Live Trade Call for October 16, 2008
Written by Dustin Pass on October 15, 2008 – 5:02 pm -TRADE CALL RECAP
Our last live trade call was on the US Retail Sales report that
was released this morning. For the US Retail Sales Less Autos
report, we were looking to short the USD/JPY if the number came
out at least 0.5% worse than expected. The actual number came
out with a deviation of -0.4%, so it did not meet our safe
trigger and we did not enter this trade. To see a video of
this trade, click on the link below:
http://www.tradingliveonthenews.com/vid/USRetailSales101508/
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US CPI
report is released at 8:30 am EDT. Our focus will be on the
CPI Less Energy (MoM) figure. The expectation for this report
is 0.2%. We will be looking for a deviation of 0.1% to trigger
a safe trade.
This report has met our safe trigger five times this year, and
the GBP/USD has moved approximately 15-40 pips each time. This
report last met our safe trigger in August and we had traders
report up to 15 pips of profit, depending on their entries. To
see the video of August’s trade, click on the link below:
http://www.tradingliveonthenews.com/vid/USCPI081408/
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!!!!
Posted in CAD News Data |