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Showing results for tags 'usd/jpy'.
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I have had success with US major indices and equities along with currency pairs that features the USD. So I thought why don't I share them here with you. You guys probably remember from my other thread Tech Picks from the Valley Trader. I also have plenty of strategies that I am willing to share. I really love the Floor Trader Strategy for Futures Trading Anyway, getting back to the subject of this thread. The sources I use are Forex Factory, DailyFX, Bloomberg/Reuters. I am not going to waste anytime here and will go ahead and share my first tip for you. It is the US Advance Gross Domestic Product that will be announced as you start your day Wednesday. Then there is also the US FOMC Statement and the Federal Funds Rate. The GDP is an important gauge of economic health as you guys already know. Watch out for the Advance GDP released Wednesday as it has the highest impact on the markets. This is because it is the first of the three versions (Advance, Preliminary and Final). Look for a figure higher than 2.2% and then buy a Call on the Dow and one on the S&P 500. As for the FOMC Statement and Federal Funds Rate, they create a lot of two-way movement and I will wait until a clear direction can be perceived after the market settles down.