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Forex Signal (Thu, May 27, 08:30 am EST) US Annualized GDP

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 26, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat writing.

    On Thursday, May 27th at 08:30 am New York Time we will have US Annualized GDP coming out. This will be the second reading so it is not the best report to trade. It is expected to read 3.4. Last time it read 3.2.

    Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex...ator-descriptions/7616-us-gdp-annualized.html

    The trigger for this indicator is 0.5. This means that if US Annualized GDP comes out at 3.9 or higher, USD/JPY will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at 2.9 or lower, USD/JPY will probably go down by 40 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 Annualized GDP number, we will have Core PCE and GDP Deflator coming out. Both of them measure prices and thus are inflationary indicators. If they conflict, I recommend skipping the trade but most likely there will be no conflicts.

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

    For example: on January 29th, we had the first reading coming out. The annualized GDP came out at 5.7, versus an expectation of 4.7. USD/JPY went up by about 50 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 USD GDP Annualized

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, May 26, 2010
    Lasted edited by : Sep 8, 2016
  2. georgeta

    georgeta Sergeant

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    gdp

    Where can I see the gdp release in order to check if it trrigers the trade?
     
  3. West Coast Pips

    West Coast Pips Sergeant

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    US GDP is definitely the focus for tomorrow. However, do be careful with conflict from Unemployment Claims which can also move the market.
     
  4. West Coast Pips

    West Coast Pips Sergeant

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    Annualized or Preliminary GDP?

    This site: Forex Calendar @ Forex Factory reports that US GDP tomorrow is preliminary. Other sites point to it being annualized. Which one is it please?
     
    #4 West Coast Pips, May 26, 2010
    Lasted edited by : Sep 8, 2016
  5. Boko Maru

    Boko Maru Sergeant

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    The reports are Advance (1st reading), Preliminary (2nd), and Final (3rd). Tomorrow is Preliminary...
     
  6. DaveO

    DaveO Private, 1st Class

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    GDP # today

    Did the market react the opposite to what was expected from this announcement today or am I completely off course. Was also watching the dollar index DX alongside USDJPY and got even more confused :)
     
  7. gagzgang

    gagzgang Recruit

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