TRADE CALL RECAP
For our last live trade call, we were watching the US Durable
Goods report this morning. We were going to buy the USDJPY if
the deviation was 2.5% or higher. The actual number came out
with a 1.4% deviation, so it did not meet our trigger and we
did not get in a trade on this release.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US GDP
report will be released at 8:30 am EDT. Our focus will be on
the GDP Annualized (QoQ) number. The expectation for this
number is 2.7%, and we will be looking for a deviation of at
least 0.4% to trigger a safe trade. A higher than expected
number would be good for the USD. We can expect a 30-50 pip
move on the GBPUSD this if it meets our safe trigger. This
report last met our safe trigger last month and the GBPUSD
moved approximately 70 pips. We do not have a video of that
particular release, but in January the market moved about 30 to
35 pips after meeting our safe trigger. To see the video from
January, 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 trade.
Good Luck!!!!
