TRADE CALL RECAPS
For our last live trade call, we were looking at the UK Retail
Sales and Canadian CPI reports this morning.
For the UK Retail Sales report, we were looking at entering if
we had a deviation of 0.5%. The actual deviation was 3.6 which
triggered a Buy on the GBP/USD. Traders in the room reported
taking 45 pips and more on this trade.
For the Canadian CPI report, we were looking to enter a short
on the EUR/CAD if the deviation met our safe trigger of 0.2%.
The actual number came out with 0 deviation, so it did not meet
our safe trigger.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next trade opportunity will be on the Canadian Retail Sales
Report that will be released tomorrow at 8:30 am EDT. Our
focus will be on the Retail Sales Less Autos figure. The
expected number for this report is 0.5%. 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 0.4% on this
report to trigger a safe trade.
This report met our safe trigger last month and provided
traders with up to 25 pips of profit. We do not have a video
of last month’s trade, but to see the video of April’s trade,
click on the following link:
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!!!!
