30 November 2007 - 0:06Trade of the day 11/30/07

Since Thursday is over I will just give a suggestion for Friday.  People will be most likely exiting dollar longs placed yesterday and reentering dollar shorts after this batch of economic data is released and reminds everyone of the reasons the dollar is weak.  My suggestion is to buy the Loony once again.  It will probably rally prior to the number being released at 8:30 so try to cash in beforehand.  Only the stout hearted should stay in during the news but I do expect the news to be dollar negative.  Sometimes the smart money has moved the market before the news and sells the fact to suckers.  Be wary of this.  Also you can expect strength for the Euro and Swiss Franc earlier in the morning.