Archive for June, 2008
Live Trade Call for July 1, 2008 / Bank Flow Weekly Recap
TRADE CALL RECAP
For our last Live on the News event, we were watching the
Canadian GDP report this morning. We were looking to short the
USD/CAD or EUR/CAD if the report came out at least 0.2% better
than expected. (…)
Weekly Outlook for Forex
General Comments:
This week we have both a large amount of data coming out and a shortened week here in the States due to the 4th of July holiday on Friday. All eyes remain fixed on Crude Oil. The market very much expects Triche to raise rates later this week in an effort to slow inflation. At this point it looks as if they will follow through with that and if they do we expect to see the Euro retest the old highs. Bottom line is simply waiting to see how the rest of the world begins to battle inflation. Bumbling Bernanke and company tried to down play inflation in their statement last week. This is just plain ludicrous and shows what kind of a dream world he lives in. Even a person living in a cave knows that inflation is rampant and only getting worse. I realize it is their job to lie to us, but for the love of god, do they really think that all of us are that stupid? (…)
Weekly Outlook for Commodities
The FOMC did nothing as expected. Really not much they can do but sit by and watch the destruction happen and wonder why. As if they were not the cause. The reason we are in this mess is simple. The devaluation of the Dollar is the culprit. Never in the history of recorded time has devaluing a currency helped the long term prospects of the underlying economy and yet Bumbling Bernanke and company feel that they have the power to rewrite history. Mr. (…)
Live Trade Call for June 30, 2008
TRADE CALL RECAP
For our last live trade call, we were watching the UK GDP
report that was released last Friday. We were going to sell
the GBPUSD if the deviation was -0.1% or worse. The actual
number came out with a -0.1% deviation, so it met our trigger
and we had traders report profits of up to 15-20 pips on this
release, depending on their entries. After a spike to the
downside, the GBPUSD came back up because of some conflicting
data that came out at the same time. To view a video of the
trade, click on the link below:
http://www.tradingliveonthenews.com/vid/ukgdp062708/
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the Canadian
GDP is released at 8:30 am EDT. The expectation for this
release is 0.3%, and we will be looking for a deviation of at
least 0.2% to trigger a safe trade. (…)
Trade Opportunity Tonight / Trade Call for June 27, 2008
TRADE CALL RECAP
For our last live trade call, we were watching the US GDP
report that was released this morning. We were going to trade
if the deviation was 0.4% or higher. The actual number came
out with no deviation, so it did not meet our trigger and we
did not get in a trade on this release. (…)
Trade Opportunity Tonight / Trade Call for June 26, 2008
TRADE CALL RECAP
For our last live trade call, we were watching the US Durable
Goods report this morning. We were going to trade if the
deviation was 2.5% or higher. The actual number came out with
a 0.1% deviation, so it did not meet our trigger and we did not
get in a trade on this release.Â
TRADE OPPORTUNITY TONIGHT
There will be an opportunity to trade tonight when the NZD
Current Account Balance report is released at 6:45 pm EDT. The
expectation for this release is -$1.7 Billion. (…)
Trade Call for June 25, 2008 / Bank Flow Weekly Recap
CANADIAN RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS
Last Friday we were watching the Canadian Retail Sales figures,
and we were looking to short the USD/CAD and EUR/CAD if the
number came out at least 0.4% worse than expected. The actual
number came out with a deviation of -0.5%, so it met our safe
sell trigger and many traders entered this trade. We received
reports of up to 25 pips of profit on the USD/CAD and up to 35
pips on the EUR/CAD, depending on entries. To see the video
from this trade, click on the link below:
http://www.tradingliveonthenews.com/vid/CADRetailSales062008/
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next trade opportunity will be on the US Durable Goods
report that will be released tomorrow at 8:30 am EDT. We will
be focusing on the US Core Durable Goods figure, which is
expected to be -0.9%. We will be looking for a deviation of
2.5% on this report to trigger a safe trade. A higher than
expected number will trigger a buy on the USD/JPY. This report
last met our safe trigger last month, and the market moved
about 40 pips on the USD/JPY.Â
This is our current outlook for this trade; however, it is
subject to change as market conditions may change by tomorrow. (…)
6/24/08 Bank Flow Update
In the past several days we have seen most pairs go into a consolidation mode. (…)
Trade Call for June 20, 2008
TRADE CALL RECAPS
For our last live trade call, we were looking at the UK Retail
Sales and Canadian CPI reports this morning. (…)
Trade Calls for June 19, 2008
TRADE CALL RECAP
For our last live trade call, we were looking at the UK CPI
yesterday morning, and we were looking to enter a long on the
GBP/USD if the figure came out at least 0.2% better than
expected. The actual number came out with 0.1% deviation, so
it did not meet our safe trigger. We had several traders
report getting in on a medium trigger of 0.1% and they reported
profits of up to 20 pips on the trade. (…)
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