Posts Tagged ‘UK GDP’

TRADE CALL RECAPS

For our last live trade calls, we were watching the Canadian CPI and Retail Sales reports last Friday morning. For the Canadian CPI, we were looking to buy the EURCAD and USDCAD if the number came out at least 0.3% worse than expected. The actual number came out with only a 0.1% deviation, so it did not meet our safe triggers.

For the Canadian Retail Sales report, we were looking to buy the EURCAD and USDCAD if the number came out at least 0.7% worse than expected. The number came out only 0.1% worse than expected, so it did not meet our safe buy trigger.

OUR NEXT LIVE ON THE NEWS TRADE CALL

Our next live trade opportunity comes tomorrow when the UK GDP report is released at 4:30 am EDT (8:30 am GMT). For the UK GDP release we will be focusing on the Chained GDP figure, and the expected number is 0.4%. A higher than expected number will be good for the GBP and signal a long the GBPUSD, and a lower than expected will be bad for the GBP and signal a short on the GBPUSD.

We will likely prefer a sell trigger on this trade as a more negative number could have a larger impact on the GBP, but we could see a 30-40 pip move either way. We will likely stay in for a larger move if we do get a sell trigger. This is a Preliminary quarterly number which typically has a bigger effect on the market than the other two quarterly numbers, so we will most likely place our safe trigger at 0.2% tomorrow.

The UK GDP report has met our safe trigger in seven out of the last twelve months and the GBPUSD has moved between 25 and 100 pips each time. This report last met our safe trigger in July, and we had traders report up to 45 pips of profit on their trades. The chart below shows the movement of the GBPUSD at the time of July’s release:

The video of July’s trade is below:

httpv://www.youtube.com/watch?v=vzh-Lp2-t80

This is our current outlook for this trade opportunity; 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 trade.

Good Luck!!!!

HOW TO TRADE THE FREE CALLS

If this is the first time you are receiving my trade calls, please visit…

http://oracletrader.net/guide/

for important information on how to use my calls.

WOULD YOU LIKE ME TO COACH YOU THROUGH
THIS TRADE IN REAL TIME TOMORROW?

Then visit: http://oracletrader.net/signup/

TRADE CALL RECAP

For our last live trade call, we were watching the US Durable Goods report last Friday morning. For this trade I recommended raising the safe trigger, so we were looking to buy the EURJPY if the number came out at least 3.0% better than expected. The actual number came out with only a 1.0% deviation, so it did not meet our safe triggers.

OUR NEXT LIVE ON THE NEWS TRADE CALL

Our next live trade opportunity comes tomorrow when the UK GDP report is released at 4:30 am EDT (8:30 am GMT). For the UK GDP release we will be focusing on the Chained GDP figure, and the expected number is 1.2%. A higher than expected number will be good for the GBP and signal a long the GBPUSD, and a lower than expected will be bad for the GBP and signal a short on the GBPUSD.

We will likely prefer a sell trigger on this trade as a more negative number could have a larger impact on the GBP, but we could see a 30-40 pip move either way. We will likely stay in for a larger move if we do get a sell trigger. This is a Final quarterly number which typically does not have as big of an effect on the market as an Advanced or Revised number, so we will most likely raise our safe trigger to at least 0.3% tomorrow.

The UK GDP report has met our safe trigger in seven out of the last twelve months and the GBPUSD has moved between 25 and 100 pips each time. This report last met our safe trigger in July, and we had traders report up to 45 pips of profit on their trades. The chart below shows the movement of the GBPUSD at the time of July’s release:

The video of July’s trade is below:

httpv://www.youtube.com/watch?v=vzh-Lp2-t80

This is our current outlook for this trade opportunity; 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 trade.

Good Luck!!!!

HOW TO TRADE THE FREE CALLS

If this is the first time you are receiving my trade calls, please visit…

http://oracletrader.net/guide/

for important information on how to use my calls.

WOULD YOU LIKE ME TO COACH YOU THROUGH
THIS TRADE IN REAL TIME TOMORROW?

Then visit: http://oracletrader.net/signup/