Not a whole lot to recap in relation to today’s trade as it came in as expected and the market didn’t budge. You can see the video at www.forexmastermaker.com/vid/cadcpi22007
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have quite a few releases coming out at the same time which could result in great trade profits across a couple of different currencies. If you don’t have the RSS and are just trading my free calls you will need to choose one or the other and concentrate on the one you feel most comfortable with.
The Rundown of the release we have coming out tomorrow At 8:30 am eastern are as follows:
US CPI Core m/m US CPI m/m CAD Retail Sales m/m CAD Retail Sales Core m/m
I will set up to trade the GBP/USD on the US data releases and I will trade the EUR/CAD on the CAD releases so that the US data wont have an effect on my CAD trade.
For the US releases my focus will be on the CPI ex Food and Energy which is expected at .2 I will keep an eye on the regular CPI as well however I will base my entry on the ex F&G. If the actual number comes out higher than expected by .2 or more I will go short on the GBP/USD and if it comes out lower than expected by .2 or more I will go long.
I will also be trading the CAD release as the software I use will allow me to enter on multiple currencies and multiple dealing stations at the same time. I will be focusing on the Retail Sales Less Autos and I will watch the regular Retail Sales to see if it conflicts. If the a actual number comes out higher than expected by .4 I will go short on the EUR/CAD and if it comes out lower by .4 or more I will go long on the EUR/CAD. The expected number is .6.
Good Luck trading!!!
