CANADIAN CPI PROVIDES UP TO 30 PIPS FOR TRADERS
For our last live trade call, we were looking at the Canadian
CPI this morning, and we were looking to enter a short on the
EUR/CAD if the deviation met our safe trigger of 0.2%. The
actual number came out with 0.2% deviation, so it met our safe
trigger. We had several traders report getting in and they
reported profits of up to 30 pips on the USD/CAD or EUR/CAD.
To see the video from this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have two good opportunities for trades tomorrow. The
first opportunity will be on the UK Retail Sales Report that
will be released tomorrow at 4:30 am EDT. The expected number
for this report is -0.5%. A higher than expected number will
be good for the GBP and signal a long on the GBP/USD, and a
lower than expected number will be bad for the GBP and signal a
short on the GBP/USD. We will be looking for a deviation of
0.5% on this report to trigger us into a safe trade. We may
decide to lower the trigger tomorrow as we have seen some
better moves on this report recently, even with lower triggers.
This release has met our safe trigger in six out of the last
nine months, and the market has moved between 30 and 90 pips
each time. It last met our safe trigger in March and provided
traders with up to 70 pips of profit. To see the video of
March’s trade, click on the following link:
The second trade opportunity will be on the Canadian Retail
Sales Report that will be released tomorrow at 8:30 am EDT.
Our focus will be on the Retail Sales Less Autos figure. The
expected number for this report is 0.4%. 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 0.4% on this
report to trigger a safe trade.
This report met our safe trigger last month and provided
traders with up to 50 pips of profit. To see the video of last
month’s trade, click on the following link:
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!!!!
