TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the NZD Retail
Sales report is released at 6:45pm EDT. The focus should be on
the Retail Sales All Industries figure, and the expectation for
this release is 0.0%. We have placed a safe trigger of 0.3%
for this release. We have historically seen moves of around 25
to 45 pips when this release has met the safe deviation.
You will want to take caution as there is the tendency for this
release to provide a quick spike in the direction of the news,
then a reversal during the summer months when there is less
liquidity. This is what happened last month, when the news
provided a 30 pip spike, then a market reversal occurred. We
will not have the Live Trade Room open for this trade, but I
wanted to make you aware of the opportunity.
Our next Live on the News event won’t be until next Wednesday
when the Canadian Retail Sales report is released. We will
send out an e-mail regarding that trade opportunity next
Tuesday.
Good Luck!!!!
