If you got the recent promo that I sent out you already know what happened on the last release we were watching but as part of tomorrows call I will recap.
OUR LAST LIVE ON THE NEWS TRADE CALL.
We were watching the US CPI and the plan was to buy the GBP/USD if the data came out lower than expected by .2 or more. Our triggers were hit and a great move followed. I personally was testing the RSS to see if I could get in on more than one currency and on more than one dealing station simultaneously.
Again it was a huge success and I was able to get executed on 3 currencies across two stations resulting in two trades the were Over 40 pips each and one that was over 15 pips. I can’t tell You how excited I am. To see the video you can follow the link below. To see the actual entries you can fast forward to around Four and a half minutes in.
US CPI
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will be watching the CAD CPI ex Core which will be released at 7:00am eastern and is expected at .2%. I will be looking for around .2 in deviation but in all honesty I will be much more comfortable with .3 as it has moved the market much better.
I will also keep an eye on the regular monthly figure as it can Have an impact as well however the ex Core number tends to be the deciding factor in the move. Revisions are not an issue so I will not worry to much about that.
A higher than expected number signals a sell on the USD/CAD and a lower than expected number signals a buy. If it hits .2 we will expect around 20 to 30 pips and if we get .3 in deviation I would expect anywhere from 30 to 60 pips. Last month we got a surprisingly good move out of .1 as you can see in last month video found below however I need more history than that to trust .1 as that was an unusual move. To see last months CAD CPI video follow the below link.
CAD CPI from last month
Good Luck trading!!!
