(HOT) Forex Signal (Fri, April 23, 04:30 am EST) UK GDP q/q

Crazy Cat

Former FPA Special Consultant
Hi there :)

A very important message first:

Hi guys, today I tested the new iPad by Apple and this is a great device. I have a nice video to show you how cool it is:

And this is me a few weeks ago when Steve Jobs presented it (this is how it started):

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--Crazy Cat

All right, anyway, let's go back to the business.

On Friday, April 23rd (04:30 am New York Time) UK we will have UK GDP q/q coming out. It is expected to read 0.4. Last time it read 0.4.

This is a first release so it is a very important report to trade.

The trigger for this indicator is 0.2. 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 0.2 or lower, 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.

For example, on Jan 26th, 2010 GDP q/q came out at 0.1 vs 0.4 expected, and GBP/USD went down by about 90 pips. Here is the 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 GBP GDP q/q

I hope you make some money on this report.
-Crazy Cat
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