SELL@ 1.5902

STOP@  1.6061

TARGET@  1.5710

SELL@  1.6470

STOP@  1.6545

TARGET@  1.6320

Stop@  1.6000

Target@  1.6240

Note:  Trade was taken out on protective stop

EUR/CHF

BuyLimit@ 1.2340

Stop@  1.2245

Target@  1.2728

Economists have revised their US GDP forecasts for Q1 downward.  The trade numbers follow an IMF growth warning and an IEA report of a slowdown in oil demand growth. The IMF call for action on the US deficit comes ahead of an Obama speech today, where he is to outline an alternative path towards fiscal sustainability. Momentum towards a cut in fiscal spending is building. All this adds to pressure on the Fed to maintain easy monetary policy; Bullard suggests a likely pause after the end of QE2, with tightening only to begin in the winter. We expect today’s March retail sales data to rise to 0.6% after surging 1% in February, but the rise will likely be a result of rising prices rather than real spending, further highlighting overall weakness in growth.

The softer outlook for US growth and increasing signs of a Fed on hold post-June reduce the incentives to switch to alternative funding currencies such as the CHF and JPY. Thus while risk appetite is likely to rebound, and though the rationale for a weaker JPY remains, that weakness may not be expressed against the equally anaemic USD.

But if US growth is entering a soft patch and rates are going to stay low, where are investors to put their excess cash to work? With few alternatives, they will continue to go to where the growth and tightening is: Asia, Latam & Australia. Inevitably this also leads EUR higher through recycling of intervention USDs.

In this context, two key events in Asia will shape risk appetite over the coming days. First up is tomorrow’s policy decision from Singapore's MAS; on balance, markets are anticipating further tightening, which, if delivered, is likely to set off another shift to Asia and a rebound in risk appetite. A surprise on-hold decision from the MAS will have markets questioning whether this marks the beginning of the end of Asian tightening, potentially triggering another risk-off move as appreciation expectations are scaled back. The second event is Friday’s Chinese data, which will shed further light on the prospects for continued growth in the second-largest economy.

So, we did... and were able to take another winner out of the market making a 2% gain on this trade!

This is the beauty of having developed "RULES BASED" trading systems / models.  The advantage is, the systems tells us exactly what to do, and when to do it.

This is why Wave Rider has 6 out of 7 winners thus far in March!
If you have not become a subscriber to Wave Rider FX... what are you waiting for?  You could be enjoying results like this as well.

However, if you don't subscribe, all you can do is watch and hear about great results, without realized profits... and be frustrated while Wave Rider FX keeps racking up the winners.

So subscribe now, and get your share of profits... you'll be glad you did!

Situation News FX is a powerful fundamental news trading strategy based on, and developed for, the release of major news events that happen all over the world.

Each month, there are several major news events around the world released that can, and usually do have a significant short term impact on currencies world wide.  It is here, that our experience and powerful news trading system identifies, exploits, and extracts great profits from the Foreign Currency market!

These news events happen over and over every month like clock work... and so does our proprietary news trading system, which takes advantage of these events.  And now, especially with the events that have been transpiring in the world recently, only exaggerates the power of this already strong trading system!

You see, we have been trading these news events for a long time.  The profits we extract from the Foreign Currency market using our proprietary news trading system is quick and powerful.  We get the money and get out quick, for big gains.

If you like to make quick profits (who doesn't), then this could be the trade signal you have been looking for.

However, you have to subscribe to capture these gains.  Join now with the many other subscribers in Situation News FX.  You'll be glad you did.

Very early this morning the Top Trend Trade System triggered two trades that took less than 2 hours
to deliver us just over 3% in gains!

The trades were in the CHF/JPY and AUD/CHF.

Can you say having Fun... no need to answer that.  Of Course you are, if you are a subscriber.

Subscriber's to the Top Trend FX Trade System are enjoying some great profits, and this month is no exception.

If your looking for consistency, and great profits, then Top Trend FX Trade System is for you.

Just Closed the GBP/CHF Trade for just under 1% gain.

That was fast guys... took all of 33 minutes!

That is approx 2% on closed trades today alone... and the day is not over yet!

Again, if you have been considering coming on board with The FX Winner,

you have to get in the game to reap the reward.

Get off the sidelines and come join us... do it now.  You'll be glad you did.

We elected to close the current AUD/CAD trade this morning at a little over 1 percent gain, even though a major news event for the CAD came out in our favor.   Technical analysis is a science, but trading is an art.

That said, we felt like the possibility to have a sling slot condition where the "news" candle would retrace was highly probable... as it is in most news moves, and we could lose the nice gain we were in.

So, we took the money and ran!

If the trade does retrace back to, or close to our original entry, we may decide to jump back in.  Keep and eye out for this trade to come alive again!

We will be looking for more set ups and good trading opportunities.

Happy Trading!

Kevin