Forex Signal (Thu, May 06, 4:28 am EST) UK Services PMI

[Crazy Cat]

Hi there

This is Crazy Cat with a potentially profitable trading opportunity...

Thursday, May 06th at 4:28 am New York Time we will have UK Services PMI coming out. It is expected to read 56.6. Last month it read 56.5.

I recommend trading GBP/USD for this report.

Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7370-uk-services-pmi.html

The trigger for this indicator is 1.2. This means that if UK Services PMI comes out at 57.8 or more, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 55.4 or less, GBP/USD will probably go down by 35 pips or more in the first 45 minutes of the report.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...ces-pmi-after-spike-retracement-strategy.html

For example: on April 07, UK Services PMI came out at 56.5, versus an expectation of 58.0. GBP/USD went down by 60 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for GBP Services PMI

I hope you make some money on this report.
-Crazy Cat

 

[koco]

WTF?

WTF happened to this report? Nice 1.7 deviation lead to whipsaw!!! This sucks! Anyone knows why it happened?

 

[West Coast Pips]

WTF happened to this report? Nice 1.7 deviation lead to whipsaw!!! This sucks! Anyone knows why it happened?

I hear you, this was a nasty release. Small spike and then turned around very fast. I believe the market was more concerned with the UK general election today.

 

[winterpage]

Yep, whipsawed me around too. Chin up.