Alert - Pounds Trader..

1730 Singapore time. London release of PPI (Producer Price Index)..

Pounds gaining strength and just cut above my SMA100.. let have a good ride and hope it hit my Tp of 15500.

Regards
PipsFarmer.

16th - 20th Jan - Key economic reports released

16th, We have aussie home new loans.
17th - TAKE NOTE : China quaterly GDP for 2011.
If we have a good china data, expect aud/usd to close above 1.350 on the daily chart..

For full details - http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2012-1-16&c=2 , change date on the calender seen on the left column.

Regards
PipsFarmer.

Pound trader take note!

Europe has problems paying bondholders, news out that Greece has asked private investor to accept 60% instead of 50% as they agreed earlier.

We could divert our attention on £ .
http://www.dailymail.co.uk/news/article-2084980/Now-investors-pay-lend-money-safe-haven-Britain.html

Plus this is an olympic year in London.

Technical analysis : £ break out cloud ichimoku hourly.. a good sign to long as Adx remains above 25 (gaining strength for a forward momentum , i hope)

Trade call : long GBP/USD@ 15460 . Stop loss : 15360 (100 pips) . Take Profit 15560.(100pips)

USD/CAD in 1st week of 2011

Well Canadian dollar traders, We have a good USD/CAD uptrend it break above 1.0278 for the 1st week of 2012 , hope the momentum stay.. and hit the 1.0800 level.

Regards
PipsFarmer.