TRADE CALL RECAP
Our last live trade call was this past Tuesday when we were
watching the US ISM Manufacturing report. This report did not
meet our trigger as we were looking for a 2.5 deviation or
higher, and the number came out only 1.1 better than expected.
To see the video of this trade, click on the link below:
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Retail
Sales is released at 9:30pm EDT. Your focus should be on the
AUD Retail Sales (MoM) figure, which is expected to be 0.3%.
We have placed a safe trigger of 0.4% for this release. We
have historically seen moves of around 25 pips when this
release has had a deviation of 0.4% or higher. 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 TRADE CALLS
Tomorrow will be an interesting day as we will have two major
economic news releases.
The first release is the Canadian Labor Change report, which
will be released at 7:00 am EDT tomorrow. This is one of my
favorite releases as our safe trigger is often met and we get
some very good moves on this particular release. The
expectation for this report is 15k jobs. 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 15k on this
report to trigger a safe trade.
This report has met our safe trigger each of the last six
months, and we have had traders report profits of up to 60 pips
and more on each trade. The last three months we have even had
traders report profits of up to 100 pips and more on the
EUR/CAD on this release. We were not able to get a video of
last month’s trade, but to see the video of February’s trade,
click on the link below:
The second opportunity will be the when the US Non-Farm
Payrolls report is released at 8:30 am EDT. We will focus on
the Non-Farm Payrolls figure, which is expected to be -60k
jobs. We have changed our focus on this one to the USD/JPY as
it has moved better than the GBP/USD in recent months. A
higher than expected number will be good for the USD and signal
a long on the USD/JPY, and a lower than expected number will be
bad for the USD and signal a short on the USD/JPY. We will be
looking for a deviation of 50k on this report to trigger a safe
trade.
This report met our safe trigger last month, and we had traders
report profits of up to 60 pips on the USD/JPY. 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!!!!
