Mon, 14 Feb 2011 07:37:07 +0100

Forex Trade 14 Feb, Bank Of Japan Rate Decision

Hello,
today we will have...

• 0:30 AUD: Home Loans
  
• 0:30 AUD: Investment Lending
  
• 0:30 AUD: Value of Loans
  
• 2:00 CNY: Exports
  
• 2:00 CNY: Imports
  
• 2:00 CNY: Trade Balance
  A country's trade balance reflects the difference between exports and imports of goods and services. The trade balance is one of the biggest components of the Balance of Payment, giving valuable insight into pressures on country's currency.
• 10:00 EUR: Euro-Zone Industrial Production w.d.a.
  Measures the volume change of output of the manufacturing and energy sector. The industrial sector contributes to only a quarter of the Euro-zone GDP. However, most variations in GDP come from the industrial sector, whereas other sectors that contribute far more to national output historically have been very consistent regardless of economic cycles. That is why tracking industrial production is very important for forecasting GDP changes.
• 10:00 EUR: -Zone Industrial Production
  
• 10:00 EUR: Euro-Zone Industrial Production s.a.
  Measures the volume change of output of the manufacturing and energy sector. The industrial sector contributes to only a quarter of the Euro-zone GDP. However, most variations in GDP come from the industrial sector, whereas other sectors that contribute far more to national output historically have been very consistent regardless of economic cycles. That is why tracking industrial production is very important for forecasting GDP changes.
• 23:00 USD: MBA Mortgage Foreclosures
  
• 23:00 USD: Mortgage Delinquencies
  
• 23:00 JPY: Bank of Japan Rate Decision

My trades:

USD/CAD - US Dollar / Canadian Dollar
Entry: 0.9855
Stop: 0.9875
Resistances: 0.9945 - 0.9905 - 0.9875
Supports: 0.98 - 0.983 - 0.985

EUR/CAD - Euro / Canadian Dollar
Entry: 1.335
Stop: 1.3395
Resistances: 1.358 - 1.3495 - 1.3385
Supports: 1.32 - 1.326 - 1.3315

EUR/USD - Euro / US Dollar
Resistances: 1.365 - 1.362 - 1.3555
Supports: 1.325 - 1.3435 - 1.35

USD/JPY - US Dollar / Yen
Resistances: 84.4 - 83.6 - 83.25
Supports: 82.25 - 82.75 - 83

GBP/USD - British Pound / US Dollar
Resistances: 1.614 - 1.6115 - 1.6075
Supports: 1.59 - 1.596 - 1.6035

Forex trade 14 Feb, Bank of Japan Rate Decision