NEWS TRADING.. FOR FOREX.

We've got tons of untradable news today, although they do have thepotential of moving the market, but without a decent track record to
predict market reaction, it is best to stay out of the market
during the release times.

1. Tuesday November 24, 2009 (8:30am NY Time) US

Prelim GDP q/q Forecast 2.9% Previous 3.5%

We are looking for a 0.3% deviation on the expected 2.9%. Therefore
if we get a 3.2% on the Prelim 3rd quarter GDP, it would be
somewhat US Dollar positive and we will BUY USD/JPY. However, if
we get a 2.6% release or worse, then we would be SELLING USD/JPY or
USD/CHF.

Since this is the 2nd release, we do not expect much reaction and/or
deviation... most of the time market has already priced in the move
way before the release time.

FOREX TIPS....

8:30am US Prelim GDP q/q      2.9%(E)     3.5%(P)     0.3%(S)    50M
...and some untradable news releases
4:00am EU German Ifo Business Climate
4:45am UK Inflation Report Hearings
10:00am US CB Consumer Confidence
10:30am UK BOE Gov. King Speaks
2:00pm US FOMC Meeting Minutes
E = Expected
P = Previous
S = Surprise Factor
M = Expected Movement in Pips if surprise factor is reached

In the meantime, I would recommend that you try our trade room for
one session for Free. Our flahship proprietary Fibonacci GRID will
help you take advantage of the market in any condition, with or
without news!