CANADIAN GDP PROVIDES UP TO 50 PIPS OF PROFIT For our last Live on the News event, we were watching the Canadian GDP report last Friday. We were looking to long the USD/CAD or EUR/CAD if the report came out at least 0.2% worse than expected. The number came out with a deviation of -0.2%,…
TRADE CALL RECAP For our last live trade call, we were watching the US GDP report that was released this morning. We were going to trade if the deviation was 0.4% or higher. The actual number came out with no deviation, so it did not meet our trigger and we did not get in a…
This week has seen a lot of ranging on many pairs. Now towards the end of the week there seems to be enough movement for me to be able to post some trade levels. I have some levels on both the EURUSD and USDCHF. At the time of this post the EUR is at 1.5560…
TRADE CALL RECAP For our last live trade call, we were watching the UK GDP report that was released last Friday. We were going to trade if the deviation was 0.1% or higher. The actual number came out with no deviation, so it did not meet our trigger and we did not get in a…
CANADIAN RETAIL SALES PROVIDES UP TO 30 PIPS OF PROFIT This morning we were watching two reports. The first was the UK Retail Sales report, and we were looking to buy the GBPUSD if the number came out at least 0.5% better than expected. The actual number came out with a 0.3% deviation, so it…
CANADIAN CPI PROVIDES UP TO 30 PIPS FOR TRADERS For our last live trade call, we were looking at the Canadian CPI this morning, and we were looking to enter a short on the EUR/CAD if the deviation met our safe trigger of 0.2%. The actual number came out with 0.2% deviation, so it met…
WORKING TOGETHER WE ACCOMPLISH MORE I know some of you may have some questions as to why/how I am able to get such great rebates and sign on bonuses for our traders opening trading accounts. So I thought I would explain how the forex world goes around real quickly here. INTRODUCING… THE REFERRING AGENT First,…
OUR NEXT LIVE ON THE NEWS TRADE CALL Tomorrow we will have an opportunity to trade when the Canadian CPI is released at 7:00 am EDT. There are several components to this release, and we will be focusing on the CAD CPI Excluding Core 8 (YoY) figure. The expectation for this report is 1.3%. We…
General Market Comments: This week we have little in the way of major reports. The Dollar is trying to hold onto its bid but we see signs that the Dollar may pullback to retest prior lows in the near term. In a macro sense the Dollar continues to put in a bottom but on a…
Commodities remain the darling of the investment world. Let me briefly comment on something currently in the media. There is talk that speculators are responsible for the high price of Crude oil and other commodities. The people who make this argument clearly do not understand how markets work. Speculators are not responsible for the high…
USDCAD The CAD has made a nice effort to make it down to my previously posted level at the .9920 area. While .9970 gave it a tough battle for a while it was able to squeeze lower to .9940 missing the lower buy area by 20 pips. The .9920 area still remains valid but I…
US CPI REPORT PROVIDES UP TO 25 PIPS OF PROFIT Our last live trade call was for the US CPI report this morning. We were looking to long the GBP/USD if the number came out at least 0.1% worse than expected. The actual number came out with a -0.1% deviation, so it met our safe…