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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…
TRADE CALL RECAPS Our last live trades were last Friday when we were watching three news releases. First was the Canadian Labor Change report, and we were looking to long the USDCAD or EURCAD if the number came out at least 15k worse than expected. The actual number came out with a -13k deviation, so…
TRADING OPPORTUNITY LATER TODAY There is an opportunity to trade later today when the New Zealand Retail Sales report is released at 6:45 pm EDT. Our focus is on the Retail Sales All Industries figure, and the expectation for this report is -0.1%. We have placed a safe trigger of 0.3% for this release. When…
TRADE CALL RECAP Our last live trade call was this past Monday when we were watching the UK Industrial Production report. We were looking to short the GBPUSD if the number came out at least 0.5% worse than expected. The number came out with a -0.7% deviation, so it met our safe trigger. Our traders…
TRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Labor Force Employment report is released at 9:30 pm 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 week all eyes are focused on The BOE. Will they follow the lead of the ECB or continue to be the lapdog of the FOMC? We expect the ladder, while wishing for the former as we feel that is the right thing to do. We have a number of other important reports coming out…
This week we are seeing signs that some of the froth in commodities may finally be coming out. While we remain long term bulls of the overall commodity sector, we feel at this time that many of the commodities are overbought or in the case of energy, in a bubble. That is not to say…
TRADE CALL RECAP Last Friday we were watching the US Non-Farm Payrolls, and we were looking to short the USDJPY if the number came out at least 50k worse than expected. The actual deviation was only 2k jobs, so it did not meet our safe trigger and we did not enter a trade. OUR NEXT…
TRADE CALL RECAP Our last live trade call was this morning when we were watching the US ISM Manufacturing report. This report did not meet our safe trigger as we were looking for a 2.5 deviation or higher, and the number came out only 1.7 better than expected. We did have a few traders get…
TRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD Retail Sales report is released at 9:30pm EDT. The expectation for this release is 0.1%. We have placed a safe trigger of 0.4% jobs for this release. We have historically seen moves of around 25 to 40 pips when this release has…