CANADIAN RETAIL SALES PROVIDES UP TO 50 PIPS FOR TRADERS
This morning we were watching the Canadian Retail Sales
figures, and we were looking to long 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 -0.7%, so it met our
safe buy trigger and many traders entered this trade. We
received reports of up to 40 pips of profit on the USD/CAD and
up to 50 pips on the EUR/CAD. To see the video from this
trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have two opportunities for trades tomorrow. The first
and best opportunity will be on the UK Retail Sales Report that
will be released tomorrow at 4:30 am EDT. The expected number
for this report is -0.3%. A higher than expected number will
be good for the GBP and signal a long on the GBP/USD, and a
lower than expected number will be bad for the GBP and signal a
short on the GBP/USD. We will be looking for a deviation of
0.5% on this report to trigger us into a safe trade. We may
decide to lower the trigger tomorrow as we have seen some
better moves on this report recently, even with lower triggers.
This release has met our safe trigger in six out of the last
eight months, and the market has moved between 30 and 90 pips
each time. It met our safe trigger last month and provided
traders with up to 70 pips of profit. To see the video of last
month’s trade, click on the following link:
The second trade opportunity will be on the US Durable Goods
report that will be released at 8:30 am EDT. We will be
focusing on the US Core Durable Goods figure, which is expected
to be -0.3%. We will be looking for a deviation of 3.0% on
this report to trigger a safe trade. We have recently updated
the triggers to more conservative numbers as we have seen
diminished moves on this report in recent months.
This report last met our safe trigger last August, and we had
traders get in and report small profits or a small loss of up
to 10 pips. To see a video of August’s trade, click on the
link below:
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 release to get my commentary on these potential trades.
Good Luck!!!!
