1. Monday, June 09th, 2008 (4:30 a.m. New York Time) UK (weak)

At 4:30 a.m. we will have UK PPI coming out. There are 6 numbers coming out, and it is hard to say which one is the most important one (watch the video for detailed analysis). If the PPI Input m/m comes out 3% or higher, AND the other numbers are deviating higher as well, then I would buy on GBP/USD and look for about 40 pips. If the PPI Input comes out at 2.2% or lower, AND all the other numbers are lower as well, then I would sell GBP/USD and look for about 40 pips as well.

2. Monday, June 09th, 2008 (10:00 a.m. New York Time) USA (weak)

At 10:00 a.m. we will have U.S. Pending Home Sales coming out. I will only trade it if there is a big surprise. If it comes out at 5% or higher, I would buy USD/JPY. If it comes out at -5.0%, then I would sell USD/JPY. In either case, I would expect 25 pips move.

Not much going on today.

Thank you and good luck with your trades.

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