Wednesday, December 05th, 2007 (4:30 a.m. New York Time) UK

At 4:30 a.m: UK Services PMI. I think this indicator is worth watching and possibly trading. It is expected to come out at 52.7. If it reads at 55 or higher, I think GBP/USD may possibly gain 40 pips or more in the first hour of the report. On the other hand, if this indicator reads at 50.5 or below, I think GBP/USD may possibly go down by 40 pips or more in the first hour of the report. Report: UK Services PMI* Buy on GBP/USD if the number will be 55.0 or higher* Sell on GBP/USD if the number will be 50.5 or lower* If the trigger is hit, expect 40 pips or more in the first hour of the report.