Forex Trading Signal:Dec 28- January 2

• TUESDAY
  
  CURRENCY: USD
  At 4p.m the Conference Board Consumer Confidence will be released with a Forecast of 45.2,Going by the previous release Actual of 44.9 on November 25,An improve in the Actual for this month is being hoped for.
  


• Action Bias:

1. Sell EUR/USD GBP/USD if the actual is 45.2 or a more higher value for 30 pips
2. Buy EUR/USD AND GBP/USD if the actual is 44.6 or a more lower value for 30 pips

• WEDNESDAY

CURRENCY:USD
At 2:30p.m Nigerian time The U.S department of Labor should be releasing the Number of those filing for Unemployment insurance for the first time ,the report hasn't been favourable this month going by the previous release,However,bookmakers have predicted a more improved figure of 575K as against last report's of 586K on Dec 24.

• Action Bias:

1. Sell USD on any pair if the actual is 597K or Higher for 50 pips

2. Buy USD on any pair if the actual is 575K or Lower for 50pips

• FRIDAY

CURRENCY:GBP
At 10:30a.m Manufacturing PMI(Purchasing Managers' Index) will be released.It is expected to come lower at 33.5.

• ACTION BIAS:

1. Buy GBP/USD if the Actual is 37.5 or a more higher value for 50pips
2. Sell GBP/USD if the actual is 31.5 or a more lower Value

Note:I will advice you to trade this on Straddling and enter the market 10minutes before news release as The Halifax HPI m/m will be coming out almost at the same time.

• CURRENCY:USD
  At 4.00pm ISM Manufacturing PMI will also be out,it is predicted to come out lower at 35.5 as against last release of 36.2.
  


• Action Bias:
  1. Sell GBP/USD or EUR/USD for 50 pips if the Actual is 38.2 or a more higher value
  2. Buy GBP/USD OR EUR/USD for 50pips if the actual is 34.2 or a more lower value
  

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