TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Trade
Balance report is released at 7:30 pm EST. Your focus should
be on the AUD Trade Balance Goods figure, which is expected to
be -$2.55 Billion. We have placed a safe trigger of $500
Million for this release. You will want to be careful on this
particular trade as the AUD Building Approvals report is
released at the same time, and that can have an impact on the
AUD as well.Â
I would recommend that you use the safe trigger for this
release as it will be more likely to provide the kind of move
we want. We will not have the Live Trade Room open, but I
wanted to make you aware of this potential trade opportunity. (…)
TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Trade
Balance report is released at 7:30 pm EST. Your focus should
be on the AUD Trade Balance Goods figure, which will be Row 1
of the RSS and is expected to be -$2.5 Billion. We have placed
a safe trigger of $500 Million for this release. Many times,
this release comes out at the same time as the Retail Sales
figure and the market has tended to go the direction of the
Retail Sales number. However, tonight the Trade Balance will
be on its own. The last time this release met our trigger when
it did not come out at the same time as the Retail Sales
number, we saw a 30 pip move. I would recommend that you use
the safe trigger for this release as it will be more likely to
provide the kind of move we want. We will not have the Live
Trade Room open, but I wanted to make you aware of this
potential trade opportunity. (…)
Today we had several news events that we were watching. First
were the US GDP and the Canadian GDP that were released at the
same time. (…)
I would like to recap the trades for this week and let you know
of the upcoming trades we will have next week. (…)