NEWS TRADING Monday November 30, 2009 [8:30am NY Time] CA GDP m/m         BUY 0.1%     SELL 0.7%       USD/CAD Today we'll be trading the Canadian GDP month on month release, which is defined (from wikipedia) as "the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time."  As GDP is basically the measurement of the "economy" as a whole and it certainly has a strong impact on the cash rate of the CAD, it'll be a highly anticipated news event. We are looking for a +0.7%  (or better) or a 0.1% (or worse) of actual release figure based on the expected 0.4%.  If we do get a 0.7% on the monthly GDP, it would be Canadian Dollar positive and we should look for entries to SELL USD/CAD; if we get a 0.1% release, then we should consider BUYING USD/CAD. Canadian Dollar has been rangebound lately, largely due to the uncertainty of US Dollar's direction.  However, with USD on a clear bearish trend, we could expect to see USD/CAD move downward substantially if the release turns out to be CAD positive. [10:30pm NY Time] RBA Rate Decision       BUY 4.00%      SELL 3.50%     AUD/USD Reserve Bank of Australia  (RBA) is going to hike its official cash rate once again to 3.75% as it is widely expected by the majority economists surveyed by both Bloomberg and Reuters.  However, this is going to be the first time RBA has hiked rates 3 times consecutively in a row.  Therefore, there is some expectation that RBA may not hike rate this time, but may resume its rate tightening cycle in 2010. RBA will also release a statement along with the rate decision.  We should expect RBA to announce further rate hikes in the future as Australia's economy is facing inflationary pressures as it is already out of recession.  I'll be looking at this release and possible look for areas to sell AUD/USD from the top since AUD might react to a classic SELL on NEWS type of market sentiment. (Special Message on Fundamental News Trading) My Mentoring Service has been officially closed.  I'd like to take this time and say "Thanks" for your support and tolerance doing the past 10 days of the launch.  From this moment on I'm going to get back to the basics and dedicate my time in doing what I do best, trade and teach my subscribers on to become successful traders! And of course, this newsletter service and video recording will continue and I'll posting my videos and trades on my blog, therefore don't forget to visit my website and my blog when you have a chance, and make sure to bookmark them.