The last release we were watching didn’t hit our triggers so It was a no trade. The market didn’t do a whole lot as would be expected from the deviation that we had. Moving on I am pretty excited about tomorrow because we have two releases that can move the market pretty good.
OUR NEXT LIVE ON THE NEWS TRADE CALL
First we have some data out of the UK both are listed below.
UK CPI Core Y/Y… Release date: Mar 20, 2007 5:30:00 AM EDT Expected: 1.7
UK CPI MoM Release date: Mar 20, 2007 5:30:00 AM EDT Expected: 0.3
Both of these releases can move the market so if one comes out deviating and the other is as expected I will still probably trade. I will look for around .2 in deviation on either one of the listed releases and I don’t expect these releases to conflict however if they do I will close down my trade if I see the market start to react violently.
If actual number comes out higher than expected I will buy the GBP/USD and if it comes out lower than expected I will sell. For more info on this release follow the link below.
http://www.statistics.gov.uk/cci/nugget.asp?id=19
The next set of releases we have are coming out of Canada.
CAD CPI Ex the 8 Most Release date: Mar 20, 2007 7:00:00 AM EDT Expected: 0.3
STCA Canada CPI MoM NSA 1992=1 Release date: Mar 20, 2007 7:00:00 AM EDT Expected:0.3
My main focus will be on the Core 8 monthly which is listed first. I will be looking for .2 in deviation. If the actual number comes out higher than expected by .2 I will go short and if the actual number comes out lower than expected I will go long on the USD/CAD. For more information on this release follow the link below.
Good Luck trading!!!
