Our next live news trade call is going to be tomorrow at 8:30 am EDT. We will have Canadian Retail Sales, which is expected to be 0.3%, and it should be a pretty good release. We have set our safe trigger on this release at 0.4%. We will be trading the USDCAD currency pair or the EURCAD currency pair. A lower than expected number will be bad for the CAD and signal a long on the USDCAD. This release has met our safe triggers in five out of the last eight months. This release met our safe trigger last month and we had traders report up to 29 pips of profit on the trade.
To see a video of last month’s trade please 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!!!!
