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Forex Signal (Tue January 25 2011, 4:30am NY Time EST) - UK Prelim GDP q/q

Discussion in 'Current Forex Trading Signals' started by Henry Liu, Jan 24, 2011.

  1. Henry Liu

    Henry Liu Former FPA Special Consultant

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    UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:

    UK Prelim GDP q/q Forecast 0.5% Previous 0.7%
    ACTION: (GBP/USD) BUY 0.8% SELL 0.2%


    The Trade Plan
    Our deviation for today's trade is 0.3% to SELL and 0.3% to BUY. We’ll look to possibly SELL GBP/USD at 0.2% of release figure or worse; BUY GBP/USD at 0.8% of release figure or better.

    Depending on the surprise of this release, we could go from after news retracement trade to spike trading. I believe if we get a 1.0% or better release, it justifies spiking trading to buy GBPUSD immediately. If we get 0.0%or worse, then it is also justified to SELL GBPUSD on a spike trade. Here's the link that explains my trading methods:
    Henry's Retracement Trading Method

    The Market
    Medium Forecast sits at 0.5% out of 30+ analysts surveyed by Bloomberg. General market expectation for today's release is that double-dip recession may be returning to the UK.

    With Inflationary pressure running wild and BOE officials split over their monetary policy direction, traders may take a worse than expected release as a sign to dump Sterling and move on to other more optimistic currencies, or for the very least, clearer direction.

    Additional Thoughts
    Since the Prelim GDP is the first release of the quarterly GDP, it’s usually the one with most potential for surprises. This is the most important news event for UK in this week, and a highly anticipated one.

    Pre-news Consideration
    I'd recommend to stay out of pre-news trading for this release.

    Definition
    UK Prelim GDP q/q for Q4 2010 is expected to be a positive release of 0.5% surveyed by Bloomberg. GDP is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measure of the economy’s health, and a stronger GDP means that the central bank will more likely to raise interest to curb inflation.

    For historical data and charts on UK Prelim GDP q/q:
    Historical Data & Charts UK GDP q/q


    Thanks,


    [​IMG]
     
    #1 Henry Liu, Jan 24, 2011
    Lasted edited by : Sep 8, 2016
  2. Samuel Osama

    Samuel Osama Recruit

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    Please, I am still trying to understand fundamental trading, very soon, I should be participating very well in response,

    Thanks.

    Sam.
     
  3. blessed Iluobe jeremiah

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    please, how does it work.

    gooday there,

    i have n't been able to use the trading signal you send to me all the time, because i dont know how to get it fix to the trading platform, can you tell me how to do it you.
     
  4. peti305

    peti305 Wealthified Representative

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    wooow that was a HUGE deviation, 1,0% !!! lots of $$$ :)
     
  5. lourensh@absamail.co.za

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    Getting the correct trading times in your part of the world


    Use this calender to see the economic releases for the day and their times.
    Forex Calendar @ Forex Factory

    Then just make sure to set your LOCAL time so that the calenders times correspond with your local time: do it here:
    Time and Date Options @ Forex Factory

    Doing this it will change the calenders times to the correct time in your part of the world..

    ;-)

    Lourens
     
  6. yomex_y2

    yomex_y2 Recruit

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    The report actual was -0.5% , way down. Thnks for the report.
     
  7. yomex_y2

    yomex_y2 Recruit

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    The report actual was -0.5% , way down. Thnks for the report.
     
  8. luzonxzy

    luzonxzy Recruit

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    Excellent trade.
     
  9. UCHENNA IKECHUKWU

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    well i just got registerd thatv is i am new!!!!!i realy need ur signals.
     

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