TRADE CALL RECAP
This morning we were watching the Canadian GDP report. We were
looking to short the USD/CAD if the report came out at least
0.2% better than expected. The actual number came out with a
deviation of 0.4%, so it did meet our safe trigger and we had
traders report profits of 2-20 pips on this trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity will be tomorrow when the US
ISM Manufacturing Report is released at 10:00 am EDT. The
expected number for this report is 48. A higher than expected
number will be good for the USD and signal a long on the
USD/JPY, and a lower than expected number will be bad for the
USD and signal a short on the USD/JPY. We will be looking for
a deviation of 2.5 on this report to trigger a safe trade.
This report last met our safe trigger in February and provided
up to 40 pips of profit for our traders on the USD/JPY. To see
the video of February’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!!!!
