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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

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    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

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    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

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    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

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    Nose dive

    Good Call, Look at that nose dive.
     

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