TRADE CALL RECAP
Our last live trade call was for the US Retail Sales report
this morning. We were looking to long the GBP/USD if the
number came out at least 0.3% worse than expected. The actual
number came out with no deviation, so it did not meet our safe
trigger. To see a video of the trade, click on the link below:
TRADING OPPORTUNITY LATER TODAY
There will be an opportunity to trade later today when the NZD
CPI report is released at 6:45 pm EDT. The expectation for
this report is 0.8%. We have placed a safe trigger of 0.2% for
this release. This report has met our safe the last three
quarters and the NZD/USD has moved between 30 and 45 pips each
time. We will not have the Live Trade Room open, but I wanted
to make you aware of this potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK CPI
report is released at 4:30 am EDT. There are several
components to this release, and we will be focusing on the UK
CPI (EU Harmonized YoY) figure. The expectation for this
report is 2.6%. We will be looking for a deviation of 0.2% to
trigger a safe trade. We seldom get a safe trigger, but we can
get some good moves when our medium trigger of 0.1% is met.
This release has at least met our medium trigger in seven out
of the last eight months, and we have seen moves of 20 to 80
pips each month.
This report last met our medium trigger in February, and the
market moved approximately 50 pips. We do not have a video of
this particular trade.
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 this potential trade.
Good Luck!!!!
