The last set up numbers we were watching for a potential Trade were the US ISM Manufacturing. The release did not hit our triggers so not much to discuss. There were some technical issues with the recording and all I got was the audio so I have no video to post.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow could be a great day as we have UK Industrial Production coming out as well as the CAD employment numbers both of which could be blockbuster trades if our triggers are struck.
The UK Industrial Production is expected at .2%. If the actual release deviates from the expected by .5 or more I will consider this to be tradable for 25+ pips. This is slowly becoming one of my favorite trades. A higher than expected number would signal a buy on the GBP/USD and a lower than expected number would signal a sell.
If you have been following my calls for a while you may notice that I have lowered my trigger for this trade. The market has began to react to this data very well so I have adapted my triggers by lowering them to suite recent market activity.
The next release I will be watching is the CAD Employment Figures which is one of the best movers out there next to the Non Farm however it is my opinion that the Cad employment numbers are much safer to trade as they are less volatile.
This is currently my favorite release and for those of you that Were in the recent webinar that I hosted should be familiar with the consistency of this trade as we covered it in-depth for the last 8 months.
This release is expected at 6.1% and if it deviates by 15% or more it will likely provide a move of no less than 30 pips. I will trade the USD/CAD and the EUR/CAD simultaneously and a higher than expected number will signal a sell and lower than expected number will signal a buy.
If you would like to read an article I wrote outlining this particular release you can read it at the following page.
Both of the above trades have the potential to move the market a great deal so I hope for a big day.
