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Forex Signal (Tue, May 25, 04:30 am EST) UK GDP q/q

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, May 24, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat writing.

    On Tuesday, May 25th (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 0.2.

    This is a second release so it is not so important report to trade. In fact, it is quite unreliable, and only the first reading (which was a month ago) is worthy to trade with confidence.

    The trigger for this indicator is 0.3. This means that if UK GDP q/q comes out at 0.6 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 0.0 or 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 should not happen too often.

    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, May 24, 2010
    Lasted edited by : Sep 8, 2016

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