I would like to bring your attention to the fact that we will
NOT be trading the UK Trade Balance report in the Live Trade
Room tomorrow. I have mentioned for the last few months that
this particular news release has not moved the market as much
recently as it did a year ago, and so we have considered taking
it off the list for some time.
In addition, the UK PPI report is going to be released at the
same time, and it has four components to it. There is a good
chance that there will be some conflicting data considering all
the components that will be released at the same time. The
Trade Balance release has only provided about 10-15 pips of
movement recently, so any conflicting data would negatively
impact the chance of a successful trade tomorrow.
If you decide to still trade this release, I would advise
extreme caution. The safe trigger for the Trade Balance has
been increased to $900 million, and you may consider making it
a larger number with the other data coming out.
We will continue to monitor this particular news release, and
if it begins to once again have an impact on the market then we
will begin trading it in the Live Trade Room again.
Our next Live on the News trade opportunity will be on Tuesday
with the UK CPI report, and I will send out more information on
that trade tomorrow.
Good Luck!!!
