TRADE CALL RECAP
For our last live trade call, we were looking at the UK Retail
Sales this morning, and we were looking to enter a long on the
GBP/USD if the figure came out at least 0.4% better than
expected. The actual number came out with a deviation of 0.3%,
so it did not meet our safe trigger and we did not enter a
trade. We do not have a video of this particular trade.
OUR NEXT LIVE ON THE NEWS TRADE CALL
We will have two trade opportunities tomorrow. The first
opportunity will be on the UK GDP Report that will be released
tomorrow at 4:30 am EDT. The expected number for this report
is -0.2%. A higher than expected number will be good for the
GBP and signal a long on the GBP/USD, and a lower than expected
number will be bad for the GBP and signal a short on the
GBP/USD. We will be looking for a deviation of 0.1% on this
report to trigger us into a safe trade. We have seen moves of
25 to 50 pips with this trigger recently.
This report last met our trigger of 0.1% in August and provided
traders with up to 25 pips of profit, depending on their
entry. We do not have a video of that trade, so to see the
video of June’s trade, click on the following link:
The second opportunity tomorrow will be when the Canadian CPI
is released at 7:00 am EDT. There are several components to
this release, and we will be focusing on the CAD CPI Excluding
Core 8 (YoY) figure. The expectation for this report is 1.7%.
We will be looking for a deviation of 0.2% to trigger a safe
trade. A lower than expected number will trigger a buy on the
USD/CAD or EUR/CAD.
This report last met our safe trigger in May, and we had
traders report profits of up to 35 pips on the EUR/CAD. To see
a video of May’s trade, click on the link below:
This is our current outlook for these trades; 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 releases to get my commentary on the potential trades.
FOREXTRADERSDAILY FORUMS
A quick reminder of our trading forums found at
. This is a community
that we have set up for traders so I encourage you to check it
out and enjoy the discussions there.
Good Luck!!!!
