TRADE CALL RECAP
Our last live trade call was for the US Retail Sales report
that was released this morning. We were looking to long the
USD/JPY if the number came out at least 0.5% better than
expected. The actual number came out with a deviation of 0.5%,
so it did meet our safe trigger, and we had many traders who
entered this trade and reported profits of up to 20 pips on
this trade.
TRADING OPPORTUNITY LATER TODAY
There will be an opportunity to trade later today when the NZD
Retail Sales report is released at 6:45 pm EDT. The
expectation for this report is 0.4%. We have placed a safe
trigger of 0.3% for this release. The NZD/USD typically moves
between 20 and 40 pips when it meets our safe trigger. We will
not have the Live Trade Room open, but I wanted to make you
aware of this potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US CPI
report will be released at 8:30 am EDT. We will be focusing on
the US CPI Excluding Food & Energy figure. The expectation for
this report is 0.2%. We will be looking for a deviation of
0.1% on this report to trigger a safe trade.
We have lowered the safe trigger recently on this release as we
have seen moves of 30 to 40 pips when it meets the 0.1%
trigger. This report met our safe trigger last month and we
had traders report profits up to 25 pips on the trade,
depending on their entries. We had a couple of traders that
were entered at bad prices and took small losses. To see a
video of last month’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!!!!
