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: 9/4 – US ISM Manufacturing – No Trade
9/6 – UK Industrial Production – No Trade
9/7 – CAD Labor Change – No Trade
9/7 – US Non-Farm Payrolls – We had a deviation of 50k on this trade and the actual deviation came out at -104k. We had traders get in this trade and report profits of 30-60 pips on the GBP/USD.
We also had two AUD trades this week that we set triggers for on the RSS. The AUD GDP met our safe trigger of 0.4% on Monday night and we had several traders report profits of 15-30 pips. The AUD Change in Employment on Thursday did not hit our trigger of 20k.
NEXT WEEK’S OUTLOOK
Next week there are four news releases we will be trading in the Live on the News Trade Room. The reports are as follows: UK Trade Balance Release date: 09/11/2007 04:30:00 AM EDT US Trade Balance Release date: 09/11/2007 08:30:00 AM EDT STCA Canada Merchandise Trade Release date: 09/11/2007 08:30:00 AM EDT Adjusted Retail Sales Less Autos Release date: 09/14/2007 08:30:00 AM EDT
We look forward to these opportunities as we have had some very strong 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. In addition to these LOTN trade events, we will have one New Zealand news release that has historically provided some good moves. We will not have the Live Trade Room open for this, but we will provide a trigger for this release. New Zealand Retail Sales Release date: Sep 12, 2007 6:45:00 PM EDT I hope everyone has a great weekend and I hope to see you on Tuesday for our next Live on the News trade.
