Forex Signal (Thu, June 03, 4:28 am EST) UK Services PMI

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

This is Crazy Cat with a potentially profitable trading opportunity...

Thursday, June 03rd at 4:28 am New York Time we will have UK Services PMI coming out. It is expected to read 55.7. Last month it read 55.3.

Last month this report did not work but I think it was a one time deal, and I still think it is worthy to give a try. I am providing, however, a bit bigger triggers.

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-forum/economic-indicator-descriptions/7370-uk-services-pmi.html

The trigger for this indicator is 1.5. This means that if UK Services PMI comes out at 57.2 or more, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 54.2 or less, GBP/USD will probably go down by 35 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.

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

For example: on April 07, UK Services PMI came out at 56.5, versus an expectation of 58.0. GBP/USD went down by 60 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 GBP Services PMI

I hope you make some money on this report.
-Crazy Cat
 
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