I would like to recap the trades for this week and let you know of the upcoming trades we will have next week.
We had four LOTN trades this week:
9/11 – UK Trade Balance – No Trade
9/11 – US Trade Balance – No Trade
On the CAD Trade Balance report on Tuesday, our safe trigger of $0.8 Billion was met and we entered a long on the EUR/CAD. We did not get as much movement as anticipated, so we closed with minimal profits. Most traders reported small gains of up to 10 pips or small losses on this trade.
On the US Retail Sales report this morning our safe trigger of 0.5% was met and we entered a long on the GBP/USD. We closed out of the trade with small profits, and most traders reported profits of up to 20 pips on this trade.
We also had one NZD trade this week that we set triggers for on the RSS. The NZD Retail Sales met our safe trigger of 0.3% on Wednesday night and we had several traders report profits of 15 to 20 pips on this trade.
NEXT WEEK’S OUTLOOK
Next week there are five news releases we will be trading in the Live on the News Trade Room. The reports are as follows:
UK CPI EU Harmonized YoY Release date: 09/18/2007 04:30:00 AM EDT
CAD CPI excluding CORE 8 (YoY) Release date: 09/19/2007 07:00:00 AM EDT
US CPI Ex Food & Energy M/M Release date: 09/19/2007 08:30:00 AM EDT
UK Retail Sales All Retailing Release date: 09/20/2007 04:30:00 AM EDT
Canada Retail Sales Ex Motor Vehicles Release date: 09/21/2007 08:30:00 AM EDT
We look forward to these opportunities as we have had some very good moves on some of these releases in the past few months. I will be sending out specifics on each Live on the News Trade Call prior to each of these releases. I hope everyone has a great weekend and I hope to see you on Tuesday for our next Live on the News trade.
