TRADE CALL RECAPS
Our last live trades were this morning when we were watching
three news releases. First was the UK CPI report, and we were
looking to long the GBPUSD if the number came out at least 0.2%better than expected. The actual number came out with a 0.2%
deviation, so our safe trigger was met and we entered this
trade. We had some traders report profits of up to 35 pips,
depending on their entries. To see a video of this trade,
click on the link below:
Next we were watching the Canadian and US Trade Balance
reports, with our focus on the Canadian number. We were
looking to short the EURCAD if the number came out at least
$0.8 Billion better than expected. The actual number came out
with a $0.04 Billion deviation, so it did not meet our safe
trigger. The US Trade Balance came out with a deviation of
$5.7 Billion, which met the $1.5 Billion deviation to trigger a
safe trade, but we only had a small move of 10-15 pips on this
release. This is why we are focusing more on the Canadian
Trade Balance figure. We did not get a video of this trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live trade opportunity will be when the US Retail
Sales report is released at 8:30 am EDT tomorrow. We will be
focusing on the US Retail Sales Less Autos figure. The
expectation for this report is 0.5%. We will be looking for a
deviation of 0.5% on this report to trigger a safe trade. A
better than expected number will be good for the USD and signal
a buy on the USD/JPY.
This report last met our safe trigger in June, and we had
traders report profits of up to 20 pips. We did not get a video
of that particular release. Prior to that, the last safe
trigger came in December 2007. To see a video of December’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 this potential trade.
Good Luck!!!!
