TRADE CALL RECAP
For our last live trade call, we were watching the US GDP
report that was released this morning. We were going to trade
if the deviation was 0.4% or higher. The actual number came
out with no deviation, so it did not meet our trigger and we
did not get in a trade on this release.
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the NZD GDP and
Trade Balance reports are released at 6:45 pm EDT. You should
use extreme caution as these releases could come out in
conflict with each other. Typically, the GDP has proven to be
the better release to try to trade.
If you focus on the GDP, it is best to trade the QoQ number.
The expectation for this number is -0.3%. We have set a safe
trigger of 0.2% on this particular component. We have
typically seen a 30+ pip move if this trigger is met. Again,
use extreme caution as the Trade Balance number may come out in
conflict with the GDP and could negatively impact any trade you
may enter. We will not have the Live Trade Room open for this
particular event, but I did want to make you aware of the
opportunity and the potential conflict.
OUR NEXT LIVE ON THE NEWS TRADE CALL
Our next live news trade 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 0.4%. 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 0.2% on this report to trigger us into a
safe trade. We may decide to lower the trigger tomorrow as
this report seldom meets our safe trigger. We have seen moves
of 25 to 50 pips on a medium trigger recently.
This report last met our medium trigger of 0.1% in January and
provided traders with up to 25 pips of profit, depending on
their entry. To see the video of January’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 the trade.
Good Luck!!!!
