TRADE CALL RECAP
For our last live trade call, we were watching the US Durable
Goods report this morning. We were going to trade if the
deviation was 2.5% or higher. The actual number came out with
a 0.1% deviation, so it did not meet our trigger and we did not
get in a trade on this release.
TRADE OPPORTUNITY TONIGHT
There will be an opportunity to trade tonight when the NZD
Current Account Balance report is released at 6:45 pm EDT. The
expectation for this release is -$1.7 Billion. We have placed a
safe trigger of $0.5 Billion on the RSS for this particular
release. You can expect a 30-40 pip move if this report meets
our safe trigger and there is no conflicting revision. We will
not have the Live Trade Room open, 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 GDP
report will be released at 8:30 am EDT. Our focus will be on
the GDP Annualized (QoQ) number. The expectation for this
number is 1.0%, and we will be looking for a deviation of at
least 0.4% to trigger a safe trade. A higher than expected
number would be good for the USD. We can expect a 20-30 pip
move on the GBPUSD this if it meets our safe trigger. This
report last met our safe trigger in January and the market
moved about 30 to 35 pips. To see the video from January,
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 the trade.
Good Luck!!!!
