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Thursday, March 11, 2010

HOT Forex Signal (Wed, March 10, 19:30 EST) Australian Employment - Today, 12:16 AM

Hi there

This is Crazy Cat with a potentially profitable trading opportunity...

Wednesday, March 10th (19:30 New York Time) Australia

We have Australian Employment Report coming out. It is expected to read 15.0. Last month it read 52.7.

I recommend trading AUD/USD for this report.

Please read what this indicator means and how it affects the AUD/USD by going to this link: Australian Employment Change m/m

The trigger for this indicator is 15.1 This means that if Australian Employment comes out at 30.1 or more, AUD/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at -0.1 or more negative, AUD/USD will probably go down by 40 pips or more in the first 45 minutes of the report.

We will also have Australian Unemployment Report coming out, if it conflicts with the Employment Report, I recommend staying out, but they almost never conflict.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

To read the after-spike retracement strategy for this report click here: Australian Employment Change m/m (after-spike retracement strategy)

For example: on February 10th, Australian Employment came out at 52.7, versus an expectation of 15.0. AUD/USD went up by 95 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts