BK Big Trade USD/CAD Long 05.04.2016 +53

Swing

5/4 -- Close USD/CAD at market 1.2873

Moved quickly we hit 1.2858 for +53

Reload at 1.2825, Stop at 1.2625

Buy USD/CAD at market (now 1.2805)

Stop 1.2630

We’ve gotten a serious trend change in USD/CAD after this morning’s horrid Canadian trade balance numbers. Friday’s employment report is likely to show weakness as well after the strong numbers from the prior month. A break above 1.2800 paves the way for move to 1.3000.

Economic Calls for 05.04.2016

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (May 4, 2016) — Good Luck Trading!

1.NZ Unemployment (18:45 NY Time Sunday) -- Bearish NZD -- Potential downside surprise given lower employment component of manufacturing and services

2. AU PMI Services (19:30 NY Time) -- Bearish AUD -- Potential downside surprise given drop in PMI manufacturing

3. EZ PMI Revisions (03:55 NY Time) -- No Trade -- Revisions can be market moving but they are difficult to predict

4. EZ Retail Sales (5:00 NY Time) -- Bearish EUR -- Potential downside surprise given sharp drop in German retail sales

5. US Trade Balance (8:30 NY Time) -- Bearish USD -- Potential downside surprise given drop in Ism Manufacturing

6. CAD Trade Balance (8:30 NY Time) -- Bearish CAD -- Potential downside surprise given drop in IVEY PMI

7. US ISM Non-Manufacturing (10:00 NY Time) -- Bearish USD -- Potential downside surprise given drop in Ism Manufacturing