OUR LAST LIVE ON THE NEWS TRADE CALL Today we were watching the UK Trade Balance which did not hit our triggers so we passed in the room. Not much to talk about there.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we have 2 releases to watch and the first one is the UK CPI and our focus will be on the (MoM) number. The expected number is .2 and the trigger I will be using is .2 which is rarely hit however if it is hit it will provide for some descent profits. A higher than expected number will signal a buy and a lower than expected number will signal sell.
This should be a pretty straight forward trade as there is not many releases to deal with. I will be trading GBP/USD and this data will be released at 4:30 am eastern.
Next we have the US Trade Balance which is expected at -63b. My desired deviation for this trade is 1.5b and I will be watching for revisions as they can affect this trade. If I see anything over .6 against the trade I will close the position. A higher than expected number will signal a sell on the GBP/USD and a lower than expected number will signal a buy.
This data will be released at 8:30am eastern. Remember that this is a deficit so a higher number will actually appear to be lower i.e. -62 is lower than -63.
Good Luck trading!!!
