OUR LAST LIVE ON THE NEWS TRADE CALL
Today we had a couple of release that we were watching all of which missed our triggers with the exception of the CAD trades unfortunately we were not trading that in the room because there were quite a few different releases that could have affected the market so we traded the US data which missed our triggers.
To see the video for the UK GDP follow this link
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have the PCE Core m/m figure which will have more of an affect than the PCE Core q/q which was released today. In addition to that Personal spending will also have a substantial affect if it deviates enough. My main focus will be the Durable Goods ex Transportation which is expected at 1.0%.
I will be looking for around 1.5% in deviation and will keep a close eye out for any revisions as they are common. When the US PCE Core and Personal Spending come out on there own I like to see around .2% in deviation for a safe trade on those releases so as long as they are not conflicting we should get a good move. If they conflict at all I will look to exit unless the durable goods exceeds our triggers by a great deal.
If they are in agreement this could turn out to be a great trade. this data will be released at 8:30am eastern and I will be trading the GBP/USD. A higher number signals a sell on the GBP/USD and a lower than expected number signals a buy. If our triggers are hit I will expect around 20 pips possibly more if the other releases are in agreement, as I said keep an eye out for revisions as well.
Good Luck trading!!!
