I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the Canadian Retail Sales report.
The plan for the Canadian Retail Sales was to go long on the USD/CAD if the release came out lower than expected by .3% or more. The actual deviation was -.5%, so it did trigger our safe trigger and many of our traders made over 20 pips of profit on the trade.
To see the video of this trade click on the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the US Durable Goods report, which is expected at .3% and will be released at 8:30 am Eastern. A higher than expected number would be good for the US dollar and would signal a short on the GBP/USD, and a lower than expected number would be bad for the US dollar so that would signal a long on the GBP/USD.
I would like to see around 1.5% in deviation to make sure that this is a good mover. In the past we have seen moves of 25 and more pips with this deviation and higher. In March our safe trigger was hit and the market moved approximately 25 pips. If you would like to see March’s video of this news release and the transcripts you can click the following link:
Good Luck!!!!
