Forex Profit Alert: December 15, 2008

The USD/JPY gapped up at the open of the new session. This triggered a gap trade in this pair. The first leg of this trade was exited at a profit, while the second trade was stopped out at breakeven.  

The USD/JPY has a new pending long pivot trade that was created at the close of Friday’s session. The EUR/USD has a pending pivot short trade. The GBP/USD has a pending long and short pivot trade. There is a pending long pivot trade in the USD/CHF.

There are two possible movers trades fro tomorrow. The USD is releasing their CPI for November at 8:30 am ET. The consensus is that the CPI has dropped from -1.0% to
-1.3% and year to date the CPI has dropped from 3.7% to 1.5%. The USD also has their FOMC announcement being released at 2:15 pm ET. The consensus is that the rate will be lowered from 1.00% to 0.50%.

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