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CANADIAN AND US GDP REPORTS PROVIDE UP TO 50 PIPS Our last live trade calls were this morning when we were watching the both the Canadian GDP and the US GDP reports that were released at the same time. We suggested you focus on the Canadian GDP as is typically triggers more and typically has…
TRADE CALL RECAP For our last live trade calls, we were watching the UK GDP and US Durable Goods reports last Friday. For the UK GDP we were going to trade if it met our safe deviation of 0.1%. The actual number came out with no deviation from the expected number, so it did not…
This week we have another round of data points coming out. We have GDP on Thursday and then the all important NFP report on Friday. We expect the Dollar to continue to stage a bounce and we are overall buyers of dips in the Dollar against the majors. Now that oil has backed off of…
Commodities continue to be mixed though we are nearing a point in the summer where we are expecting a bit of bounce to come across most of the commodities markets. In particular we are looking for both Grains and Energy sectors to stage a brief rally in the weeks ahead. We are not calling for…
I am looking for a continuation of the uptrend on the USDCHF. At the moment 1.0390 to 1.0400 seems to be providing some resistance. A break above this level should see a push towards the next targeted sell level at 1.0486. As the market approaches the sell area, monitor the price action for a failure…
UK RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS This morning we were watching the UK Retail Sales figures, and we were looking to short the GBP/USD if the number came out at least 0.4% worse than expected. The actual number came out with a deviation of -1.5%, so it met our safe sell…
TRADE CALL RECAP For our last live trade call, we were looking at the Canadian CPI this morning, and we were looking to enter a long on the USD/CAD if the figure came out at least 0.2% worse than expected. The actual number came out with -0.1% deviation, so it did not meet our safe…
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 long on the EUR/CAD or USD/CAD if the figure came out at least 0.4% worse than expected. The actual number came out with -0.3% deviation, so it did not…
TRADE CALL RECAP For our last live trade call, we were looking at the US CPI report last Wednesday. For the US CPI report, we were looking to enter a short on the GBP/USD if the deviation met our safe trigger of 0.1%. The actual number came out with 0.1% deviation, so it met our…
This week we are looking at consolidating the gains made last week. The S&P 500 staged an impressive bounce off of support levels and needs to consolidate those gains if it is ultimately to follow through. We expect it will follow through even in the face of still relatively high crude oil prices. I mention…
Commodities continue to consolidate as we have mentioned in recent issues. We are now seeing even the leader, crude oil, back off from its highs. While we do not in anyway think the overall bull is dead we do suspect he is tired and looking for a mid summer nap. Freddie and Fannie seem to…
TRADE CALL RECAPS Our last live trade calls were for the UK CPI and the US Retail Sales reports that were released this morning. For the UK CPI, we were looking to long the GBPUSD if the release came out at least 0.2% better than expected on the Harmonized YoY figure. That figure came out…