TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Trade
Balance report is released at 7:30 pm EST. Your focus should
be on the AUD Trade Balance Goods figure, which will be Row 1
of the RSS and is expected to be -$2.5 Billion. We have placed
a safe trigger of $500 Million for this release. Many times,
this release comes out at the same time as the Retail Sales
figure and the market has tended to go the direction of the
Retail Sales number. However, tonight the Trade Balance will
be on its own. The last time this release met our trigger when
it did not come out at the same time as the Retail Sales
number, we saw a 30 pip move. I would recommend that you use
the safe trigger for this release as it will be more likely to
provide the kind of move we want. 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 UK Trade
Balance that will be released tomorrow at 4:30 am EST. The
expected number for this report is -$7.225 Billion. A higher
than expected number (less negative) will be good for the GBP
and signal a long on the GBP/USD, and a lower than expected
number (more negative) will be bad for the GBP and signal a
short on the GBP/USD. We will be looking for a deviation of
$900 Million on this report to trigger us into a safe trade.
This report has had less of an impact on the market lately, and
we have increased our trigger as a result. This report just
missed our safe trigger in November and the market moved
approximately 20 pips. We had some traders get in with a
medium trigger and report minimal profits of 5 to 10 pips. To
see the video of November’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!!!!
