High Risk Investment Warning: Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. The content of this Website must not be construed as personal advice.

Sunday, Jan 18, 2009

3:00PM Philippine time

This week is about the hope of change as President Elect Obama gets inaugurated on Tuesday. The whole world will be watching every word he says in his speech. It is never good to mix politics with financial concerns however because of the ongoing Financial Crisis, the world including the financial sector in all countries is looking at the new US Leader to see where the world goes from here.

I still maintain the reversal in USD strength from now until March or even June 2009.

(I gave my reasons 2 weeks ago), but more importantly now, interest rate cuts from all countries are easing somewhat with a wait and see attitude. ECB president Trichet himself said that there will be a postponement of any further rate action / decision until March. The UK also said something similar last week. This week, we will see inflation reports in the form of CPI and PPI from UK and Europe to show a slight increase in prices once more which if I’m correct will keep Eurozone and UK interest rates untouched for the short term.

Last week, the NON-USD Majors corrected downwards while the USD recovered a bit. So this week would be a good week to start buying low once more for the EUR, AUD, GBP.

So here’re the pairs that I’m cooking this week:

Monday – Jan 19, 2009

No viable opportunities for Monday.

———————————————————————————————–

Tuesday – Jan 20, 2009

Get ready to Buy GBP/USD

The fundamental reason:

At 5:30PM Philippine Time, UK CPI comes out which is expected to boost the pair higher

Timing Window:

Get ready to buy GBP/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8AM to 12NN (This is GMT+8)

(For non-Philippine residents, please download and use the easy time conversion table found on this link: http://timingyourtrade.com/component/content/article/38-getting-started/58-time-conversion-easy-reference-guide.html)

———————————————————————————————–

Get ready to Buy NZD/USD

The fundamental reason:

At 5:45AM the next day Wednesday Philippine Time, New Zealand Retail Sales come out which I believe will be better than most analysts expect and should give the Kiwi a boost.

Timing Window:

Get ready to buy NZD/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 10PM to 12 MN (This is GMT+8)

(For non-Philippine residents, please download and use the easy time conversion table found on this link: http://timingyourtrade.com/component/content/article/38-getting-started/58-time-conversion-easy-reference-guide.html)

————————————————————————————————

Wednesday – Jan 21, 2009

No viable opportunities for Wed.

————————————————————————————————-

Thursday – Jan 22, 2009

No viable opportunities on Thursday

————————————————————————————————-

Friday – Jan 23, 2009

Get ready to Sell CAD/JPY

The fundamental reason:

At 8PM Philippine Time, Canadian core CPI comes out which is also expected to kick the pair lower

Timing Window:

Get ready to Sell CAD/JPY at these times should a Technical Set up or a Trading signal appear

Philippine Time: 12NN – 4PM (This is GMT+8)

(For non-Philippine residents, please download and use the easy time conversion table found on this link: http://timingyourtrade.com/component/content/article/38-getting-started/58-time-conversion-easy-reference-guide.html)

————————————————————————————————-

Well that’s my forecasts and timing windows for this week, please only follow my advice at your own risk.

Should anything change I will update this post!

Monsterpips to All!

-Mark

Advertisements