I wanted to recap what we did on the last live trade call and give you the criteria for a possible trade tonight. The last trade call I sent out covered the Canadian Retail Sales report this morning.
For the Core Retail Sales report, the plan was to go short on the USD/CAD if the release came out higher than expected by 0.3% or more from the expected number of 0.6%. The actual number came out with a deviation of +1.7%, so our trigger was hit and we did enter this trade and we had many traders make some very nice profit. To see the video of the trade click on the following link:
TRADING OPPORTUNITY TONIGHT!
I have had many traders request triggers for AUD and NZD trades, and so I have started implementing new trading opportunities based on this feedback. There is another AUD news release coming out tonight at 9:30 pm EDT. The AUD CPI is coming out, and the QoQ number is expected to be 1.0%. I have set a safe trigger on the RSS for a deviation of 0.3%. We have seen moves of 50+ pips on this release the last two times it has come out. I will not have the Live Trade Room open, but I wanted to make you aware of this potential trade opportunity.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next Live on the News trade call will be on the US Durable Goods report on Thursday, July 26, at 8:30 am EDT. I will send out another e-mail tomorrow regarding this trading opportunity.
Good Luck!!!!
