LIVE FOREX TRADE CALL RECAP
This morning we were watching the US Retail Sales report. Our
focus was on the Retail Sales less Autos figure, and we were
looking to trade if there was a deviation of 0.5% or more than
the expected number. The actual number came out with no
deviation, so we did not enter a trade. To see a video of this
live trade call, you may click on the link below:
TRADING OPPORTUNITY LATER TODAY
There is an opportunity to trade later today when the NZD
Retail Sales report is released at 4:45 pm EST. Your focus
should be on the NZD Retail Sales (MoM) figure, which will be
Row 1 of the RSS and is expected to be 0.5%. We have placed a
safe trigger of 0.3% for this release. We have historically
seen moves of around 20-30 pips when this release has had a
deviation of 0.3% or higher. We will not have the Live Trade
Room open for this trade, but I wanted to make you aware of the
opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow we will have two opportunities to trade when the UK
Retail Sales and US CPI report are released. The UK Retail
Sales report will be released at 4:30 am EST, and we will be
focusing on the All Retailing MoM figure, which will be Row 1
on the RSS. The expectation for this release is 0.1%, and our
safe trigger will be set for a 0.5% deviation from the expected
number. A better than expected number will be good for the GBP
and signal a buy on the GBPUSD.
This release has met our safe trigger the last three months,
and we have seen moves of 30-45 pips each time. Last month we
had many traders report profits of 15-30 or more pips on this
trade. To view a video of last month’s trade, click on the
link below:
The US CPI report will be released at 8:30 am EST. For this
report, we will be focusing on the CPI Excluding Food & Energy
MoM report, which will be Row 1 on the RSS. The expectation
for this figure is 0.2%. We will be looking for a deviation of
0.2% to trigger a safe trade. A higher than expected number
would be good for the USD and would signal a sell on the GBPUSD.
This report does not typically hit our safe trigger, but can
hit our medium trigger of 0.1%. Even with a deviation of 0.1%,
we have seen moves of 30-40 pips this year. In June this trade
hit our medium trigger and we had many traders report gains of
20-40 pips. To see the video of June’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 release to get my commentary on these potential trades.
Good Luck!!!!
