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Forex Signal (Thu, Feb 04, 07:00 EST) UK Interest Rate

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 3, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hi there :)

    This is Crazy Cat writing.

    Thursday, Feb 04th (07:00 am New York Time) UK

    We have UK Interest Rate coming out. It is expected to read 0.5. Last month it read 0.5 also.

    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: http://www.forexpeacearmy.com/forex...riptions/7395-uk-interest-rate-statement.html

    The trigger for this indicator is 0.25. This means that if UK Interest Rate comes out at 0.75 or more, GBP/USD will probably go up by 100 pips or more in the first 45 minutes of the report. If it comes out at 0.25 or less, GBP/USD will probably go down by 100 pips or more in the first 45 minutes of the report.

    Don't expect any changes, however. So most likely it will be a no trade.

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

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

    For example: on November 6th, 2008, UK Interest Rate came out at 3, versus an expectation of 4. GBP/USD went down by over 150 pips in the first 4 minutes of the report. See for yourself what happened by seeing 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 Interest Rate Statement

    Good luck,
    -Crazy Cat
    #1 Crazy Cat, Feb 3, 2010
    Lasted edited by : Sep 8, 2016
  2. Ralph Stone

    Ralph Stone Recruit

    Jan 22, 2010
    Likes Received:
    question to Crazy Cat

    could you please tell me where to see the actual release of the news on time??I will appreciate it, Ralph
  3. Akhlad

    Akhlad Recruit

    Feb 1, 2010
    Likes Received:
    Yess, Usually I get the actual number delayed like one minut or something when all the profit has already gone, where can I find a decent news source
  4. Eric Alyea

    Eric Alyea Master Sergeant

    Jun 16, 2008
    Likes Received:
    Nose dive

    Good Call, Look at that nose dive.

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