Hi there
On Tuesday, March 30th (04:30 am New York Time) UK we will have UK GDP q/q coming out. It is expected to read 0.3. Last time it read 0.3.
This is not so important report because this is a third release. I want to see 0.2 deviation to enter a trade; the problem is it is 3rd numbers don't deviate often...
The trigger for this indicator is 0.2. This means that if UK GDP q/q comes out at 0.5 or higher, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 0.1 or lower, GBP/USD will probably go down by 35 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.
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
On Tuesday, March 30th (04:30 am New York Time) UK we will have UK GDP q/q coming out. It is expected to read 0.3. Last time it read 0.3.
This is not so important report because this is a third release. I want to see 0.2 deviation to enter a trade; the problem is it is 3rd numbers don't deviate often...
The trigger for this indicator is 0.2. This means that if UK GDP q/q comes out at 0.5 or higher, GBP/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 0.1 or lower, GBP/USD will probably go down by 35 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.
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
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