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Forex Signal (Fri July 29 2011, 8:30am NY Time EDT) - US Advance GDP q/q

Discussion in 'Current Forex Trading Signals' started by Henry Liu, Jul 28, 2011.

  1. Henry Liu

    Henry Liu Former FPA Special Consultant

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    Here is the forecast for the US Advanced GDP q/q :

    8:30am (NY Time) US Advance GDP q/q Forecast 1.6% Previous 1.9%
    ACTION: USDJPY BUY 2.0% / EURUSD BUY 1.2%

    The Trade Plan

    We are looking for a deviation between 0.3~0.4% from the forecasted figure of 1.6%. Therefore if we get a 2.0% on the second quarter GDP, it would be US Dollar positive. We will BUY USD/JPY. However, if we get a 1.2% release or worse, then we would be BUYING EURUSD. We’ll be looking to trade this release based on my Retracement Trading Method; since this is a high impact release, strong market volatility is expected immediately after the release.

    We’ll be trading this release using an after-news retracement method.

    For more information on my trading methods, please read:
    Henry Liu's Trading Method

    The Market
    According to a medium forecast of 69 economists surveyed by Bloomberg agree that today's Adv. GDP for Q2 2011 is going to be 1.6%, which is a drop from previous 1.9% of release.

    With limited job growth and rather disappointing Retail Sales figure at 0.8%, which counts as 70% of the GDP, and because this figure is the lowest sales figure since 2009, there are very little speculation that today's GDP will surprise to the upside.

    With Fed Bernanke still reiterating to maintain all options open and the recent debt ceiling debate threatening the sovereign rating of the USD, today's GDP may provide support for the USD if we get a positive surprise, or send USD down even further into capitulation territory if we get a much worse than expected figure.

    Additional Thoughts
    With Adv. GDP being the first GDP release of the three, it is usually the most volatile GDP release with the highest potential of a surprise number. Because the impact of GDP on future monetary policy, this event has the potential of changing both the long-term and short-term trend of USD. It’s definitely an event worth trading.

    DEFINITION:
    “GDP, which is defined (from wikipedia) as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP number has a direct effect on the Interest rate of the currency, it is one of the news indicators that affects FOMC’s decision directly.”

    Historical Chart and Data for US Advance GDP q/q


    Thanks,


    [​IMG]
     
    #1 Henry Liu, Jul 28, 2011
    Lasted edited by : Sep 8, 2016
  2. MUONWE JOHNBOSCO C

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    thanks

    i very much thank you for your assistance. but i wish to know if it is encouraging to buy eur/usd at this time and to also know how long it will go on buy.
    best regards
    johnbosco
     
  3. Anthonia Taiwo

    Anthonia Taiwo Private

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    Thanks Mr. Henry this is very helpful.
    Looking forward for the news tomorrow.
     
  4. dkami

    dkami Sergeant

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    Henry LIE is a con-man stay away from his SCAMS neither Henry or his robot can trade for **** here are his results

    10kto1mm program after 10mths = balance is $3577.68 with a USDCAD BUY trade on that has a floating loss of $752.00 with no SL on

    Currency strength robot = Henrys starting balance was 5k now after 3mths his balance is down to $1336.60

    Henry LIE has a new SCAM out 4xlearning.com STAY AWAY FROM HIM IF YOU DONT WANT TO LOOSE YOUR MONEY


    Here are the links here on FPA
    http://www.forexpeacearmy.com/public...w/10kto1mm.com

    http://www.forexpeacearmy.com/public...engthrobot.com

    http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/15041-henry-liu-scam.html

    Warning Henry LIE runs off this site newbies must be warned
     
    #4 dkami, Jul 28, 2011
    Last edited: Jul 28, 2011

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