TRADE CALL RECAPS
Our last live trades were yesterday when we were watching three
news releases. First was the UK Industrial Production, and we
were looking to long the GBPUSD if the number came out at least
0.5% better than expected. The actual number came out with a
0.2% deviation, so our safe trigger was not met.
Next we were watching the Canadian and US Trade Balance
reports, with our focus on the Canadian number. We were
looking to long the EURCAD if the number came out at least 0.8%
worse than expected. The actual number came out with a -0.5%
deviation, so it did not meet our safe trigger. The US Trade
Balance came out with a deviation of -1.2%, which did not meet
the 1.5% deviation to trigger a safe trade either.
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Labor
Force Employment report is released at 9:30pm EDT. The
expectation for this release is 13.5k jobs. We have placed a
safe trigger of 20k jobs for this release. We have
historically seen moves of around 25 to 40 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
Tomorrow we will have an opportunity to trade when the US
Retail Sales report is released at 8:30 am EDT. We will be
focusing on the US Retail Sales Less Autos figure. The
expectation for this report is 0.7%. 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 December, and we had
traders report profits of up to 20 pips. 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!!!!
