Tomorrow is going to be a busy day as we will have two news releases that have provided some excellent opportunities for our traders in recent months.We have had traders report profits of 50-100 pips and more on these releases in the past few months.
Our first trade opportunity will be the Canadian Labor Change report, which will be released at 7:00 am EDT. We will be focusing on the Net Change in Labor figure, which will be Row 1 in the RSS. The expectation for this report is 17.5k jobs. A higher than expected number will be good for the CAD and signal a short on the USD/CAD and EUR/CAD, and a lower than expected number will be bad for the CAD and signal a long on the USD/CAD and EUR/CAD. We will be looking for a deviation of 15k on this report to trigger a safe trade. This report last met our safe trigger in July, and we had traders report profits of up to 40 pips on the USD/CAD and 50 pips on the EUR/CAD.
To see a video of July’s trade click on the following link: <>http://www.tradingliveonthenews.com/vid/CADLaborChange070607/
The second opportunity will be at 8:30 am EDT, and that will be the US Non-Farm Payrolls report. We will focus on the Non-Farm Payrolls figure, which is expected to be 100k jobs. A higher than expected number will be good for the USD and signal a short on the GBP/USD, and a lower than expected number will be bad for the USD and signal a long on the GBP/USD. We will be looking for a deviation of 50k on this report to trigger a safe trade.
This report met our safe trigger last month, and we had many traders report profits of 50-100 pips. Some traders, as well as a portion of our managed accounts, stayed in this trade and made 180 pips and more.
To see a video of last month’s trade click on the following link:
This is our current outlook for these trades; however, it is subject to change as market conditions may change by tomorrow. Be sure to log in to the Live Trade Room 15 minutes prior to the releases to get my commentary on these potential trades.
Good Luck!!!!
