UK RETAIL SALES PROVIDES UP TO 70 PIPS IN PROFITS
For our last live trade call we were looking at the UK Retail
Sales last Thursday, and we were looking to enter a long on the
GBP/USD if the deviation met our safe trigger of 0.5%. The
actual number came out with 1.2% deviation, so we entered this
trade. The large deviation provided a good move on this trade,
and we had traders report profits of up to 70 pips on the
GBP/USD. To see the video from this trade, click on the link
below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the Canadian
Retail Sales Report that will be released tomorrow at 8:30 am
EDT. Our focus will be on the Retail Sales Less Autos figure.
The expected number for this report is 0.5%. A higher than
expected number will be good for the CAD and signal a short on
the USD/CAD and EUR/CAD, and a lower than expected number will
be bad for the CAD and signal a long on the USD/CAD and
EUR/CAD. We will be looking for a deviation of 0.4% on this
report to trigger a safe trade.
This report met our safe trigger last month and provided
traders with up to 40 pips of profit. To see the video of last
month’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!!!!
