CANADIAN GDP PROVIDES UP TO 50 PIPS
Our last live trade calls were this past Monday when we were
watching the Canadian GDP and US ISM Manufacturing reports.
The Canadian GDP report was the trade of the day as we were
looking to long the USD/CAD and EUR/CAD if the report came out
at least 0.2% worse than expected. The actual number came out
with a deviation of -0.5%, so it did meet our safe trigger. We
had many traders get in the trade and they reported profits of
up to 50 pips and more on the trade. To see a video of this
trade, please click on the link below:
The US ISM report did not meet our trigger as we were looking
for a 2.5 deviation or higher, and the number came out only 0.3
better than expected. To see the video of this trade, click on
the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow will be an interesting day as we will have two major
economic news releases.
The first release is the Canadian Labor Change report, which
will be released at 7:00 am EST tomorrow. This is one of my
favorite releases as our safe trigger is often met and we get
some very good moves on this particular release. The
expectation for this report is 3k jobs. 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 15k on this report to
trigger a safe trade.
This report has met our safe trigger each of the last five
months, and we have had traders report profits of up to 60 pips
and more on each trade. The last two months we have even had
traders report profits of up to 100 pips and more on the
EUR/CAD on this release. To see the video of last month’s
trade, click on the link below:
Tomorrow we will have two opportunities to trade. The first
opportunity will be the best opportunity for a trade, when the
US Non-Farm Payrolls report is released at 8:30 am EST. We
will focus on the Non-Farm Payrolls figure, which is expected
to be 22.5k jobs. A higher than expected number will be good
for the USD and signal a short on the GBP/USD, and a lower than
expected number will be bad for the USD and signal a long on
the GBP/USD. We will be looking for a deviation of 50k on this
report to trigger a safe trade.
This report met our safe trigger last month, and we had traders
report profits of up to 70 pips. To see a video of last
month’s trade, click on the link below:
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!!!!
