ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(05 Feb US) Latest Impact: Banks Rate: As Expected!?
Today BOE & ECB announced their rate: BOE cut 50bp and ECB kept rate untouched.
Isn’t funny however when the market calls the rate: As Expected? They did not expect BOE to ground near 1% few months ago, did they? When ForexSurvivor announced banking rates would approach Zero level in summer 2008 through its newsletters, we were bunched by emails like ‘what are we talking about, and why do we spell rumors.’
Thank you commentators, currently you are well aware that the rate is ‘As Expected’ and you know now that ForexSurvivor Analysis hits on the ‘SOS’ wire, so you can handle the fact as a simple ‘wake-up’ call. That should be a call ‘as expected.’
The next major event is NFP and whether it is bad figure or as expected, euro towards 11800/11600 before 14000 is the scenario. If that holds true, then we expect parity to be seen once 140 band is back-staged (Call it the wave of the year: Now – 11600 – 14000 – parity).
Weekly Signal Résumé
Long GBPSGD @ 21890; TP 55pips: Feb 05 Mission Accomplished.
(Position working of 30 Jan: Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.)… (Feb 03: Move stop to 12400); Feb 05: Move stop to Entry Level.
GBPJPY closed breakeve (although 220pips have been made) as the rally did not last
15pips GBPUSD Mission Accomplished; Reminder: Short 15000 (Revise ForexSurvivor Weekly Weekend Newsletter 09 Jan 2009).
2 Positions GBPAUD closed this week (05-09 Jan) with 15pips each. No open position left.
Risk Certification
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.
