The last release we traded in the live room was the US Non Farm Payrolls. This barley deviated at all and therefore was a no trade. To see a video of this trade click the following link.
www.forexmastermaker.com/vid/usnfp5407
Before we get into the next live trade call I want to give you Some insight on a few non LOTN trades for tomorrow that Are happening later today and also a Non LOTN trade for Tomorrow as well. We will not be in the live trade room For this but it may present a great opportunity if you would Like to increase the trades you watch each month.
The First thing is the NZD Unemployment Rate. We went through and looked at the last year and a half of data and it looks like you could get away with trading this release providing you have at least .2 in deviation however watch out for revisions. In February of 06 there was a .3 which was in agreement with the actual number however the point is revisions are possible on this release.
The NZD numbers are expected to be 3.8 and a higher number would signal a sell and a lower number will signal a buy. This data will be released at 6:45 pm eastern and I suggest trading the NZD/USD for this release.
The next possible trade is the AUD Employment Change which is expected to be 12.5k. We went back to January of 2005 on this release and a deviation of 35k or more is really needed to provide a good move on a consistent basis.
On the AUD trade a higher than expected number will signal a buy And a lower than expected number will signal a sell. I suggest trading the AUD/USD for this release which is scheduled for 9:30 pm eastern.
Now for the trades we will be trading in the room.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have a very busy day. We have a couple of releases coming out of the UK the first of which is the UK Industrial Production which is accompanied by the UK Trade Balance.
Both of these releases could cause a good move on the GBP/ USD so we will have to be very cautious. The Trade Balance is expected to be – 6.7b and I will look for around .5 in deviation. The Industrial Production is expected to be .4% and I will look for around 1.0 in deviation.
In both cases a higher than expected number will signal a buy On the GBP/USD and a lower than expected number will signal a sell. If these numbers conflict I would suggest staying out. This data will be released at 4:30 am eastern.
The next set of numbers we will trade will be released at 8:30 am eastern. We have the US Trade Balance and the CAD Trade Balance. The Cad data is expected to be 5.5 and we will look for around 1.3 In deviation and I will trade the EUR/CAD on this release. A higher Than expected number will signal a sell and a lower than expected Number will signal a buy.
At the same time we will also get US Trade Balance numbers which are expected to be – 60b. We will look for around 1.5 in deviation for this release and a higher than expected number will signal a selland a lower than expected number will signal a buy. I will trade the GBP/USD for this release.
Good luck!!!
