I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK Industrial Production report on Monday.
For this report, the plan was to go long on the GBP/USD if the release came out higher than expected by 0.5% or more from the expected number. The actual number came out with no deviation, so we did not enter the trade. To see the video of this trade, click on the following link:
TRADE OPPORTUNITY TONIGHT
As I mentioned in an e-mail yesterday, we have a potential trade tonight with the AUD Labor Force Employment Change report. The expected number for this release is 25k jobs, and we have seen some good moves with a deviation of 20k jobs or more. We have placed a safe trigger of 20k in the RSS. We will not be trading this report in the Live Trade Room, but I did want to make you aware of it.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK Trade Balance report is released at 4:30 am EDT. The expectation for this report is -$6.5 Billion. We will be looking for a deviation of $700 Million to trigger a safe trade. A higher than expected number would be good for the GBP and would signal a long on the GBP/USD, and a lower than expected number would be bad for the GBP so that would signal a short on the GBP/USD. To see the video of last month’s trade for this report, click on the following link:
Good Luck!!!!
