CANADIAN RETAIL SALES PROVIDES UP TO 40 PIPS FOR TRADERS
This morning we were watching the Canadian Retail Sales
figures, and we were looking to short the USD/CAD and EUR/CAD
if the number came out at least 0.4% better than expected. The
actual number came out with a deviation of 0.8%, so it met our
safe sell trigger and many traders entered this trade. We
received reports of up to 25 pips of profit on the USD/CAD and
up to 40 pips on the EUR/CAD. To see the video from this
trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next trade opportunity will be tomorrow on the US Durable
Goods report that will be released at 8:30 am EDT. We will be
focusing on the US Core Durable Goods figure, which is expected
to be -0.3%. We will be looking for a deviation of 3.0% on
this report to trigger a safe trade. We have recently updated
the triggers to more conservative numbers as we have seen
diminished moves on this report in recent months.
This report last met our safe trigger last August, and we had
traders get in and report small profits or a small loss of up
to 10 pips. To see a video of August’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!!!!
