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Forex Signal (Fri, Feb 26, 08:30 am EST) US Annualized GDP

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 25, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hi there :)

    This is Crazy Cat writing.

    On Friday, Feb 26th at 08:30 am New York Time we will have US Annualized GDP coming out. This is the second reading so it does not move as much as it was the first reading. In any case, it is expected to read 5.6. Last time it read 5.7.

    Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex...ator-descriptions/7616-us-gdp-annualized.html

    The trigger for this indicator is 0.7. This means that if US Annualized GDP comes out at 6.3 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 4.9 or lower, USD/JPY will probably go down by 30 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.

    In addition to the Annualized GDP number, we will have Core PCE and GDP Deflator coming out. Both of them measure prices and thus are inflationary indicators. If they conflict, I recommend skipping the trade but most likely there will be no conflicts.

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...zed-gdp-after-spike-retracement-strategy.html

    For example: on August 27th, we had the second reading coming out. The annualized GDP came out at -1.0, versus an expectation of -1.5. USD/JPY went up by about 30 pips although it did not hit my trigger. 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 USD GDP Annualized

    I hope you make some money on this report.
    -Crazy Cat
    #1 Crazy Cat, Feb 25, 2010
    Lasted edited by : Sep 8, 2016
  2. losmarinos

    losmarinos Recruit

    Nov 2, 2009
    Likes Received:
    It would be great to have a Print Option to Print a Crib sheet to use on the day?
  3. buju357

    buju357 Recruit

    Sep 4, 2009
    Likes Received:
    i just scribble down the numbers on a piece of paper , takes less time than printing (and saves the trees .....lol)

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