The next report is the US Durable Goods report, which will be released at 8:30 am EDT tomorrow. For the US Durable Goods New Orders, which will be Row 1, the expected number is 0.7%. 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 3.0% on this report to trigger a safe trade.
We have recently updated the triggers to more conservative numbers as we have seen diminished moves on this report in recent months. This report last met our safe trigger in August, and we had traders get in and report small profits or a small loss of up to 10 pips.
To see a video of August’s trade, click on the link below: 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 the trades.
Good Luck!!!!
