Trade Calls for August 21, 2008
Written by Dustin Pass on August 20, 2008 – 3:24 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 a 0.8%
deviation, so it met our safe trigger. We had several traders
report getting in and they reported profits of up to 18 pips on
the trade, depending on their entries. To see a video of the
trade, click on the link below:
http://www.tradingliveonthenews.com/vid/CADRetailSales072208/
OUR NEXT LIVE ON THE NEWS TRADE CALLS
Tomorrow we will have two opportunities for trades. The first
live trade opportunity will be on the UK Retail Sales Report
that will be released tomorrow at 4:30 am EDT. We will focus
on the Retail Sales (MoM) figure, and the expected number for
this report is -0.3%. 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 0.4% on
this report to trigger us into a safe trade.
This release has met our safe trigger in eight out of the last
twelve months, and the market has moved between 30 and 90 pips
each time. It met our safe trigger last month and provided
traders with up to 35 pips of profit. To see the video of last
month’s trade, click on the following link:
http://www.tradingliveonthenews.com/vid/UKRetailSales072408/
The second live trade opportunity will be on the Canadian CPI
which will be released at 7:00 am EDT tomorrow. 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 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!!!!
Posted in UK News Data |