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Past two days are soooooooooo slow. Everyone is waiting for BoJ… - Four Dragons Forex Club [entries|archive|friends|userinfo]
Four Dragons Forex Club

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[Feb. 20th, 2007|02:49 pm]
Four Dragons Forex Club

four_dragons

[imprenditore]
Past two days are soooooooooo slow. Everyone is waiting for BoJ Target Rate report. Which is today at midnight (0:00). Consensus says it is going to stay at 0.25% but majority of traders believe BoJ is going to increase rates. Personally I do not believe they are. Expect lots of action tonight. Doesn't matter what kind of decision is going to be. So, wake up dragons, make some money tonight.
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[User Picture]From: imprenditore
2007-02-20 09:10 pm (UTC)
Also we have "Wage Price Index" from Australia @ 19:30 EST. Right now everyone is looking for a clue: will AU cut rates or not.

If the number bellow consensus: short AUD/USD
number above consensus: short EUR/AUD or long AUD/USD

Do not trade this report with AUD/JPY pair because we have BoJ report later tonight.
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