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Forex Signal (Tue, Dec 22, 04:30 am EST) UK GDP q/q

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Dec 19, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Tuesday, December 22nd (04:30 am New York Time) UK we will have UK GDP q/q coming out. It is expected to read -0.1. Last time it read -0.3.

    The trigger for this indicator is 0.3. This means that if UK GDP q/q comes out at 0.2 or higher, GBP/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at -0.4 or more negative, GBP/USD 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 UK GDP q/q we will have UK GDP y/y coming out. If they conflict, I recommend skipping the trade, but since m/m is part of y/y number, and our trigger is quite large, the conflict is almost impossible. We will also have UK Current Account Balance but this is not important indicator.

    For example: on October 23rd, UK GDP q/q came out at -0.4, versus an expectation of 0.2. GBP/USD went down by around 200 pips but that was a huge deviation. 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 GDP q/q

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Dec 19, 2009
    Lasted edited by : Sep 8, 2016
  2. zarni

    zarni Recruit

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    Lazy Cat this is final GDP....
     
    #2 zarni, Dec 21, 2009
    Lasted edited by : Sep 8, 2016

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