TRADE CALL RECAP
For our last live trade call, we were watching the US Durable
Goods report this morning. We were going to sell the USDJPY if
the number came out at least 2.0% worse than expected. The
actual number came out with a -2.5% deviation, so it met our
safe trigger and we got in a trade. We had several traders
report profits of up to 25 pips on this particular release,
depending on their entries. To see a video of this trade,
click on the link below:
http://www.tradingliveonthenews.com/vid/USDurableGoods092508/
TRADE OPPORTUNITY LATER TODAY
There is an opportunity to trade later today when the New
Zealand GDP report is released at 6:45 pm EDT. Our focus is on
the GDP (QoQ) figure, and the expectation for this report is
0.5%. We have placed a safe trigger of 0.2% for this release.
When this report has met our safe trigger in the past, the
NZDUSD has moved between 35 and 60 pips each time. Be very
cautious as the YoY figure could impact the trade if it comes
out in conflict with the QoQ figure. Also, we would recommend
additional caution in these uncertain market conditions. We
will not have the Live Trade Room open, but I wanted to make
you aware of this potential trade opportunity, if you wish to
try to trade it.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US GDP
report is 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 we had reports of up to 35
pips of profit from our traders. To see the video from last
month, 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!!!!
