CANADIAN CPI PROVIDES UP TO 60 PIPS OF PROFIT FOR TRADERS
The last trade call I sent out covered the Canadian CPI report
last Friday. For the CPI report, we were looking to long the USD/CAD
and EUR/CAD if the report came out at least 0.2% worse than
expected. The actual number came out with a deviation of -0.2%,
so it met our safe trigger and we entered the trade. We had
several traders report profits of up to 30 pips on the USD/CAD
and up to 60 pips on the EUR/CAD. To see a video of this
trade, please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US
Durable Goods report is released at 8:30 am EST. We will be
focusing on the US Core Durable Goods figure, which is expected
to be 0.0%. 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 in 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 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!!!!
