Thursday, December 15, 2005

Forex Trading - 12/15/05

8:00 am - Analysis

Good morning!! Does anybody else have Xtick and still have problems? Arrrggghhh...anyways, what can you do? It's a good thing there's so many free charting software that we're not totally out of the game. I'm sure we'll get the whole Xtick issue resolved soon. Well, the potential market mover of the day is CPI which comes out at 8:30 am EST. The Consumer Price Index(CPI) is a measure of inflation experienced by consumers, and it is one of the monthly market movers. Consenses is inline with previous at 0.2%. If there is a surprise, be ready for a move. We recommend waiting until 30 min to an hour after news reports to trade to avoid whipsaws. The high of the EU session is about 1.2038 and the low at 1.1976. Look for breakouts at these approximate levels. Remember to always stay focused! Good luck and good trading! ~ PipCrawler

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