TRADE CALL RECAP
For our last live trade call, we were looking at the Canadian
CPI last Thursday, and we were looking to enter a long on the
EUR/CAD if the deviation met our safe trigger of -0.2%. The
actual number came out with -0.1% deviation, so it did not meet
our safe trigger and we didn’t enter this trade. We had some
traders get in on a medium trigger and report profits of up to
20 pips on the EUR/CAD. To see the video from this trade,
click on the link below:
TRADE OPPORTUNITY TONIGHT
There will be an opportunity to trade tonight when the
Australian CPI report is released at 9:30 pm EDT. Your focus
should be on the CPI All Groups Goods (QoQ) figure. The
expectation for this report is 1.1%. We have placed a safe
trigger of 0.3% for this release. When this report has met our
safe trigger in the past, the AUDUSD has moved between 50 and
60 pips recently. You will want to keep an eye on the CPI
Trimmed Mean (QoQ) number as well, as it can move the market as
well if it comes out in conflict with the other number. 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
Our next Live on the News trade call 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 40 pips of profit. To see the video of last
month’s trade, click on the following link:
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!!!!
