Hi there
This is Crazy Cat writing.
On Friday, January 29th at 08:30 am New York Time we will have US Annualized GDP coming out. This is the first reading, and usually the big moves happen on the first reading, and the revisions cause much smaller moves. In any case, it is expected to read 4.5. Last month it read 2.2.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...ator-descriptions/7616-us-gdp-annualized.html
The trigger for this indicator is 0.4. This means that if US Annualized GDP comes out at 4.9 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 4.1 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: https://www.forexpeacearmy.com/fore...zed-gdp-after-spike-retracement-strategy.html
For example: on October 29th, we had the first reading coming out. The annualized GDP came out at 3.5, versus an expectation of 3.2. USD/JPY went up by about 70 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
However, keep in mind that first readings produce bigger spikes than second or final readings so you cannot compare two months next to each other.
I hope you make some money on this report.
-Crazy Cat
This is Crazy Cat writing.
On Friday, January 29th at 08:30 am New York Time we will have US Annualized GDP coming out. This is the first reading, and usually the big moves happen on the first reading, and the revisions cause much smaller moves. In any case, it is expected to read 4.5. Last month it read 2.2.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...ator-descriptions/7616-us-gdp-annualized.html
The trigger for this indicator is 0.4. This means that if US Annualized GDP comes out at 4.9 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 4.1 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: https://www.forexpeacearmy.com/fore...zed-gdp-after-spike-retracement-strategy.html
For example: on October 29th, we had the first reading coming out. The annualized GDP came out at 3.5, versus an expectation of 3.2. USD/JPY went up by about 70 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
However, keep in mind that first readings produce bigger spikes than second or final readings so you cannot compare two months next to each other.
I hope you make some money on this report.
-Crazy Cat
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