I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the US Consumer Price Index (CPI) report.
The plan for the US CPI was to go long on the GBP/USD if the release came out lower than expected by .2% or more. The actual deviation was .1%, so it did not trigger our safe trigger.
To see the video of this trade click on the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the Canadian Consumer Price Index (CPI), which is expected at .3% and will be released at 7:00 am Eastern. A higher than expected number would be good for the Canadian dollar and would signal a short on the USD/CAD, and a lower than expected number would be bad for the Canadian dollar so that would signal a long on the USD/CAD.
I would like to see around .2% in deviation to make sure that this is a good mover. In the past we have seen moves of 40-70 pips with this deviation and higher. In April and May our medium triggers were hit and the market moved over 20 pips. If you would like to see the videos of the last two news releases and the transcripts you can click the following link:
Good Luck!!!!
