http://www.yummyapple.com/02-28-2008.html

Let's now first review what happened on Wednesday.

Unfortunately, the UK GDP came out exactly as expected so there was no opportunity to place any trade.

U.S. Durable Goods came out low but not low enough to enter the trade. Another no trade here.

U.S. Home Sales came out close to expectations so it also did not give us any opportunity to trade. It was a slow day.

Let's now talk about tomorrow.

1. Thursday, February 28th, 2008 (3:15 a.m. New York Time) SWITZERLAND
At 3:15 a.m. we had Swiss Employment m/m. It is expected to come out at 2.5%. I would trade 0.4 deviation. If it comes out at 2.9% or higher, I would sell USD/CHF. If it comes out at 2.1% or lower, I would buy USD/CHF or GBP/CHF. On USD/CHF I would expect about 25 pips price action.

2. Thursday, February 28th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have U.S. GDP annualized. It is expected to come out at 0.8%. Tomorrow is a second revision number. 0.4 trigger should be sufficient on this one. If it comes out at 1.2% or higher, I would buy USD/JPY. If it comes out at 0.4% or lower, I would sell USD/JPY, looking for 40 pips of a price action. Remember, the way how it is calculated the annualized form is they take actual quarterly number and then multiply by 4; that's why we have wider trigger here as opposed to the UK we saw earlier today.

3. Thursday, February 28th, 2008 (6:30 p.m. New York Time) JAPAN
At 6:30 p.m. we will have Tokyo CPI X Fresh Food y/y. It is expected to come out at 0.5%, largely due to oil. I will be trading 0.2 deviation on this. If it comes out at 0.7%, I will be a big sell signal on USD/JPY, looking for 35 to 50 pips of a price action. If it comes out low at 0.3% or lower, I would go long on EUR/JPY because the USD may stay weak all week, and if it is the case for tomorrow, I think long EUR/JPY is more safe and fruitful. I would expect 40 to 50 pips move if the low trigger is hit.

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.

To Our Success!
-Sir Pipsalot