TRADE CALL RECAP
Our last live trade call was on the US Retail Sales report that
was released this morning. For the US Retail Sales Less Autos
report, we were looking to short the USD/JPY if the number came
out at least 0.5% worse than expected. The actual number came
out with a deviation of -0.1%, so it did not meet our safe
trigger and we did not enter this trade. To see a video of
this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US CPI
report will be released at 8:30 am EDT. We will be focusing on
the US CPI Excluding Food & Energy figure. The expectation for
this report is 0.2%. We will be looking for a deviation of
0.1% on this report to trigger a safe trade. For this trade,
we will focus on the GBP/USD.
We have lowered the safe trigger recently on this release as we
have seen moves of 30 to 40 pips when it meets the 0.1%
trigger. However, when this report last met our safe trigger
last month we had traders report small profits of up to 10 pips
on the trade and some reported small losses, depending on their
entries. To see a video of last May’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!!!!
