Today we were watching the Cad CPI and looking for around .2 in deviation. Unfortunately our triggers were missed once again however there are always those that enter based on the medium triggers and today was no exception to that. I didn’t get in however we had reports of very good profits on this release from many of our traders.
To see a video of this trade and read the transcripts from the Traders in the room click the following link.
www.forexmastermaker.com/vid/cadcpi41907
OUR NEXT LIVE ON THE NEWS TRADE CALL.
Tomorrow we have two potential trades the first is the UK Retail Sales and the second is the Canadian Retail Sales. The UK data will be released at 4:30 am eastern and is expected to be .5%.
If the UK data comes out higher than expected by .4 or more I will go long on GBP/USD and if it comes out lower by .4 I will go short. This should be a pretty cut and dry trade as there is not much to conflict. My focus will be the M/M number however I will watch the yearly as well.
The next release is the Canadian Retail Sales and my focus will be the Less Autos which is expected at .5%. If this number is released higher than expected by .4% I will go short on the USD/ CAD and if it comes out lower than expected I will go long. This data is coming out at 8:30am eastern and should also be pretty cut and dry however I will keep a close eye on the regular retail sales..
Good Luck!!!!!
