TRADE CALL RECAP
Our last live trade call was this past Monday when we were
watching the UK Industrial Production report. We were looking
to short the GBPUSD if the number came out at least 0.5% worse
than expected. The number came out with a -0.7% deviation, so
it met our safe trigger. Our traders reported up to 20 pips of
profit on this particular trade. To see the video of this
trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have three opportunities for trades tomorrow as we will
have the Canadian job report and the Trade Balance reports from
both Canada and the US. The first release is the Canadian
Labor Change report, which will be released at 7:00 am EDT
tomorrow. This is one of my favorite releases as our safe
trigger is often met and we get some very good moves on this
particular release. The expectation for this report is 6.5k
jobs. A higher than expected number will be good for the CAD
and signal a short on the USD/CAD and EUR/CAD, and a lower than
expected number will be bad for the CAD and signal a long on
the USD/CAD and EUR/CAD. We will be looking for a deviation of
15k on this report to trigger a safe trade.
This report has met our safe trigger in six of the last nine
months, and we have had traders report profits of up to 60 pips
and more on each trade. We have even had traders report
profits of up to 100 pips and more on the EUR/CAD on this
release. We were not able to get a video of March’s trade, but
to see the video of February’s trade, click on the link below:
The second opportunity will be at 8:30 am EDT when the Canadian
Trade Balance and the US Trade Balance reports will both be
released. With the RSS software, we will have the ability to
trade both of these releases across multiple currencies.
Our main focus will be on the CAD Trade Balance, as we
typically see better moves if this release meets our safe
trigger. If you are only able to trade one currency pair with
your broker, you should trade the EUR/CAD for this release as
the US data is coming out at the same time. For this report,
the expected number is $5.3 Billion. A higher than expected
number will be good for the CAD and signal a short on the
EUR/CAD, and a lower than expected number will be bad for the
CAD and signal a long on the EUR/CAD. We will be looking for a
deviation of $0.8 Billion on this report to signal a safe
trade.
This report has hit our safe trigger five out of the last nine
months, and the market has moved 20-35 pips each month. This
release last met our safe trigger in May and we had traders
report profits of up to 25 pips, depending on their entries.
We did not get a video of this trade, but to see a video of
April’s trade, click on the link below:
For the US Trade Balance, the expected number is -$62.5
Billion. A higher than expected number (less negative) will be
good for the USD and signal a long on the USD/JPY and a lower
than expected number (more negative) will be bad for the USD
and signal a short on the USD/JPY. We will be looking for a
deviation of $1.5 Billion on this report to trigger a safe
trade.
This report last met our safe trigger in May, and the USD/JPY
moved approximately 15 pips.
This is our current outlook for these trades; 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 releases to get my commentary on these potential trades.
Good Luck!!!!
