OUR LAST LIVE ON THE NEWS TRADE CALL
Today was fairly uneventful as the CAD CPI did not hit our triggers however the RSS kept us from entering into a losing trade. This is a great example of why it is necessary to do ample research on historic moves so that we have a good indication of how much the market will move based on a given deviation. To see today’s trade follow the link below.
CAD CPI
There is not a lot going on tomorrow that I consider tradable news so I will be on the sidelines. The Gross Domestic Product will be released tomorrow for the NZD and this will probably move the market quite a bit however I am still not real comfortable trading this countries releases as we tend to get there data late on occasion.
If you would like to trade this data I will just give you a Trade direction assuming you are trading the NZD/USD . The Expected number is .5% and a higher than expected number will be good for the NZD and will strengthen there currency against the dollar resulting in a move up on the currency pair. So I would buy the NZD/USD if the data comes out higher than expected. Of course If it comes out lower than expected the opposite would apply.
Good Luck trading!!!
