CPI All Groups Goods
Trade Opportunity Tonight / Live Trade Call for January 23, 2008
CAD RETAIL SALES REPORT PROVIDES SOME QUICK PROFITS FOR TRADERS
This morning we were watching the Canadian Retail Sales
figures, and I mentioned in the Live Trade Room that you could
change your safe trigger from 0.4% to 0.5% as the Bank of
Canada was expected to change rates only 30 minutes after this
trade. While we were in the Live Trade Room, and a few minutes
before this release, the US Fed cut key interest rates by .75%,
which had a strong impact on the market as well. Because of
this, I urged caution for this news release.Â
The actual number came out with a deviation of 1.2%, so it met
our safe sell trigger and many traders entered this trade. (…)
REVIEW ON AUD/USD
I wanted to send out an e-mail to everyone and give them my input on the unexpected strength the AUD found on the CPI release last night. (…)
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