OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have 2 reports that we will be watching, the first report is the Cad Net Change in Employment expected at 15k I would like to see around 10 to 15 k in deviation on this report.
Revisions on this report are rare so I will not be to concerned with them. There is an additional report coming out of Canada the Unemployment Rate however this is normally only off by .1 or.2 and doesn’t really affect the move at all so I wont worry with it to much.
If the Change in employment comes out at 25k or higher I will sell the CAD/USD and if it comes out 5k or lower I will buy the CAD/USD. This is a great mover and recently has hit these triggers regularly. We will trade this live in the room at 7:00 am.
THE RELEASE YOU HAVE ALL BEEN WAITING FOR
Tomorrow at 8:30am eastern the US Non Farm Payrolls is released and is expected at 123k. My desired deviation on this trade is around 45k. A higher than expected number signals a sell and a lower than expected number signals a buy.
What this means is if the release comes out at 168k or higher I Will sell the GBP/USD and if it comes out 78k or lower I will buy GBP/USD. My only concern will be revisions. If we get a revision under 15k I will not worry however anything over that and I am out of the trade.
Good Luck trading!!!
