TRADE CALL RECAP
For my last live trade call, we were watching the US Durable Goods Orders report that was released this morning. I mentioned in the Live Trade Room that our accounts were not
going to trade this release as we have seen very small moves on this release over the last several months. We were looking to short the GBP/USD if the actual figure came out better than expected by at least 3.0%. The actual number came out with a deviation of only 2.5%, so it did not meet our trigger. The market only moved about 10-15 pips from this news. To see a
video of the trade, please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade will be tomorrow at 8:30 am EST
when the US GDP report is released. Our focus will be on the
GDP Annualized (QoQ) number. The expectation for this number
is 1.2%, and we will be looking for a deviation of at least
0.4% to trigger a safe trade. A lower than expected number
would signal a buy on the GBP/USD. We can expect a 20-30 pip
move on this if it meets our safe trigger. This report last
met our safe trigger in October and the market moved about 25
pips. To see the video from October, 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 the trade.
Good Luck!!!!
