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

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 2, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat writing.

    Thursday, March 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 as well.

    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. But you never know... I remember about two years ago nobody expected a change, yet they changed, and people made over 100 pips...

    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, Mar 2, 2010
    Lasted edited by : Sep 8, 2016

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