TRADE CALLS RECAP
Our last live trade calls were for the Canadian and US Trade
Balance reports, which were released at the same time last
Thursday. Our focus was on the Canadian Trade Balance, as the
US Trade Balance has not provided very good moves recently,
even with good deviation. Both of the releases met our safe
triggers and we had many traders report getting in the EUR/CAD
on the Canadian Trade Balance news. Some of the traders made
minimal profits of up to 15 pips, and some reported small
losses based on some bad entries with their brokers. A few
traders traded the USD/JPY on the US Trade Balance and reported
profits of up to 20 pips. To view a video of these releases,
please click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Tomorrow we will have an opportunity to trade when the Canadian
CPI report is released at 7:00 am EST. There are several
components to this release, and we will be focusing on the CAD
CPI Excluding Core 8 (YoY) figure. The expectation for this
report is 1.4%. We will be looking for a deviation of 0.2% to
trigger a safe trade. A lower than expected number will
trigger a buy on the USD/CAD or EUR/CAD.
This report met our safe trigger last month, and the market
moved over 50 pips. We were not able to get a video of this
trade, but we do have a video of November’s trade that also met
our safe trigger and provided a 50 pip move as well. To see a
video of November’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 these potential trades.
Good Luck!!!!
