TRADE CALL RECAP
For my last live trade call, we were watching the US GDP report
that was released this morning. I mentioned in the Live Trade
Room that you should not trade this release if it came out with
a buy signal. The actual number came out with a deviation of
0.6%, so it did meet our buy trigger but we did not enter the
trade. We did not receive any reports from traders that they
entered this trade either. The market only moved about 10-15
pips from this news. To see a video of the trade, please click
on the link below:
TRADING OPPORTUNITY LATER TODAY
There is an opportunity to trade tonight when the NZD Trade
Balance report is released at 4:45 pm EST. Your focus should
be on the NZD Merchandise Trade figure, which is expected to
be -$190 Million. We have placed a safe trigger of $500
Million for this release. If this meets the safe trigger you
can expect to see a 25-35 pip move. We will not have the Live
Trade Room open, but I wanted to make you aware of this
potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the Canadian
GDP report that will be released tomorrow at 8:30 am EST. The
expected number for this report is 0.1%. There are several US
data releases coming out at the same time so you should focus
on trading the EUR/CAD. A higher than expected number will be
good for the CAD and signal a short on the EUR/CAD. We will be
looking for a deviation of 0.2% on this report to trigger us
into a safe trade.
This report last met our safe trigger in August, and the market
moved approximately 45 pips. To see the video of August’s
trade, click on the following link:
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!!!!
