (its nothing, but better than losing). It was a temporary bear run, as it rebounded up to 19652 and is going sideways now.

Read the full post of Consumer Confidence/ Existing Home Sales

Share This

It was as analysis forecasted, both Core Durable and Durable Good Orders went into the negative zone.

A long position was opened on Cable to catch the direction where the pips is going and did some adjustments to the SL so it cancels out my spread cost on the bid. A pity it closed out my position after 20 - 30 minutes later as we can see the pound broke the 1.9655 resistance 10 minutes before the release of Consumer Confidence and Home Sales index.

Read the full post of USD Durable Goods Order

Share This

We don’t see any issues of upgrading and will be bringing this blog down in a few hours time.

Popularity: 7% [?]

Share This