Baruch's Forex System Journal

There are two CPI numbers - with and without foods and energy. The last one is called core CPI.

 

have to leave now, see you later!

 

But first - 9.00 GMT - we will have Euro-zone GDP. Consensus according to Forexnews 0.4% (also heard 0.5%).

 

A little better than expected - 0.6% - but not much action.

 

Jimmy Young has made som good eco news calls before.

Here is his strategy for CPI today:

If:

+ 0.5/ +0.4 Buy USD.
+ 0.1/ 0.0 Sell USD

Profit expectations: 50 pips.

More:

www.eurusdtrader.com

 

Market seems to wating for CPI - although we might still drop before that - EURO is determined to hang on with GBP leading the way down....

Unless the market is getting ready for a bounce - I just wish is would make up it mind and get it over with.

 

Baruch

i have grown rather fond of your journal.
would you mind if i posted some of my observations regarding the FX markets?

i figured that rather than starting a journal on the subject it is better to find a good journal and join it.

 

Hi Angel,

You are welcome. I am looking forward to read your observations.

 

John Hary from Saxo Banks thinks CPI today COULD be a "launching pad" for at "dramastic turnaround" in dollar.

Yes, who knows? Inflation is not the same as growth.

 

Sorry: John Hardy