For Initial Jobless Claims at 8:30, buy USD/JPY if it comes out 327K or lower,
and sell USD/JPY if it comes out 367K or higher looking for 35 pips or more on
the USD/JPY. As far as US and Canada Trade Balance is concerned, I think we're
better off leaving those alone. Also, there'sNZ Retail Sales at 16:45 expected
in at +0.1%. I plan to cautiously trade this one with a 0.6 trigger looking to
buy NZD/USD if it comes out at 0.7%or higher, and sell it if it comes out at
-0.5% or more negative.
Just be wary about the release time just minutes before the NY close/rollover
order flows that could potentially mute or hurt the price action.
Forex Fundamental Analysis - 14 February 2008
