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TRADERS REPORT 50+ PIPS ON UK CPI REPORT Our last live trade call was for the UK CPI report that was released this morning. We were looking to long the GBP/USD if the number came out at least 0.2% better than expected. The actual number came out with a deviation of 0.4%, so it did…
This week we have a number of important reports coming out. CPI, being one of the key reports coming out. We expect CPI will show more inflationary pressures building. We also have a week full of Fed. speakers. We expect they will try to jawbone the Dollar higher by commenting on inflation. Look for any…
Commodities continue to try and hold these high levels but as a whole we see more and more cracks in the armor. With the exception of Crude Oil and Rice, most other major commodities are already well off of their highs. We continue to see a consolidation taking shape over the coming months and perhaps…
USDCAD Yesterdays posted level on the CAD of the 1.0019 area, give or take 5 to 10 pips, for buys has paid out nicely. The low yesterday was around 1.0023 and made a recovery back to the 1.0090’s. This combo can be a tricky pair to trade and congratulations on those that took advantage of…
ANOTHER LIVE ON THE NEWS TRADE CALL TODAY I did not mention in yesterday’s e-mail that we will have another opportunity to trade today when the US Retail Sales report is released at 8:30 am EDT. We will be focusing on the US Retail Sales Less Autos figure. The expectation for this report is 0.2%. We…
TRADE CALL RECAP Our last live trades were last Friday when we were watching the Canadian Labor Change Report and the Canadian and US Trade Balance reports. For the Canadian Labor Change report, we were looking for a 15k deviation, but there was only a 9.2 deviation, so we didn’t enter that trade. For the…
GBPUSD As we begin a new week new Bank Flow levels begin to emerge. The first level I would like to post this week is on the GBPUSD at the 1.9723 to 1.9735 area for sells. This area should provide some resistance for an intraday target of 40 -80 pips. For those traders that can…
As you can see in the chart below, the level posted earlier on the USDCHF at the 1.0387 area has held and the pair has now moved to our intraday target levels and beyond for a minimum of 40 pips. If you continue to hold this trade, be sure to lock in profit to avoid…
It has not been an especially active week for posting trades to this forum. We started out the week with a bang with 178 pips captured. However, since then I have not been comfortable posting any new levels. If you have spent any time at trading currencies you know that overtrading can be your worst…
TRADE CALL RECAP Our last live trade call was this past Wednesday when we were watching the UK Industrial Production report. This report did not meet our safe trigger as we were looking for a 0.5% deviation or higher, and the number came out only 0.4% worse than expected. We did have a few traders…
TRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Labor Force Employment report is released at 9:30pm EDT. The expectation for this release is 10k jobs. We have placed a safe trigger of 20k jobs for this release. We have historically seen moves of around 25 to 40 pips when this…
EURUSD Update: Yesterday on the EURUSD I posted the 1.5578 area to watch for sells. The level was hit with a short spike though and has now fallen nicely to 1.5470. Where it would have been nice to take the full run our intraday target of 40 – 80 pips was met and the trade…