TRADE CALL RECAP
Our last live trade call was this morning when we were watching
the US ISM Manufacturing report. This report did not meet our
trigger as we were looking for a 2.5 deviation or higher, and
the number came out only 0.6 better than expected.
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Retail
Sales is released at 9:30pm EDT. Your focus should be on the
AUD Retail Sales (MoM) figure, which is expected to be 0.3%.
We have placed a safe trigger of 0.4% for this release. We
have historically seen moves of around 25 pips when this
release has had a deviation of 0.4% or higher. We will not
have the Live Trade Room open for this trade, but I wanted to
make you aware of the opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Our next opportunity for a live trade call is tomorrow morning
when the US Non-Farm Payrolls report is released at 8:30 am
EDT. We will focus on the Non-Farm Payrolls figure, which is
expected to be -80k jobs. We have changed our focus on this
one to the USD/JPY as it has moved better than the GBP/USD in
recent months. A higher than expected number will be good for
the USD and signal a long on the USD/JPY, and a lower than
expected number will be bad for the USD and signal a short on
the USD/JPY. We will be looking for a deviation of 50k on this
report to trigger a safe trade.
This report last met our safe trigger in March, and we had
traders report profits of up to 60 pips on the USD/JPY. To see
a video of March’s trade, click on the link below:
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!!!!
