Today we had a couple of trades that we were watching. The first was the US PCE Core and Personal Spending which came out at 8:30 am eastern. These releases did not trigger a trade so not much to report.
The second report we traded behaved very strange, I personally did not trade this release as the numbers were released about 12 seconds after 10am so I turned of my auto click when there was a delay. On top of that the market didn’t move near as much as I would have expected from the numbers we got.
Many people in my room followed suite and didn’t enter however there were many that still entered and picked up some pips. I have been extremely busy today so I was not able to cut the videos down however I will try and get to them next week as I will be traveling all this weekend.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the CAD GDP coming out at 8:30 am eastern. the expected number is .5 however there is some deviation among the analyst and news providers so I will be using a higher trigger than I usually use as a precaution. I will be looking for around .3 on this data. A higher than expected number signals a sell on the EUR/CAD and a lower than expected number signals a buy. This data will be out at 8:30 am eastern. If you don’t have EUR/CAD you can trade the USD/CAD instead..
Good Luck trading!!!
