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Forex Signal (Wed, June 30, 04:30 am EST) UK GDP q/q

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jun 29, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    UPDATE:

    UK GDP will not be released today. Probably it will be released next week.


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    Hi there :)

    This is Crazy Cat writing.

    On Wednesday, June 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 as well.

    This is the third release so it is not as so important as it was the first number. In fact, it is quite unreliable, and only the first reading (which was two months ago or will be next month) 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. It is highly unlikely we would have such a big deviation.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    To read the after-spike strategy for trading this report, go here: http://www.forexpeacearmy.com/forex-forum/felix-after-spike-retracement-strategies/

    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 but don't count on it.
    -Crazy Cat
     
    #1 Crazy Cat, Jun 29, 2010
    Lasted edited by : Sep 8, 2016
  2. Lúcio Felippe

    Lúcio Felippe Private

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    Thanks!

    Hi Crazy Cat,
    his tips for today are so very valuable. I will monitor this report's publication to see what happens and make some pips if I can.
    Thanks!:)
     
  3. CHIDI EDWARD

    CHIDI EDWARD Recruit

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    Deltastock - Global Forex and CFD Broker

    Gd day Moderator and everyone in the house. Has anyone ever used Deltastock - Global Forex and CFD to trade.Please comment and also comments on Marketiva are welcome.
     
  4. Lúcio Felippe

    Lúcio Felippe Private

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    Crazy,
    I would add to your analysis an another important report (Consumer Confidence report E.U.). The Consumer Confidence Report E.U. will published at 14:00 GMT. It's almost bring exchange market volatility and any long order may be dangerous.
     
  5. oye

    oye Recruit

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    Crazy Cat your views are always fantastic and quite helpful
     
  6. Pat Patterson

    Pat Patterson Recruit

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    From what I understand, this report has been postpone do to some errors that were found in their data.
     
  7. habrys

    habrys Private, 1st Class

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    Yes, UK GDP is canceled, and it will not be released today.
     
  8. Nest

    Nest Recruit

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