TRADE RECAP
Today we had UK retail sales which was expected at .4%. I said in yesterdays email that if the number came out lower than expected by .4% or more to short the GBP/USD. The release came out .8% less than expected which sent the GBP/USD plummeting over 60 pips. If you followed my advice you did very well.
OUR NEXT LIVE ON THE NEWS TRADE CALL’S
Tomorrow we have UK GDP AKA Gross Domestic Product Coming across the wires at 4:30 am eastern; the expected number is .6%. I would like to see around .2%. A higher than expected number signals a buy and a lower than expected number signals a sell. This has very rarely hit our trigger however when it does it moves very well.
SECOND TRADE FOR TOMORROW
Next up we have the Canadian CPI Ex core being released at 7:00 am eastern. This release is not the best mover however we may get a 25+ pip move from this release if it hits my trigger.
The expected number for this release is .2%. and the CPI (MoM) is expected at -.3% both of which I will watch. I would like to see around .2% deviation on either one of these releases and both in agreement. If these releases conflict I will pass.
A higher than expected number signals a sell on the USD/CAD and a lower than expected number signals a buy.
Good Luck trading!!!
