TRADE CALL RECAP
Our last live trade call was this past Wednesday when we were
watching the UK Industrial Production report. This report did
not meet our safe trigger as we were looking for a 0.5%
deviation or higher, and the number came out only 0.4% worse
than expected. We did have a few traders get in on a medium
trigger and report up to 20 pips of profit. To see the video
of this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have two opportunities for trades tomorrow among three
economic news releases. The first release is the Canadian
Labor Change report, which will be released at 7:00 am EDT
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 10k
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 in six of the last seven
months, and we have had traders report profits of up to 60 pips
and more on each trade. We have even had traders report
profits of up to 100 pips and more on the EUR/CAD on this
release. We were not able to get a video of March’s trade, but
to see the video of February’s trade, click on the link below:
The second opportunity will be at 8:30 am EDT when the Canadian
Trade Balance and the US Trade Balance reports will both be
released. With the RSS software, we will have the ability to
trade both of these releases across multiple currencies.
Our main focus will be on the CAD Trade Balance, as we
typically see better moves if this release meets our safe
trigger. If you are only able to trade one currency pair with
your broker, you should trade the EUR/CAD for this release as
the US data is coming out at the same time. For this report,
the expected number is $4.5 Billion. A higher than expected
number will be good for the CAD and signal a short on the
EUR/CAD, and a lower than expected number will be bad for the
CAD and signal a long on the EUR/CAD. We will be looking for a
deviation of $0.8 Billion on this report to signal a safe
trade.
This report has hit our safe trigger five out of the last eight
months, and the market has moved 20-35 pips each month. This
release met our safe trigger last month and we had traders
report profits of up to 15 pips, depending on their entries.
To see a video of last month’s trade, click on the link below:
For the US Trade Balance, the expected number is -$61.0
Billion. A higher than expected number (less negative) will be
good for the USD and signal a long on the USD/JPY and a lower
than expected number (more negative) will be bad for the USD
and signal a short on the USD/JPY. We will be looking for a
deviation of $1.5 Billion on this report to trigger a safe
trade.
This report met our safe trigger last month, and the USD/JPY
moved approximately 10 pips. This movement was muted by the
Jobless Claims that was released at the same time and came out
in conflict with the movement for the Trade Balance report. We
will not have to worry about the Jobless Claims report this
time. It is better to look at February’s Trade Balance report,
which met the safe trigger and the USD/JPY moved approximately
25 pips.
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!!!!
