|
Submit Tools | Thread Tools | Search this Thread | Display Modes |
#1
|
|||
|
|||
Forexpros.com Daily Analysis - 19/01/2010
ForexPros Daily Analysis January 19, 2010
Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders Expert: Sam Seiden When: Thursday, Jan 21, 2010, 11:00 EST During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities. This webinar is the second of a three part series brought to you by Online Trading Academy and ForexPros. to join free. --- Fundamental Analysis: Core CPI (MoM) Traders look forward to the publication of the Canadian Core Consumer Price Index (CPI) which will be released tomorrow (January 20). The CPI measures the changes in the price of goods and services excluding food and energy. Also, it measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation in Canada. A higher than expected reading should be taken as positive/bullish for the CAD (as the common way to fight inflation is raising rates, which may attract foreign investment), while a lower than expected reading should be taken as negative/bearish for the CAD. Analysts predict a reading of 0.20% versus a past reading of 0.40%. --- [color=black]We will put all our focus for today on 1.4303, where there is the rising trend line from December 22nd bottom. Staying above it or breaking it will determine the direction for today. If broken, what we called a minor probability in last week |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | Search this Thread |
Display Modes | |
|
|