TRADE CALL RECAP
Our last live trade call was this morning when we were watching
the US ISM Manufacturing report. This report did not meet our
safe trigger as we were looking for a 2.5 deviation or higher,
and the number came out only 1.7 better than expected. We did
have a few traders get in on a medium trigger and report up to
35 pips of profit. To see the video of this trade, click on
the link below:
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Trade
Balance report is released at 9:30pm EDT. The expectation for
this release is -$900 Million. We have placed a safe trigger
of $500 Million for this release. We have historically seen
moves of around 15 to 30 pips when this release has met the
safe deviation, so you will want to be careful especially if
your broker widens spreads. 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
We will have an opportunity to trade tomorrow when the US Non
Farm Payrolls report is released at 8:30 am EDT. We will focus
on the Non-Farm Payrolls figure, which is expected to be -60k
jobs. We have changed our focus on this one to the USD/JPY as
it has moved better than the GBP/USD in recent months. A
higher than expected number will be good for the USD and signal
a long on the USD/JPY, and a lower than expected number will be
bad for the USD and signal a short on the USD/JPY. We will be
looking for a deviation of 50k on this report to trigger a safe
trade.
This report last met our safe trigger in May, and we had
traders report profits of up to 75 pips on the USD/JPY. 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 releases to get my commentary on this potential trade.
Good Luck!!!!
