TRADE CALL RECAP
For our last live trade call, we were looking at the UK CPI
yesterday morning, and we were looking to enter a long on the
GBP/USD if the figure came out at least 0.2% better than
expected. The actual number came out with 0.1% deviation, so
it did not meet our safe trigger. We had several traders
report getting in on a medium trigger of 0.1% and they reported
profits of up to 20 pips on the trade.
OUR NEXT LIVE ON THE NEWS TRADE CALLS
We will have two good opportunities for trades tomorrow. The
first opportunity will be on the UK Retail Sales Report that
will be released tomorrow at 4:30 am EDT. The expected number
for this report is -0.1%. 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
0.5% on this report to trigger us into a safe trade. We may
decide to lower the trigger tomorrow as we have seen some
better moves on this report recently, even with lower triggers.
This release has met our safe trigger in six out of the last
ten months, and the market has moved between 30 and 90 pips
each time. It last met our safe trigger in March and provided
traders with up to 70 pips of profit. To see the video of
March’s trade, click on the following link:
The second trade opportunity will be on the Canadian CPI, which
will be 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 0.3%. 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 met our safe trigger last month, and we had traders
report profits of up to 35 pips on the EUR/CAD. To see a video
of last month’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 these potential trades.
Good Luck!!!!
