Hi there
This is Crazy Cat writing.
On Tuesday, March 30th (10:00 am New York Time) we will have US Consumer Confidence coming out. It is expected to read 50.0. Last month it read 46.0.
The trigger for this indicator is 5.0. This means that if US Consumer Confidence comes out at 55.0 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 45.0 or lower, USD/JPY will probably go down by 30 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.
For example: on Feb 23rd, US Consumer Confidence came out at 46, versus an expectation of 55. USD/JPY went down by around 60 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 Consumer Confidence
I hope you make some money on this report.
-Crazy Cat
This is Crazy Cat writing.
On Tuesday, March 30th (10:00 am New York Time) we will have US Consumer Confidence coming out. It is expected to read 50.0. Last month it read 46.0.
The trigger for this indicator is 5.0. This means that if US Consumer Confidence comes out at 55.0 or higher, USD/JPY will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 45.0 or lower, USD/JPY will probably go down by 30 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.
For example: on Feb 23rd, US Consumer Confidence came out at 46, versus an expectation of 55. USD/JPY went down by around 60 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 Consumer Confidence
I hope you make some money on this report.
-Crazy Cat
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