ANOTHER LIVE ON THE NEWS TRADE CALL TODAY I did not mention in yesterday’s e-mail that we will have another opportunity to trade today when the US Retail Sales report is released at 8:30 am EDT. We will be focusing on the US Retail Sales Less Autos figure. The expectation for this report is 0.2%. We will be looking for a deviation of 0.5% on this report to trigger a safe trade. A better than expected number will be good for the USD and signal a buy on the USD/JPY. We have changed the triggers in the RSS to set it up for a trade on the USD/JPY as it has provided stronger moves than the GBP/USD in recent months. This report last met our safe trigger in December, and we had traders report profits of up to 20 pips. To see a video of December’s trade, click on the link below: 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!!!!
