Forex Profit Alert: December 2, 2008

There are no gap trades on at this time.  

The USD/JPY has a new pending long pivot trade.  If this pair closes above yesterday’s low over the next four sessions we will have a new pivot low. The EUR/USD has a new pending long pivot trade and a pivot short trade. The GBP/USD has a new pending long pivot trade and a pending short pivot trade. There is a pending long and short pivot trade in the USD/CHF. 

There are no movers trades for tomorrow. The Reserve Bank of New Zealand has their rate decision being released tomorrow at 3:00 pm ET. The consensus is that the rate will be dropped from 6.50% to 5.00%.

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