TRADE CALL RECAP
This morning we were watching the US Retail Sales report, and
looking for a safe trigger of 0.5% to enter a sell on the
GBP/USD. The actual number came out with a deviation of 0.1%,
so we did not enter this trade. To see the video from this
trade, click on the link below:
TRADING OPPORTUNITY LATER TODAY
There is an opportunity to trade tonight when the Australian
Labor Force Employment report is released at 7:30 pm EST. The
expectation for this report is be 15k jobs. We have placed a
safe trigger of 20k for this release. When this report has met
our safe trigger in the past, the AUDUSD has moved between 25
and 40 pips each time. 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 CALLS
The next LOTN trades will be tomorrow when the Canadian Trade
Balance and the US Trade Balance reports will both be released
at 8:30 am EST. With the RSS software, we will have the
ability to trade both of these releases across multiple
currencies.
Our main focus will be on the CAD Trade Balance, as we
typically see better moves if this release meets our safe
trigger. If you are only able to trade one currency pair with
your broker, you should trade the EUR/CAD for this release as
the US data is coming out at the same time. For this report,
the expected number is $3.4 Billion. A higher than expected
number will be good for the CAD and signal a short on the
EUR/CAD, and a lower than expected number will be bad for the
CAD and signal a long on the EUR/CAD. We will be looking for a
deviation of $0.8 Billion on this report to signal a safe
trade.
This report has hit our safe trigger three out of the last five
months, and the market has moved 25-35 pips each month. This
release last met our safe trigger in December and we had
traders report profits of up to 30 pips, depending on their
entries. To see a video of December’s trade, click on the link
below:
For the US Trade Balance, the expected number is -$61.5
Billion. A higher than expected number (less negative) will be
good for the USD and signal a short on the GBP/USD and a lower
than expected number (more negative) will be bad for the USD
and signal a long on the GBP/USD. We will be looking for a
deviation of $1.5 Billion on this report to trigger a safe
trade. This report met our safe trigger last month, and the
market moved approximately 20 pips. To see a video of last
month’s trade, click on the link below:
This is our current outlook for these trades; 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 these potential trades.
Good Luck!!!!
