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AUD Retail Sales
Up to 70 pips on NFP last Friday / Trading Opportunity Tonight
US NFP PROVIDES TRADERS WITH UP TO 70 PIPS OF PROFIT
On our last trade call I sent out we were watching the US Non
Farm Payrolls report last Friday. We were looking to buy the
GBP/USD if we report came out at least 50k worse than
expected. This release came out with a -52k deviation, so it
met our safe trigger and we entered the trade. We had several
traders report profits up to 35 pips on the GBP/USD, and we had
traders trade other currencies as well. We even had a couple
of traders that made over 70 pips on the USD/JPY. To see a
video of Friday’s trade, click on the link below:
http://www.tradingliveonthenews.com/vid/USNFP010408/
TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Retail
Sales report is released at 7:30 pm EST. Your focus should be
on the AUD Retail Sales (MoM) figure, which will be Row 1 of
the RSS and is expected to be 0.5%. We have placed a safe
trigger of 0.4% for this release. We have seen a deviation of
at least 0.4% in four out of the last six months, and we have
seen moves of 17-40 pips each time. We will not have the Live
Trade Room open, but I wanted to make you aware of this
potential trade opportunity.
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