TRADE CALL RECAP
Our last live trade call was this past Tuesday when we were
watching the UK Industrial Production report. We were looking
to short the GBPUSD if the number came out at least 0.5% worse
than expected. The number came out with a -0.3% deviation, so
it did not meet our safe trigger. To see the video of this
trade, click on the link below:
OUR NEXT LIVE ON THE NEWS TRADE CALL
We will have an opportunity for a trade tomorrow morning when
the Canadian Labor Change report is released at 7:00 am EDT.
This is one of our favorite releases as our safe trigger is
often met and we get some very good moves on this particular
release. The expectation for this report is 5k jobs. A higher
than expected number will be good for the CAD and signal a
short on the USD/CAD and EUR/CAD, and a lower than expected
number will be bad for the CAD and signal a long on the USD/CAD
and EUR/CAD. We will be looking for a deviation of 15k on this
report to trigger a safe trade.
This report has met our safe trigger in six of the last ten
months, and we have had traders report profits of up to 60 pips
and more on each trade. The deviation just missed our safe
trigger last month, and it still provided a 35 pip move. We
have even had traders report profits of up to 100 pips and more
on the EUR/CAD on this release. We were not able to get a
video of March’s trade, but to see the video of February’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 our commentary on this potential trade.
Good Luck!!!!
