I wanted to recap what we did on the last live trade calls and give you the criteria for a possible trade tomorrow. The last trade calls I sent out covered two reports this morning that came out at the same time.
First up was the US Trade Balance. We were looking at a safe deviation of $1.5 Billion for this release. The actual report came out with no deviation from the expectation, so our trigger was not hit and we did not enter this trade.
Second was the Canadian Trade Balance report. We were looking to trade with a deviation of $.8 Billion or more. The actual deviation came out with a positive $.4 Billion, so our trigger was not hit and we did not enter this trade either. You can view the video of these trades at the following link:
TRADING OPPORTUNITY TONIGHT!
There is another NZD news release coming out tonight at 6:45 pm EDT. The NZD Retail Sales Report is coming out, and is expected to be 0.5%. I have set a safe trigger on the RSS for a deviation of 0.3%. We have seen moves of 20-40 pips on this release with a deviation of 0.3% and higher. I will not have the Live Trade Room open, but I wanted to make you aware of this potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US Retail Sales report is released at 8:30 am EDT. The expectation for the Adjusted Retail Sales Less Autos will be 0.2%. We will be looking for a deviation of 0.7% to trigger a safe trade. A higher than expected number would be good for the USD and would signal a short on the GBP/USD, and a lower than expected number would be bad for the USD so that would signal a long on the GBP/USD.
Last month this trade hit our medium trigger and we had several traders that made between 10-20 pips. To see the video of last month’s trade, click on the following link:
Good Luck!!!!
