OUR LAST LIVE ON THE NEWS TRADE CALL
The last call I sent out was for the UK CPI and the US Retail Sales. The UK CPI missed our triggers however had a lot ff pressure short which provided for a nice move down. based on the combination of all the releases we had. I had a lot of reports of traders making 20+ pips and one that held out for well over 60 pips. To see a video of this trade click on this link www.forexmastermaker.com/vid/uk_cpi_111406/uk_cpi_111406.html
The next Report we watched was the US Retail Sales which Created a really good move up caused by many factors combined. The actual number we were watching didn’t hit the trigger however there were a couple of revisions as well as the majority of the pressure from the PPI was also dollar negative. To see a video of this trade follow this link www.forexmastermaker.com/vid/usretailsales111406/multi_movie_player.html
OUR NEXT LIVE ON THE NEWS TRADE CALL
First we have UK Retail Sales being released at 4:30am. The expected number is .3%. This should be a cut and dry trade as there are know other releases coming out at the same time. The only factor is a possible revision. Generally the revisions are only .1 or .2 very rarely coming out at .3 so I will definitely keep an eye on that.
My trigger for this trade is going to be .3%. what this means is If the release comes out .3% higher than expected (.6%) I will buy the GBP/USD. If it comes out .3% lower than expected (.0%) I will sell the GBP/USD. This has historically moved well so I expect 30+ pips from this if my triggers are hit.
THE SECOND TRADE WE HAVE
Next we will be trading the us CPI ex Food and Energy, this is to be released at 8:30 am eastern and is expected at .2%. This will be accompanied by the CPI Core and the CPI (MoM. The Core as well as the ex F & G can both affect the market. I will be looking for around .3% in deviation and I have never seen a revision on this number.
A higher than expected number signals a sell on the GBP/USD and a lower than expected number signals a buy. If the Core number conflicts I will pass on this trade.
Good Luck trading!!!
