TRADE CALL RECAP
Last Friday we were watching the US Non-Farm Payrolls, and we
were looking to short the USDJPY if the number came out at
least 50k worse than expected. The actual deviation was only
2k jobs, so it did not meet our safe trigger and we did not
enter a trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK
Industrial Production report is released at 4:30 am EDT. We
will be focusing on the Industrial Production (MoM) figure. The
expectation for this report is -0.1%. We will be looking for a
deviation of 0.5% on this report to trigger a safe trade. A
better than expected figure will trigger a buy on the GBP/USD.
This report last met our safe trigger in November, and we had
traders get in and report profits of up to 30 pips. To see a
video of November’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!!!!
