TRADE CALL RECAPS
Our last live trades were last Friday when we were watching
three news releases. First was the Canadian Labor Change
report, and we were looking to long the USDCAD or EURCAD if the
number came out at least 15k worse than expected. The actual
number came out with a -13k deviation, so our safe trigger was
not met. We did have some traders trade a medium trigger on
this trade and report profits of up to 30 pips. To see a video
of this trade, click on the link below:
Next we were watching the Canadian and US Trade Balance
reports, with our focus on the Canadian number. We were
looking to short the EURCAD if the number came out at least
0.8% better than expected. The actual number came out with a
0.2% deviation, so it did not meet our safe trigger. The US
Trade Balance came out with a deviation of 2.8%, which met the
1.5% deviation to trigger a safe trade. We only had a small
move of 10-15 pips on this release.
TRADE OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the NZD CPI
report is released at 6:45pm EDT. The focus should be on the
CPI (QoQ) figure, and the expectation for this release is
1.4%. We have placed a safe trigger of 0.2% for this release.
We have historically seen moves of around 25 to 40 pips when
this release has met the safe deviation. 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 we will have two opportunities to trade. The first
opportunity will be when the UK CPI report is released at 4:30
am EDT. There are several components to this release, and we
will be focusing on the UK CPI (EU Harmonized YoY) figure. The
expectation for this report is 3.6%. We will be looking for a
deviation of 0.2% to trigger a safe trade. We seldom get a
safe trigger, but we can get some good moves when our medium
trigger of 0.1% is met. This release has at least met our
medium trigger in eleven out of the last twelve months, and we
have seen moves of 20 to 80 pips each month.
This report last met our safe trigger in May for the first time
since last August, and the GBP/USD moved approximately 55
pips. We did not get a video of this release. However, this
report last met our medium trigger in April and the market
moved approximately 40 pips. To see the video of that trade,
click on the link below:
The second opportunity will be when the US Retail Sales report
is released at 8:30 am EDT. We will be focusing on the US
Retail Sales Less Autos figure. The expectation for this report
is 1.0%. We will be looking for a deviation of 0.5% on this
report to trigger a safe trade. A better than expected number
will be good for the USD and signal a buy on the USD/JPY.
This report met our safe trigger last month, and we had traders
report profits of up to 20 pips. We did not get a video of that
particular release. Prior to that, the last safe trigger came
in December 2007. To see a video of December’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 release to get my commentary on these potential trades.
Good Luck!!!!
