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TRADERS REPORT 50+ PIPS ON UK CPI REPORT Our last live trade call was for the UK CPI report that was released this morning. We were looking to long the GBP/USD if the number came out at least 0.2% better than expected. The actual number came out with a deviation of 0.4%, so it did…
This week we have a number of important reports coming out. CPI, being one of the key reports coming out. We expect CPI will show more inflationary pressures building. We also have a week full of Fed. speakers. We expect they will try to jawbone the Dollar higher by commenting on inflation. Look for any…
Commodities continue to try and hold these high levels but as a whole we see more and more cracks in the armor. With the exception of Crude Oil and Rice, most other major commodities are already well off of their highs. We continue to see a consolidation taking shape over the coming months and perhaps…
USDCAD Yesterdays posted level on the CAD of the 1.0019 area, give or take 5 to 10 pips, for buys has paid out nicely. The low yesterday was around 1.0023 and made a recovery back to the 1.0090’s. This combo can be a tricky pair to trade and congratulations on those that took advantage of…
ANOTHER LIVE ON THE NEWS TRADE CALL TODAY I did not mention in yesterday’s e-mail that we will have another opportunity to trade today when the US Retail Sales report is released at 8:30 am EDT. We will be focusing on the US Retail Sales Less Autos figure. The expectation for this report is 0.2%. We…