I wanted to recap what we did on the last live trade calls and give you the . The last trade calls I sent out covered three reports this morning.
First up was the UK CPI report. We were focused on the CPI EU Harmonized YoY figure, and we were looking to short the GBP/USD if we got a deviation of -0.2% or worse. The actual number came out with a deviation of -0.4%, so we entered the trade. We had many traders report profits on the trade of 50-70 pips or more, and we even had a trader that reported over $50,000 in profits! To see a video of this trade click on the link below:
Next we had the Canadian Trade Balance and the US Trade Balance reports that were released at the same time. We focused on the CAD Trade Balance because there were multiple US news reports that came out that could have an impact on the market. We were looking to take a long on the EUR/CAD if we had a deviation of -$0.8 Billion on this release. The actual report came out with a deviation of -$0.3 Billion, so our safe trigger was not hit and we did not enter this trade.
We were also watching the US Trade Balance, but since the US PPI report was being released at the same time, we did not attempt to trade this particular release. We had a safe trigger to sell the GBP/USD with a deviation of $1.5 Billion or more. The actual number came out with a deviation of $2.9 Billion from the expected number, so our safe trigger was met and there was a small move of 10-15 pips. You can view the video of these two trades at the following link:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the US CPI report is released at 8:30 am EDT. We will be focusing on the CPI Excluding Food & Energy MoM report, which will be Row 1 on the RSS. The expectation for this figure is 0.2%. We will be looking for a deviation of 0.2% to trigger a safe trade. A higher than expected number would be good for the USD and would signal a short on the GBP/USD. A lower than expected number would be bad for the USD and that would signal a long on the GBP/USD.
This report does not typically hit our safe triggers, but can hit our medium trigger of 0.1%. Even with a deviation of 0.1%, we have seen moves of 30-40 pips over the past few months. In June this trade hit our medium trigger and we had many traders report gains of 20-40 pips. To see the video of June’s trade, click on the following link:
Good Luck!!!!
