I would like to recap the trades for this week and let you know of the upcoming trades we will have next week.
We had three LOTN trades this week:
10/1 – US ISM Manufacturing – No Trade 10/5 – Canadian Labor Change – We were looking to short the USD/CAD and EUR/CAD if this number came out at least 15k more than expected. The actual number had a deviation of +33.6k jobs, so we entered this trade and made some very good profits. We had many traders report profits of 50+ pips on the USD/CAD, and 70+ pips on the EUR/CAD. 10/5 – US Non-Farm Payrolls – No Trade We also had one AUD trade this week that we set triggers for on the RSS.The AUD Retail Sales met our medium trigger of 0.4% on Tuesday night and we had several traders report profits of 20-30 pips on this trade.
NEXT WEEK’S OUTLOOK
Next week will be a busy week as we will have five news releases we will be trading in the Live on the News Trade Room.
The reports are as follows: UK Industrial Production Release date: 10/08/2007 04:30:00 AM EDT UK Trade Balance Release date: 10/09/2007 04:30:00 AM EDT US Trade Balance Release date: 10/11/2007 08:30:00 AM EDT Canada Merchandise Trade Balance Release date: 10/11/2007 08:30:00 AM EDT US Retail Sales Release date: 10/12/2007 08:30:00 AM EDT
We look forward to these opportunities as we have had some very strong moves on some of these releases in the past few months. I will be sending out specifics on each Live on the News Trade Call prior to each of these releases. In addition to the LOTN trades, there will be two additional opportunities to trade on AUD and NZD news releases. We will have triggers set for these trade opportunities. These reports will be released at the following times: Australia Labor Force Employment Release date: Oct 10, 2007 9:30:00 PM EDT New Zealand Retail Sales Release date: Oct 11, 2007 5:45:00 PM EDT I hope everyone has a great weekend and I hope to see you on Monday for our next
