UK RETAIL SALES PROVIDES UP TO 35 PIPS FOR TRADERS
Last Thursday we were watching two news releases for potential
trades. The first was the UK Retail Sales figures, and we were
looking to long the GBPUSD if the number came out at least 0.4%
better than expected. The actual number came out with a
deviation of 1.0%, so it met our safe buy trigger and many
traders reported entering this trade. We received reports of
up to 35 pips, depending on their entries. To see the video
from this trade, click on the link below:
The next release was the Canadian CPI release, and we were
looking to buy the EURCAD or USDCAD if the number came out at
least 0.2% worse than expected. The actual figure came out
with a -0.1% deviation, so it did not meet our trigger and we
did not enter a trade. To see a video of this trade, click on
the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next trade opportunity will be on the US Durable Goods
report that will be released tomorrow at 8:30 am EDT. We will
be focusing on the US Core Durable Goods figure, which is
expected to be -0.7%. We will be looking for a deviation of
2.5% on this report to trigger a safe trade. A higher than
expected number will trigger a buy on the USD/JPY. This report
last met our safe trigger in May, and the market moved about 40
pips on the USD/JPY. We do not have a video of that particular
trade.
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!!!!
