Live Trade Call for September 23, 2008
Written by Dustin Pass on September 22, 2008 – 10:40 pm -TRADE CALL RECAP
For our last live trade call, we were looking at the Canadian
Retail Sales this morning, and we were looking to enter a short
on the EUR/CAD or USD/CAD if the figure came out at least 0.4%
better than expected. The actual number came out with no
deviation, so it did not meet our safe trigger and we did not
enter a trade. To see a video of the trade, click on the link
below:
http://www.tradingliveonthenews.com/vid/CADRetailSales092208/
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the Canadian
CPI is released at 7:00 am EDT. There are several components
to this release, and we will be focusing on the CAD CPI
Excluding Core 8 (YoY) figure. The expectation for this report
is 1.5%. We will be looking for a deviation of 0.2% to trigger
a safe trade. A lower than expected number will trigger a buy
on the USD/CAD or EUR/CAD.
This report last met our safe trigger in May, and we had
traders report profits of up to 35 pips on the EUR/CAD. To see
a video of May’s trade, click on the link below:
http://www.tradingliveonthenews.com/vid/CADCPI052108/
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 |