TRADE CALL RECAP
For my last live trade calls, we were watching the UK GDP and
US Durable Goods Orders reports that were released this
morning. Neither of these trades met our triggers, so we did
not enter based on either of the news events. To see the
videos of these news events, click on the links below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
The next trade will be at 8:30 am EST when the US GDP report is
released. Our focus will be on the GDP Annualized (QoQ)
number. The expectation for this number is 1.2%, 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 20-30 pip move on this if it meets our
safe trigger.
This report last met our safe trigger last month and the market
moved about 30 to 35 pips. To see last month’s video, 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!!!!
