Hi Traders
Friday, It's time to review our week's trading summary and find our mistake , Also we need to prepare ourself for Next trading weeks, why not be the next to use this wildly profitable strategy, we're off to the races...Forex Supreme
The Australian Dollar (AUD)- was boosted by all time lows in Unemployment Rate coming in at 4.1%, below forecasted figures of 4.3%. The buoyant data confirmed that the labour force had grown by 26.8K jobs, adding to growing expectations that the RBA may move to increase rates in their March meeting.
USD-The U.S. Labor Department published yesterday its weekly data concerning the number of the U.S. initial claims for state unemployment insurance aid. The data indicated a drop of 9,000 to 348,000 - slightly better than Wall Street's consensus expectation of 350,000. The December trade balance came in at a monthly deficit of $58.8B, lower than the expected $61B. The trade deficit totaled $711.6 billion for all of 2007, down 6.2 percent from the record set in 2006 and the largest annual percentage drop since 1991...
USD/CHF-This pair dipped yesterday well beyond the key 1.1000 resistance level. The next target price will now be the 1.0950 level as the RSI and Momentum still indicate further bearish movement. However after yesterday's sharp dip this pair now seems to be leveling out and it may consolidate today before resuming its downward movement...
All The Best
Forex.DelijaWorld.com
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