Trade Call for August 29, 2008

US GDP PROVIDES UP TO 30 PIPS OF PROFIT
For our last live trade call, we were watching the US GDP
report that was released this morning.  We were going to sell
the GBPUSD if the deviation was 0.4% or higher.  The actual
number came out with a 0.6% deviation, so it met our trigger
and we had traders report profits of up to 30 pips on this
release, depending on their entries.  To view a video of the
trade, click on the link below:
http://www.tradingliveonthenews.com/vid/usgdp082808/
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 0.1%, and we will be looking for a deviation of at
least 0.2% to trigger a safe trade. (…)

Trade Call for August 28, 2008

TRADE CALL RECAP
For our last live trade call, we were watching the US Durable
Goods report this morning.  We were going to buy the USDJPY if
the deviation was 2.5% or higher.  The actual number came out
with a 1.4% deviation, so it did not meet our trigger and we
did not get in a trade on this release.�
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US GDP
report will be released at 8:30 am EDT.  Our focus will be on
the GDP Annualized (QoQ) number.  The expectation for this
number is 2.7%, and we will be looking for a deviation of at
least 0.4% to trigger a safe trade. (…)

Trade Call for August 27, 2008

UK RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS
Last Thursday we were watching two news releases for potential
trades.  The first was the UK Retail Sales figures, and we were
looking to long the GBPUSD if the number came out at least 0.4%
better than expected.  The actual number came out with a
deviation of 1.0%, so it met our safe buy trigger and many
traders reported entering this trade.  We received reports of
up to 35 pips, depending on their entries.  To see the video
from this trade, click on the link below:
http://www.tradingliveonthenews.com/vid/UKRetailSales082108/
The next release was the Canadian CPI release, and we were
looking to buy the EURCAD or USDCAD if the number came out at
least 0.2% worse than expected.  The actual figure came out
with a -0.1% deviation, so it did not meet our trigger and we
did not enter a trade.  To see a video of this trade, click on
the link below:
http://www.tradingliveonthenews.com/vid/CADCPI082108/
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 -0.7%.  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 in May, and the market moved about 40
pips on the USD/JPY.  We do not have a video of that particular
trade.�
This is our current outlook for this trade; however, it is
subject to change as market conditions may change by tomorrow. (…)

Trade Call for August 22, 2008

TRADE CALL RECAPS
For our last live trade call, we were watching the UK Retail
Sales and Canadian CPI reports that were released this
morning.  For the UK Retail Sales, we were going to buy the
GBPUSD if the actual number was at least 0.4% better than
expected.  The actual number came out with a 1.0% deviation, so
it met our trigger and we entered a trade on this release.  We
had traders report profits of up to 35 pips on this release,
depending on their entries.  To see a video of this trade,
click on the link below:
http://www.tradingliveonthenews.com/vid/UKRetailSales082108/
For the Canadian CPI, we were looking to long the EURCAD or
USDCAD if the number came out at least 0.2% worse than
expected.  The actual number came out with a deviation of
0.1%, so it did not meet our safe trigger and we did not enter
a trade on this release.  To see a video of this release,
please click on the link below:
http://www.tradingliveonthenews.com/vid/CADCPI082108/
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live news trade opportunity will be on the UK GDP
Report that will be released tomorrow at 4:30 am EDT.  The
expected number for this report is 0.1%.  A higher than
expected number will be good for the GBP and signal a long on
the GBP/USD, and a lower than expected number will be bad for
the GBP and signal a short on the GBP/USD.  We will be looking
for a deviation of 0.1% on this report to trigger us into a
safe trade.  We have seen moves of 25 to 50 pips with this
trigger recently. (…)

Trade Calls for August 21, 2008

TRADE CALL RECAP
For our last live trade call, we were looking at the Canadian
Retail Sales this morning, and we were looking to enter a short
on the EUR/CAD or USD/CAD if the figure came out at least 0.4%
better than expected.  The actual number came out with a 0.8%
deviation, so it met our safe trigger.  We had several traders
report getting in and they reported profits of up to 18 pips on
the trade, depending on their entries.  To see a video of the
trade, click on the link below:
http://www.tradingliveonthenews.com/vid/CADRetailSales072208/
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow we will have two opportunities for trades.  The first
live trade opportunity will be on the UK Retail Sales Report
that will be released tomorrow at 4:30 am EDT.  We will focus
on the Retail Sales (MoM) figure, and the expected number for
this report is -0.3%.  A higher than expected number will be
good for the GBP and signal a long on the GBP/USD, and a lower
than expected number will be bad for the GBP and signal a short
on the GBP/USD.  We will be looking for a deviation of 0.4% on
this report to trigger us into a safe trade. �
This release has met our safe trigger in eight out of the last
twelve months, and the market has moved between 30 and 90 pips
each time.  It met our safe trigger last month and provided
traders with up to 35 pips of profit.  To see the video of last
month’s trade, click on the following link:
http://www.tradingliveonthenews.com/vid/UKRetailSales072408/
The second live trade opportunity will be on the Canadian CPI
which will be released at 7:00 am EDT tomorrow.  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 1.5%.  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. (…)

Trade Call for August 20, 2008

TRADE CALL RECAP
For our last live trade call, we were looking at the US CPI
report last Thursday.  For the US CPI report, we were looking
to enter a short on the GBP/USD if the deviation met our safe
trigger of 0.1%.  The actual number came out with 0.1%
deviation, so it met our safe trigger and we entered a sell. (…)

Weekly Outlook for Forex from Odom & Frey

O&F FOREX News & ViewsBy: Head Trader, Derek Frey

August 18, 2008

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General Market Comments:

We continue to see higher than “normal” levels of volatility. (…)

Trade Opportunity Tonight

TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the NZD Retail
Sales report is released at 6:45pm EDT.  The focus should be on
the Retail Sales All Industries figure, and the expectation for
this release is 0.0%.  We have placed a safe trigger of 0.3%
for this release.  We have historically seen moves of around 25
to 45 pips when this release has met the safe deviation.�
You will want to take caution as there is the tendency for this
release to provide a quick spike in the direction of the news,
then a reversal during the summer months when there is less
liquidity.  This is what happened last month, when the news
provided a 30 pip spike, then a market reversal occurred.  We
will not have the Live Trade Room open for this trade, but I
wanted to make you aware of the opportunity. (…)

Trade Call for August 14, 2008

TRADE CALL RECAP
Our last live trade call was on the US Retail Sales report that
was released this morning. (…)

Trade Call for August 13, 2008

TRADE CALL RECAPS
Our last live trades were this morning when we were watching
three news releases.  First was the UK CPI report, and we were
looking to long the GBPUSD if the number came out at least 0.2%better than expected.  The actual number came out with a 0.2%
deviation, so our safe trigger was met and we entered this
trade.  We had some traders report profits of up to 35 pips,
depending on their entries.  To see a video of this trade,
click on the link below:
http://www.tradingliveonthenews.com/vid/UKCPI081208/
Next we were watching the Canadian and US Trade Balance
reports, with our focus on the Canadian number.  We were
looking to short the EURCAD if the number came out at least
$0.8 Billion better than expected.  The actual number came out
with a $0.04 Billion deviation, so it did not meet our safe
trigger.  The US Trade Balance came out with a deviation of
$5.7 Billion, which met the $1.5 Billion deviation to trigger a
safe trade, but we only had a small move of 10-15 pips on this
release.  This is why we are focusing more on the Canadian
Trade Balance figure.  We did not get a video of this trade.�
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity will be when the US Retail
Sales report is released at 8:30 am EDT tomorrow. (…)