TRADE CALL RECAP
Our last live trade call was for the US CPI report which was
released this morning. We were looking to long the GBP/USD if
the number came out at least 0.1% worse than expected. The
actual number came out with no deviation, so it did not meet
our safe trigger and we did not enter the trade. To see a
video of the trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the Canadian
CPI is released at 7:00 am EDT. There are several components
to this release, and we will be focusing on the CAD CPI
Excluding Core 8 (YoY) figure. The expectation for this report
is 1.4%. We will be looking for a deviation of 0.2% to trigger
a safe trade. A lower than expected number will trigger a buy
on the USD/CAD or EUR/CAD.
This report last met our safe trigger last month, and we had
traders report profits of up to 30 pips. To see a video of
last month’s trade, click on the link below:
This is our current outlook for this trade; 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 this potential trade.
Good Luck!!!!
