Posts Tagged ‘US Trade Balance’

TRADE CALL RECAP

For our last live trade, we were looking at the UK CPI report yesterday morning. For this report, we raised our safe triggers so were looking to sell the GBPUSD if the number came out at least 0.3% worse than expected. The actual number came out with no deviation, so it did not meet our raised safe triggers.

OUR NEXT LIVE ON THE NEWS TRADE CALLS

Our next live trade opportunities come tomorrow when the US and Canadian Trade Balance reports will both be released at 8:30 am EDT (12:30 pm GMT). I would recommend only attempting to trade the Canadian Trade Balance. For the Canadian Trade Balance, the expected number is -$2.25 Billion. A higher than expected number will be good for the CAD and signal a short on the EURCAD, and a lower than expected number will be bad for the CAD and signal a long on the EURCAD. We will raise the safe trigger so we will be looking for a deviation of at least $1.5 Billion on this report to signal a safe trade.

For this trade we will focus on the EURCAD and most likely prefer a sell, but it could be tradable either way. We will want to use caution on this release as we have not seen a very strong move in the last few months, even when this release has met our safe triggers. Therefore, we will most likely raise the safe trigger to $1.5 Billion and you will want to use caution on this release.

This release last met our safe trigger last month and we had traders report making up to 15 pips on this trade. Below is a chart with the movement on the EURCAD at the time of last month’s release:

To see a video of last month’s trade, click on the link below:

httpv://www.youtube.com/watch?v=LCfoZAoA-xc

For the US Trade Balance, the expected number is -$44 Billion. A higher than expected number (less negative) will be good for the USD and signal a long on the EURJPY and a lower than expected number (more negative) will be bad for the USD and signal a short on the EURJPY.

We have raised the safe trigger on this release to $5.0 Billion and we would typically expect to see a 20-30 pip move with that deviation or higher. I would also recommend trading the EURJPY as it has the tendency to move better than the USDJPY. However, I would recommend not trading this particular release as there is some additional US data that will be released at the same time that could impact the EURJPY.

This release last met our safe trigger in August and we did not get a very strong reaction to the data. To see a video of August’s trade, click on the link below:

httpv://www.youtube.com/watch?v=wbmQ7as8wIE

This is our current outlook for these trades; however, it is subject to change as market conditions may change by tomorrow. Be sure to log in to the Profit Center (live trade room) 15 minutes prior to the releases to get my commentary on these potential trades.

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
THESE TRADES IN REAL TIME TOMORROW?

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