UK RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS
This morning we were watching the UK Retail Sales figures, and
we were looking to short the GBP/USD if the number came out at
least 0.4% worse than expected. The actual number came out
with a deviation of -1.5%, so it met our safe sell trigger and
many traders entered this trade. We received reports of up to
35 pips of profit on the GBP/USD, depending on entries. To see
the video from this trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have two opportunities for trades tomorrow. The first
opportunity will be on the UK GDP Report that will be released
at 4:30 am EDT. The expected number for this report is 0.4%.
A higher than expected number will be good for the GBP and
signal a long on the GBP/USD, and a lower than expected number
will be bad for the GBP and signal a short on the GBP/USD. We
will be looking for a deviation of 0.2% on this report to
trigger us into a safe trade. We may decide to lower the
trigger tomorrow as this report seldom meets our safe trigger.
We have seen moves of 25 to 50 pips on a medium trigger
recently.
This report last met our medium trigger of 0.1% last month and
provided traders with up to 25 pips of profit, depending on
their entry. To see the video of last month’s trade, click on
the following link:
The next trade opportunity will be on the US Durable Goods
report that will be released at 8:30 am EDT. We will be
focusing on the US Core Durable Goods figure, which is expected
to be -0.2%. We will be looking for a deviation of 2.5% on
this report to trigger a safe trade. A higher than expected
number will trigger a buy on the USD/JPY. This report last met
our safe trigger in May, and the market moved about 40 pips on
the USD/JPY. We do not have a video of this particular trade.
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!!!!
