UK CPI

Trade Call for September 16, 2008

TRADE CALL RECAP

Our last live trade call was on the US Retail Sales report that was released last Friday. For the US Retail Sales Less Autos report, we were looking to short the USD/JPY if the number came out at least 0.5% worse than expected.  The actual number came out with a deviation of -0.5%, so it met our safe trigger and we entered this trade.  We had several traders report profits of up to 25 pips, depending on their entries.  To see a video of this trade, click on the link below:

http://www.tradingliveonthenews.com/vid/USRetailSales091208/

OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK CPI report is released at 4:30 am EDT.  There are several components to this release, and we will be focusing on the UK CPI (EU Harmonized YoY) figure.  The expectation for this report is 4.6%.  We will be looking for a deviation of 0.2% to trigger a safe trade.   This report has met our safe trigger in three out of the last four months, and the GBP/USD has moved approximately 35-60 pips.  We had traders report up to 35 pips of profit on this particular release last month, depending on their entries.  To see the video of last month’s trade, click on the link below:

http://www.tradingliveonthenews.com/vid/UKCPI081208/

This is our current outlook for this trade; however, it is subject to change as market conditions may change by tomorrow.  Be sure to log in to the Live Trade Room 15 minutes prior to the release to get my commentary on this potential trade.

Good Luck!!!!

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