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I’m short at 0.8891 at the moment for AUDUSD, now let’s take a quick peek.

Its good for a short now, but it might just be a little retracement as the whole main trend is still on the upside.

Target Profit: 0.8813
Stoploss: +10 pips locked, 0.8881

Moments I have this posted, it got stopped out LOL. +10 pips.

Read the full post of Technicals - Shorting Aussie For the Moment

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With the Interest Rate statement released at 5.75% last month which brought the pound to an all new time height of 2.0561, the pound is taking a breath with a retracement to the 2.0280 level . Seasonal chart shows that the pair usually dives towards the end of July till Mid August.

Read the full post of Jude’s Daily View - GBP Interest Rate Statement for July 07

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Here’s a little quick overview of what I usually do for my daily forex analysis exercise since there won’t be any signals out for today.

1. Check On Any News Release

I’ll hop onto Forexfactory to look at any economic news release on today’s calendar. Make sure that you have the timezone set accordingly to the one you are using.

Read the full post of Jude’s Daily Forex Routine

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The rates remained unchanged as forecasted, bringing the Royal down about 60 pips from the annoucement.

AUD still remain fundamentally strong despite no changes to the Interest Rate as we can see a strong upward rebound on the next 8 hours.

Just bagged a little pips here as I haven’t move the SL in time before the rebound

Read the full post of AUD - Interest Rate Statement

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The numbers released were better than expected on AUD retail sales. Normally I wouldn’t be looking at other pairs apart from cable, but it looks good; and the reaction to it was not really that fast.

+15 pips on this one, stopped out on my SL.

AUD seems to be fundamentally strong.

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Wasn’t looking very closely on the charts as Consumer Confidence isn’t a big indicator that’ll move the candles in any violent way. I’ve placed my stop sells in case the cable choose to crash down out of the trendlines; it didn’t

USD Consumer Confidence turned out to be even lower than forecasted, giving a quick boost to the pound around 30 pips before sliding back.

Read the full post of USD Consumer Confidence

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Fantastic day today with UK CPI Figures performing better than forecasted. It was enough to shove the pound up a big one; I look at it as a catalyst to push the cable to break the trendlines on the 4 hour.

Good trade today, I should probably start doing some charts as well so people can start correcting me if I’m wrong. lol.

Read the full post of UK CPI Figures

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Would have been a good trade if you’re trading the news; If I was in front of my terminal (Hell it’s demo still!)

The PPI figures turn out to be better than forecasted,

Read the full post of UK Feb PPI Input/Output Figures

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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

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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

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