Friday, February 08th, 2008 (1:45 a.m. New York Time) SWITZERLAND
We at 1:45 a.m will have Swiss CPI coming out. It is expected to come out at -0.5%. I would trade y/y number which is expected to come out at 2.2%. I would trade it with 0.3 trigger so if it comes out at 2.5% or higher, I would sell USD/CHF, looking for 25 to 30 pips of a price action. If it comes out at 1.9% or lower, you may consider buying USD/CHF, looking for 25 to 30 pips of a price action. This one moves very SLOW so you can set up your SL 5 pips below prerelease and wait patiently for 25 to 30 pips of a price action.
Friday, February 08th, 2008 (7:00 a.m. New York Time) CANADA
At 7 a.m. we will have Employment Change out of Canada. It is expected to come out at 10K. We had 4 months in a row with big triggers, and 3 out of 4 moved the market by 100 pips so it is a big trading opportunity. I would trade 15 K trigger on this. If it comes out at 25K or higher, you may want to sell USD/CAD, looking for 30 to 40 pips of a price action. If it comes out at -5K or lower, then you want to buy USD/CAD, looking for 30 to 40 pips of a price action. If it hits wider trigger like 30K deviation, the price move may double or even triple.
