TRADE CALLS RECAP
Last Friday we were watching two releases for potential
trades. The first was the Canadian Labor Change Report, and we
were looking to short the EURCAD or USDCAD if the number came
out at least 15k better than expected. The actual deviation
was only 5.2k jobs, so it did not meet our safe trigger and we
did not enter a trade. To see a video of this trade, click on
the link below:
For the second opportunity, we were watching the US Non-Farm
Payrolls release, and we were going to short the USD/JPY if the
number came out at least 50k worse than expected. The actual
deviation was only -9k, so again it did not meet our triggers
and we did not enter a trade. To see the video for this trade,
click on the link below:
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Retail
Sales report is released at 9:30 pm EDT. The expectation for
this release is 0.5%. We have a safe trigger of 0.4% set for
this release, as we have historically seen moves of around 30
to 40 pips when this release has met this safe deviation.
There is some additional data coming out at the same time (AUD
Home Loans), so you will want to be aware of that if that data
comes out in conflict with the Retail Sales report. We will
not have the Live Trade Room open for this trade, but we wanted
to make you aware of the opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the UK
Industrial Production report is released at 4:30 am EDT. We
will be focusing on the Industrial Production (MoM) figure. The
expectation for this report is -0.1%. We will be looking for a
deviation of 0.5% on this report to trigger a safe trade. A
better than expected figure will trigger a buy on the GBP/USD.
This report last met our safe trigger in July, and we had
traders get in and report profits of up to 20 pips, depending
on their entries. We do not have a video of that release, but
to see a video of last November’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!!!!
