Forex Signal (Thu, Nov 5, 7:00 am EST) UK Interest Rate Statement

[Felix Homogratus]

Hi there

This is Felix with yet another potentially profitable trading opportunity...though I must admit that surprises on this report are extremely rare, so I wouldn't wake up in the middle of the night for it.

Thursday, November 5th (7:00 am New York Time) UK

We have UK Interest Rate coming out. It is expected that they will keep UK Interest Rate unchanged at 0.5.

Please read what this indicator means and how it affects the Great British Pound by going to this link: https://www.forexpeacearmy.com/fore...riptions/7395-uk-interest-rate-statement.html

The trigger for this indicator is 0.25. This means that if the UK Interest Rate comes out at 0.5 or higher, GBP/USD will probably go up by 100 pips or more in the first 30 minutes of the report. If it comes out at 0, GBP/USD will probably go down by 100 pips or more in the first 30 minutes of the report.

If you miss the initial spike, don't worry, you can still make money on the after-spike move. Click here to read my after-spike retracement strategy for this report: https://www.forexpeacearmy.com/fore...atement-after-spike-retracement-strategy.html

It is best to see for yourself the history of this report and the charts of how it affected the GBP/USD and other currencies. This way, you may possibly come up with even better trigger and trading strategy than what I am suggesting to you in this signal. Here is the link for that: Forex News Trading | Details and History for GBP Interest Rate Statement

As always, wait for my email this Friday, where I will review all successful trades of the week.

I hope you make some money on this report
-Felix

 

[Cesil]

Whats your take on Mystic Mervyn's QE policy that will accompany this rate decision Felix? Should be a given that the rate wont be changed but everyone will be watching the money press's down on threadneedle st with this announcement. +£25B = potentially already priced in given the last attrocious GDP reading, maybe give a small kneejerk drop. £50B += 100+pip drop. £0 = GBP positive perhaps...???? :err:

 

[sten42]

I find your trading signals very helpful. I have read about after about after spike strategi but I would like ask whether is any possibility to get news enough quickly before the spike come.

 

[Ricex]

Yes that is the key question Cesil, be very careful people.