http://www.yummyapple.com/02-19-2008.html

On Friday we had a few reports but none of them could consistently move the market on its own. Bunch of no trades there. Watch the video for details if you are really curious about it.

On Monday there was nothing worthy watching and possibly trading.

On Tuesday we will have two possible trades.

1. Tuesday, February 19th, 2008 (3:30 a.m. New York Time) SWEDEN
At 3:30 a.m. we will have Swedish CPI. You would need to have USD/SEK or EUR/SEK to trade this; if you don't have such pairs, skip this report. There are 4 numbers coming out: CPI Underline Inflation m/m and y/y, and CPI Headline m/m and y/y. I will focus on Underline Inflation y/y. If it comes out at 2.5% or higher, I would sell EUR/SEK. If it comes out at 2.1% or lower, I would buy EUR/SEK. I would expect at least 300, most likely 400 to 500 pips on a tradable deviation. Keep in mind that such pairs make a lot of pips but there is very little money per pip.

2. Tuesday, February 19th, 2008 (7:00 a.m. New York Time) CANADA
At 7:00 a.m. we will have CAD Core CPI m/m. It is expected to come out at 0.1%. If it comes out at 0.3% or higher, I would sell USD/CAD and I would expect 30 to 40 pips on initial spike, and 50 to 55 pips total in the first hour of the report. If it comes out -0.1%, I would buy USD/CAD and look for same targets. Avoid conflicts on headline m/m and core m/m as when it conflicts, it may move a little and then change the direction completely.

That's all for tomorrow. As always, you can watch more detailed signal by clicking on the video link.

Thank you and good luck with your trades.