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Archive for April, 2008
Trade Opportunity Tonight / Live Trade Call for April 23, 2008
TRADE CALL RECAP
For our last live trade call, we were looking at the Canadian
CPI last Thursday, and we were looking to enter a long on the
EUR/CAD if the deviation met our safe trigger of -0.2%. The
actual number came out with -0.1% deviation, so it did not meet
our safe trigger and we didn’t enter this trade. (…)
Bank Flow Weekly Recap
We had another extremely profitable week of Bank Flow trading this past week.
Several of the trades had multiple targets and we utilize a
scaling out process. (…)
Live Trade Call for April 17, 2008
TRADE CALL RECAP
Our last live trade call was for the US CPI report which was
released this morning. We were looking to long the GBP/USD if
the number came out at least 0.1% worse than expected. The
actual number came out with no deviation, so it did not meet
our safe trigger and we did not enter the trade. To see a
video of the trade, click on the link below:
http://www.tradingliveonthenews.com/vid/USCPI041608/
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the Canadian
CPI is released at 7:00 am EDT. There are several components
to this release, and we will be focusing on the CAD CPI
Excluding Core 8 (YoY) figure. The expectation for this report
is 1.4%. We will be looking for a deviation of 0.2% to trigger
a safe trade. A lower than expected number will trigger a buy
on the USD/CAD or EUR/CAD. (…)
Live Trade Call for April 16, 2008
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US CPI
report will be released at 8:30 am EDT. We will be focusing on
the US CPI Excluding Food & Energy figure. The expectation for
this report is 0.2%. We will be looking for a deviation of
0.1% on this report to trigger a safe trade. (…)
Weekly outlook for Majors
This week we have a full report schedule. We have both PPI and CPI coming out mid week and we are in the midst of earnings season. We expect to see more pressure on the Dollar as it continues to try and put a base in. We continue to expect the Dollar to bottom here against almost all other currencies the only real exception would be the Euro. (…)
Weekly outlook for Commodities
Commodities continue to chop around trying to hang on to these high prices. We continue to expect them to move a bit lower in the near term as they consolidate the recent gains. Overall we are very cautious at this time as we have lots of volatility and little directional bias in the short term. Â
Crude:Â
Crude oil did break out to new highs last week but since doing so it is lacked momentum to follow through in any real way. We are now buying puts on rallies and even selling short above 110 with stops above 111.89 basis June. We are targeting a move back to at least 100 in the near term and frankly a deeper correction could come if 100 does not hold support. We do not see crude being able to hold onto these prices in the near term as we lack any major catalyst that could propel us higher. (…)
Trade Opportunity Tonight / Live Trade Call for April 15, 2008
TRADE CALL RECAP
Our last live trade call was for the US Retail Sales report
this morning. We were looking to long the GBP/USD if the
number came out at least 0.3% worse than expected. The actual
number came out with no deviation, so it did not meet our safe
trigger. To see a video of the trade, click on the link below:
http://www.tradingliveonthenews.com/vid/USRetailSales041408/
TRADING OPPORTUNITY LATER TODAY
There will be an opportunity to trade later today when the NZD
CPI report is released at 6:45 pm EDT. The expectation for
this report is 0.8%. We have placed a safe trigger of 0.2% for
this release. This report has met our safe the last three
quarters and the NZD/USD has moved between 30 and 45 pips each
time. We will not have the Live Trade Room open, but I wanted
to make you aware of this potential trade opportunity. (…)
Trade Opportunity Tonight / Trade Call for April 14 / Bank Flow Weekly Recap
TRADE CALL RECAP
Our last live trades were on Thursday when we were watching the
Canadian and US Trade Balance reports. I cautioned about
trading the US Trade Balance as the Weekly Jobless Claims was
coming out at the same time. Both Trade Balance reports met
our safe triggers and we had several traders get in on each. (…)
Trade Opportunity Tonight / Live Trade Calls for April 10, 2008
TRADE CALL RECAP
This morning we were watching the UK Industrial Production
report, and looking for a safe trigger of 0.5% to enter a long
on the GBP/USD. The actual number came out with a deviation of
0.2%, so we did not enter this trade. To see the video from
this trade, click on the link below:
http://www.tradingliveonthenews.com/vid/UKIndProd040908/
TRADE OPPORTUNITY TONIGHT
There will be an opportunity to trade tonight when the
Australian Labor Force Employment report is released at 9:30 pm
EDT. The expectation for this report is 10k jobs. We have
placed a safe trigger of 20k for this release. When this
report has met our safe trigger in the past, the AUDUSD has
moved between 25 and 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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