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TRADING OPPORTUNITY LATER TODAY There is an opportunity to trade later today when the New Zealand Retail Sales report is released at 6:45 pm EDT. Our focus is on the Retail Sales All Industries figure, and the expectation for this report is -0.1%. We have placed a safe trigger of 0.3% for this release. When…
TRADE CALL RECAP Our last live trade call was this past Monday when we were watching the UK Industrial Production report. We were looking to short the GBPUSD if the number came out at least 0.5% worse than expected. The number came out with a -0.7% deviation, so it met our safe trigger. Our traders…
TRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Labor Force Employment report is released at 9:30 pm EDT. The expectation for this release is 10k jobs. We have placed a safe trigger of 20k jobs for this release. We have historically seen moves of around 25 to 40 pips when…
TRADE CALL RECAP Last Friday we were watching the US Non-Farm Payrolls, and we were looking to short the USDJPY if the number came out at least 50k worse than expected. The actual deviation was only 2k jobs, so it did not meet our safe trigger and we did not enter a trade. OUR NEXT…
TRADE CALL RECAP Our last live trade call was this morning when we were watching the US ISM Manufacturing report. This report did not meet our safe trigger as we were looking for a 2.5 deviation or higher, and the number came out only 1.7 better than expected. We did have a few traders get…
TRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Retail Sales report is released at 9:30pm EDT. The expectation for this release is 0.1%. We have placed a safe trigger of 0.4% jobs for this release. We have historically seen moves of around 25 to 40 pips when this release has…
TRADE CALL RECAP For our last Live on the News event, we were watching the Canadian GDP report this morning. We were looking to short the USD/CAD or EUR/CAD if the report came out at least 0.2% better than expected. The number came out with a deviation of 0.1%, so it did not meet our…
TRADE CALL RECAP For our last live trade call, we were watching the UK GDP report that was released last Friday. We were going to sell the GBPUSD if the deviation was -0.1% or worse. The actual number came out with a -0.1% deviation, so it met our trigger and we had traders report profits…
TRADE CALL RECAP For our last live trade call, we were watching the US GDP report that was released this morning. We were going to trade if the deviation was 0.4% or higher. The actual number came out with no deviation, so it did not meet our trigger and we did not get in a…
TRADE CALL RECAP For our last live trade call, we were watching the US Durable Goods report this morning. We were going to trade if the deviation was 2.5% or higher. The actual number came out with a 0.1% deviation, so it did not meet our trigger and we did not get in a trade…
CANADIAN RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS Last Friday we were watching the Canadian Retail Sales figures, and we were looking to short the USD/CAD and EUR/CAD if the number came out at least 0.4% worse than expected. The actual number came out with a deviation of -0.5%, so it met our…
In the past several days we have seen most pairs go into a consolidation mode. Most of the currencies have found comfortable ranges and have bounced between those levels creating a choppy volatile environment. For technical traders this has played out well. For the longer term trader this can be a very frustrating period. I…