TRADE CALL RECAPS
Our last live trades were this morning when we were watching
the Canadian and US Trade Balance reports that were released at
the same time, with our focus on the Canadian number. We were
looking to long the EURCAD if the number came out at least $0.8
Billion worse than expected. The actual number came out with
a -$0.7 Billion deviation, so it did not meet our safe
trigger.
The US Trade Balance came out with a deviation of -$4.2
Billion, which met the $1.5 Billion deviation to trigger a safe
trade, but we only had a small move of 10-15 pips on the USDJPY
on this release. This is why we are focusing more on the
Canadian Trade Balance figure. To see a video of this trade,
click on the link below:
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the NZD Retail
Sales report is released at 6:45pm EDT. The focus should be on
the Retail Sales All Industries figure, and the expectation for
this release is -0.3%. We have placed a safe trigger of 0.3%
for this release. We have historically seen moves of around 25
to 45 pips when this release has met the safe deviation. 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 when the US Retail
Sales report is released tomorrow at 8:30 am EDT. We will be
focusing on the US Retail Sales Less Autos figure. The
expectation for this report is 0.5%. We will be looking for a
deviation of 0.5% on this report to trigger a safe trade. A
better than expected number will be good for the USD and signal
a buy on the USD/JPY.
This report last met our safe trigger in June, and we had
traders report profits of up to 20 pips. We did not get a video
of that particular release. Prior to that, the last safe
trigger came in December 2007. To see a video of December’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!!!!
