FxST Daily News Trading Strategy
Preparation is essential to finding success in Forex!
Below Chief Master Trader projects his expectations for tomorrows news events. See what the 14 year veteran will be watching closely and expecting during tomorrows Trading Sessions. Members will also have access to our analytical teams surprise factor used to give us another edge during major economic news events.
Part 1: [HTML1]
- London Session: For the London Session, there are not news scheduled for Monday, therefore we can’t really make a forecast for the UK Session. We would need to wait until Monday.
- New York Session: For the New York Session, We have New Home Sales numbers to be released.The expected number is 317K, while the previous month was 300K, so we are looking for an unexpected 70K + or – so the market would respond either positively or negatively towards the dollar. What we look for on the weak side, if the home sales come up at the 247K then the dollar would weaken. If it is 70K above so 387K for New Home Sales, then it would probably give USD a boost, then we would probably trade a USD/JPY as the dollar strengthen.After logging in, members can find more videos explaining all of our trade Strategies an the 7-Day Scalpers Action Guide.
Forex Economic Report Cheat Sheet
Daily Forex Trading Strategy:
TIME (EST) Currency News Forecast Past Unexpected
(1) 10:00 am USD New Home Sales 317K 300K 70K
* Weak Dollar at 247K, whlie strong USD at 387K
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Filed under: Forex News
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