Watch the Trade Balance numbers tomorrow morning. The numbers will probably be greater than what is expected. I't will be a good scalping opportunity.
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Quoting GerardDislikedWatch the Trade Balance numbers tomorrow morning. The numbers will probably be greater than what is expected. I't will be a good scalping opportunity.Ignored
Quoting GerardDislikedTomorrow's report will reflect the numbers for April. In April oil prices hit an all time high. This should be reflected in tomorrow's report. The expected 3Billion increase doesn't strike me as enough.Ignored
Quoting GerardDislikedDear Stockwet,
I don't necessarily disagree with you, but remember, I'm interested in a scalping opportunity. You're right, a lot more info goes into deciding what and why to scalp than simply a report release. If someone is new to this it requires a bit of homework; so a bit more detail about why this was such a good opportunity would have been helpful.
Because of the long term structural problems facing the US Dollar, even though the numbers came in under expectations the market still reacted:
Within 30 - 40 min the following happened:
USD/CHF 50pips
USD/JPY 50pips
GBP/USD 90pips
EUR/USD 60pips
If you're a scalper this is exactly what you are looking for. In fact it is more than I had expected in light of the numbers. Don't jump in until the market starts to move.
Bernanke: it's a graduation address, who knows what he is going to say?
I actually feel sorry for the guy. He's between a rock and a hard place. His only choice is a Hobson's choice.
GerardIgnored