FUNDAMENTAL NEWS

Thursday, May 15th, 2008 (8:30 a.m. New York Time) USA
At 8:30 a.m. we will have U.S. Initial Jobless Claims together with Empire Manufacturing Survey. Both of them are significant enough to move the market.
Triggers are valid assuming there is no conflict between them. Ideally, you want to see them helping each other.
BUY
If the Empire Manufacturing comes out at +11 or higher, it would be a buy signal on USD/JPY, good for 35 pips.
If it comes out at 350 K or lower, it would be a good buy signal on USD/JPY.
SELL
If it comes out at -11 or lower, it would be a sell signal on USD/JPY, worth 35 pips as well. If the Initial Jobless Claims comes out at 390 K or higher, that would be a good sell signal on USD/JPY, good for 35 pips.

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Thursday, May 15th, 2008 (9:15 a.m. New York Time) USA
At 9:15 a.m. we will have U.S. Industrial Production m/m coming out. You can try to use around 0.5 trigger here and make a fast scalp on it.
BUY
If it comes out at 0.2 or higher, that would be a quick buy signal on USD/JPY, looking for 20 pips or so.
SELL
If it comes out at -0.8 or lower, that would be a quick sell signal on USD/JPY, good for 20 pips as well.


Thursday, May 15th, 2008 (10:00 a.m. New York Time) USA
At 10:00 a.m. we will have Philadelphia Fed Index coming out.
SELL
It is expected to come out at -19. If it comes out at -30 or lower, Sell USD/JPY, good for 30 to 40 pips.
BUY
If it comes out at -8 or less negative, Buy USD/JPY and expect 30 to 40 pips price action as well.