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Forex Signal (Tue, Nov 24, 08:30 am EST) US Annualized GDP

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 23, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    Hi there :)

    This is Felix with a potentially profitable trading opportunity...

    Tuesday, November 24th (08:30 am New York Time) USA

    We have US Annualized GDP coming out. Last month we had the first reading of 3rd quarter. This month, it's a revision of last month's reading. Usually the big moves happen on the first reading, and the revisions cause much smaller moves. In any case, it is expected to read 3.1. Last month it read 3.5.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...ator-descriptions/7616-us-gdp-annualized.html

    The trigger for this indicator is 0.5. This means that if US Annualized GDP comes out at 3.6 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 2.6 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.

    In addition to the Annualized GDP number, we will have Core PCE and GDP Deflator coming out. Both of them measure prices and thus are inflationary indicators. If they conflict, I recommend skipping the trade, but since it's a revision of previous month's reading, most likely there will be no conflicts.

    To read my after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...zed-gdp-after-spike-retracement-strategy.html

    For example: on August 27th, we also had the first revision come out. The annualized GDP came out at -1, versus an expectation of -1.5. USD/JPY went up by over 30 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 GDP Annualized

    As always, wait for my email this Friday, where I will review all successful trades of the week.

    I hope you make some money on this report.
    -Felix
     
    #1 Felix Homogratus, Nov 23, 2009
    Lasted edited by : Sep 8, 2016

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