Forex Fundamental Analysis - 14 Desember 2007


Fundamental Analysis



Friday, December 14th, 2007 (8:30 a.m. New York Time) USA
We will have only one tradable indicator, and that is Core CPI coming out of the U.S. It is expected to come out at 0.2%. I think this is worthy to trade with any deviation. If it comes out at 0.1% or lower, that would be dollar weakening so buy signal on GBP/USD, and we can expect 35 to 50 pips move or more in the first hour of the report. On the other hand, if it comes out at 0.3% or higher, we can expect a sell signal on GBP/USD, good for 35 to 50 pips or more in the first hour of the report. The CPI is less in focus than it used to be so we may get a choppy price action but still quite important.

SUMMARY:
* Report: US Core CPI
* Buy on GBP/USD if the number will be 0.1% or lower
* Sell on GBP/USD if the number will be 0.3% or higher

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