TRADE CALL RECAP
For our last live trade call, we were looking at the Canadian
Retail Sales this morning, and we were looking to enter a long
on the EUR/CAD or USD/CAD if the figure came out at least 0.4%
worse than expected. The actual number came out with -0.3%
deviation, so it did not meet our safe trigger. We had several
traders report getting in on a medium trigger of 0.3% and they
reported profits of up to 20 pips on the trade. To see a video
of the trade, click on the link below:
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the Australian
CPI report is released at 9:30pm EDT. The expectation for the
CPI All Groups figure is 1.6%. We have placed a safe trigger
of 0.3% for this release. We have historically seen moves of
around 25 to 60 pips when this release has met the safe
deviation. Watch closely for the other data that comes out at
the same time to make sure it is not in conflict with the All
Groups figure. If it is, you may want to close the trade
quickly. 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 CALL
Our next live trade opportunity will be on the Canadian CPI
which will be released at 7:00 am EDT tomorrow. There are
several components to this release, and we will be focusing on
the CAD CPI Excluding Core 8 (YoY) figure. The expectation for
this report is 1.6%. We will be looking for a deviation of
0.2% to trigger a safe trade. A lower than expected number
will trigger a buy on the USD/CAD or EUR/CAD.
This report last met our safe trigger in May, and we had
traders report profits of up to 35 pips on the EUR/CAD. To see
a video of May’s trade, 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 this potential trade.
Good Luck!!!!
