TRADE CALL RECAP
For my last live trade call, we were watching the US GDP report
that was released last Thursday. We were looking for a safe
trigger of 0.4% to get in this trade. The actual number came
out with a -0.2% deviation, so it did not meet our trigger and
we did not enter the trade.
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have two opportunities for trades tomorrow when the
Canadian GDP and US ISM reports are released.
The first opportunity will be on the Canadian GDP report that
will be released tomorrow at 8:30 am EST. The expected number
for this report is -0.2%. A higher than expected number will
be good for the CAD and signal a short on the USD/CAD and
EUR/CAD. We will be looking for a deviation of 0.2% on this
report to trigger a safe trade.
This report last met our safe trigger last August, and the
market moved approximately 45 pips. To see the video of
August’s trade, click on the following link:
The next opportunity will be on the US ISM Manufacturing Report
that will be released at 10:00 am EST. The expected number for
this report is 48.0. 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 met our safe trigger last month and provided up to
40 pips of profit for our traders on the USD/JPY. To see the
video of last month’s trade click on the following link:
This is our current outlook for these trades; 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 releases to get my commentary on these potential trades.
Good Luck!!!!
