I wanted to make you aware of some additional trade opportunities this week. We have two countries that will have interest rate decisions today. The first is the US FOMC announcement at 2:15 pm EDT today. I do not anticipate that this will be a good one to trade as they are expected to leave interest rates at their current rate. If they do raise rates, it should strengthen the USD and signal a short on the GBP/USD. The second is the AUD rate decision tonight at 7:30 pm EDT. They are expected to raise interest rates by .25%; however, if they leave them at the current rate, we could see a good sell on the AUD/USD.
Also, tomorrow, August 8, at 9:30 pm EDT, the AUD Employment Change report will be released. The expected number for this release is 25k jobs, but we have seen some good moves with a deviation of 20k jobs or more. We have placed a safe trigger of 20k in the RSS. We will not be trading any of these in the Live Trade Room, but we did want to make you aware of them.
BANK FLOW SYSTEM UPDATE
I also wanted to let you know where we are on the Bank Flow System. We have been watching this system for some time and are now trading it live on the managed account. We entered our first trade last night on the managed accounts and took 50 pips on the USD/CAD. We will continue to trade these trades on the managed account. We plan on creating a signal/alert system for our subscribers to also enjoy these trades on a personal level. However, this alert system is still under development and we do not have any additional information to give at this time.
Currently, the only way to participate in these trades is through a managed account. If you are interested in opening a managed account, you may send an e-mail to [email protected].
Good luck!!!
