Tuesday, December 04th, 2007 (5:30 p.m. New York Time) AUSTRALIA
At 5:30 p.m. we will have Interest Statement coming out of Australia. It is expected they are going to keep the rate unchanged, and most likely there will be no comments so most likely nothing is going to happen here. If there are some comments towards rate hikes, AUD/USD may possibly gain 50 pips or more in the first hour of the report. If there are comments towards future rate curs, AUD/USD may possibly lose 50 pips or more in the first hour of the report. As I said, most likely nothing will happen.
Tuesday, December 04th, 2007 (7:30 p.m. New York Time) AUSTRALIA
Then at 7:30 p.m. we will have Australian GDP. It is expected to read 1%. If it reads at 1.3% or higher, AUD/USD may possibly go up by 40 pips or more in the first hour of the report. On the other hand, if the reading is 0.7% or less, I think AUD/USD may possibly go down by 40 pips or more in the first hour of the report.
SUMMARY:
* Report: Australian GDP
* Buy on AUD/USD if the number will be 1.3% or higher
* Sell on AUD/USD if the number will be 0.7% or lower
* If the trigger is hit, expect 40 pips or more in the first hour of the report.
At 5:30 p.m. we will have Interest Statement coming out of Australia. It is expected they are going to keep the rate unchanged, and most likely there will be no comments so most likely nothing is going to happen here. If there are some comments towards rate hikes, AUD/USD may possibly gain 50 pips or more in the first hour of the report. If there are comments towards future rate curs, AUD/USD may possibly lose 50 pips or more in the first hour of the report. As I said, most likely nothing will happen.
Tuesday, December 04th, 2007 (7:30 p.m. New York Time) AUSTRALIA
Then at 7:30 p.m. we will have Australian GDP. It is expected to read 1%. If it reads at 1.3% or higher, AUD/USD may possibly go up by 40 pips or more in the first hour of the report. On the other hand, if the reading is 0.7% or less, I think AUD/USD may possibly go down by 40 pips or more in the first hour of the report.
SUMMARY:
* Report: Australian GDP
* Buy on AUD/USD if the number will be 1.3% or higher
* Sell on AUD/USD if the number will be 0.7% or lower
* If the trigger is hit, expect 40 pips or more in the first hour of the report.
