Felix Homogratus
Commander in Chief
- Messages
- 153
Hi there
This is Felix with a potentially profitable trading opportunity...
Monday, November 30th (08:30 am New York Time) Canada
We have Canadian GDP m/m coming out. It is expected to read 0.4. Last month it read -0.1.
Please read what this indicator means and how it affects the USD/CAD by going to this link: https://www.forexpeacearmy.com/fore...cator-descriptions/7676-canadian-gdp-m-m.html
The trigger for this indicator is 0.2. This means that if Canadian GDP m/m comes out at 0.6 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at 0.2 or less, USD/CAD will probably go up 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 Canadian GDP m/m number, we will have GDP Annualized Q/Q coming out. If they conflict, I recommend skipping the trade. We will also have Raw Material Price Index and Industrial Product Price Index coming out. You can ignore those two.
To read my after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...gdp-m-m-after-spike-retracement-strategy.html
For example: on October 30th, Canadian GDP m/m came out at -0.1, versus an expectation of 0.1. USD/CAD went up by around 90 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 CAD GDP m/m
As always, wait for my email this Saturday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Felix
This is Felix with a potentially profitable trading opportunity...
Monday, November 30th (08:30 am New York Time) Canada
We have Canadian GDP m/m coming out. It is expected to read 0.4. Last month it read -0.1.
Please read what this indicator means and how it affects the USD/CAD by going to this link: https://www.forexpeacearmy.com/fore...cator-descriptions/7676-canadian-gdp-m-m.html
The trigger for this indicator is 0.2. This means that if Canadian GDP m/m comes out at 0.6 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at 0.2 or less, USD/CAD will probably go up 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 Canadian GDP m/m number, we will have GDP Annualized Q/Q coming out. If they conflict, I recommend skipping the trade. We will also have Raw Material Price Index and Industrial Product Price Index coming out. You can ignore those two.
To read my after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...gdp-m-m-after-spike-retracement-strategy.html
For example: on October 30th, Canadian GDP m/m came out at -0.1, versus an expectation of 0.1. USD/CAD went up by around 90 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 CAD GDP m/m
As always, wait for my email this Saturday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Felix
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