I wanted to recap what we did on the last live trade call and give you the criteria for potential trades tonight and tomorrow.
The last trade call I sent out covered the CAD GDP report last Friday. For the GDP report, we were looking to short the EUR/CAD if the number came out higher than expected by 0.3% or more. The trade did not hit our safe trigger of 0.3%, but it did hit our medium trigger of 0.2%. We had several traders enter this trade on the medium trigger and report profits of 20 35 pips on the EUR/CAD.
To view the video of this trade click on the link below:
TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD GDP report is released at 9:30 pm EDT. We will be focusing on the AUD GDP Q/Q figure, which is Row 1 of the RSS and is expected to be 0.5%. We have placed a safe trigger of 0.4% for this release. We have seen a deviation of at least 0.4% the last two releases, and we have seen moves of between 20-30 pips on each.
We will not have the Live Trade Room open, but we wanted to make you aware of this potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
We will have an opportunity to trade tomorrow when the US ISM Manufacturing report is released at 10:00 am EDT. The expectation for this report is 53.0. A higher than expected number will be good for the USD and signal a short on the GBP/USD, and a lower than expected number will be bad for the USD and signal a long on the GBP/USD. We will be looking for a deviation of 1.5 on this report to trigger a safe trade. The last time this report met our safe trigger was in May, and we had traders report profits of up to 25 pips.
To see a video of this trade click on the following link:
/ This is our current outlook for this trade; however, it is subject to change as market conditions may change by tomorrow. Be sure to log in to the Live Trade Room 15 minutes prior to the release to get my commentary on this potential trade. Good Luck!!!!
