July 27, 2012
Here is the forecast for the US Prelim GDP q/q (Q4 2011) :
8:30am (NY Time) US Prelim GDP q/qForecast 1.5% Previous 1.9% (Final Q1 GDP)
DEVIATION: 0.2% (BUY USD 1.7% / SELL USD 1.3%)
DEFINITION:
“GDP, which is defined (from wikipedia) as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP number has a direct effect on the Interest rate of the currency, it is one of the news indicators that affects FOMC’s decision directly.”
The Trade Plan
We are looking for a deviation between 0.2% ~ 0.3% from the forecasted figure of 1.5%. Therefore if we get a 1.7% on the second quarter (Q2) 2012 GDP, it would be US Dollar positive. We will BUY USD. However, if we get a 1.3% release or worse, then we would be SELLING USD. We’ll be looking to trade this release based on my Retracement Trading Method; since this is a high impact release, strong market volatility is expected immediately after the release.
Recommended Pair : USDJPY or EURUSD
BOOKS
Currency Trading in the Forex and Futures Markets - Carley Garner - EUR 29,62
Your Guide To Making Money in Forex Trading: A General Idea Of Trading The Forex Plus Crucial Investing Tips On Currency Exchange Rates, Finding The ... Succeed And Make Money Fast In Forex Trading - Sandra V. Uy - EUR 12,36
Trading On The Forex: All About Forex Trading For Beginners And Trading In Forex Market For Profits - Greg Malone - EUR 12,63
8:30am (NY Time) US Prelim GDP q/qForecast 1.5% Previous 1.9% (Final Q1 GDP)
DEVIATION: 0.2% (BUY USD 1.7% / SELL USD 1.3%)
DEFINITION:
“GDP, which is defined (from wikipedia) as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP number has a direct effect on the Interest rate of the currency, it is one of the news indicators that affects FOMC’s decision directly.”
The Trade Plan
We are looking for a deviation between 0.2% ~ 0.3% from the forecasted figure of 1.5%. Therefore if we get a 1.7% on the second quarter (Q2) 2012 GDP, it would be US Dollar positive. We will BUY USD. However, if we get a 1.3% release or worse, then we would be SELLING USD. We’ll be looking to trade this release based on my Retracement Trading Method; since this is a high impact release, strong market volatility is expected immediately after the release.
Recommended Pair : USDJPY or EURUSD
BOOKS
Currency Trading in the Forex and Futures Markets - Carley Garner - EUR 29,62
Your Guide To Making Money in Forex Trading: A General Idea Of Trading The Forex Plus Crucial Investing Tips On Currency Exchange Rates, Finding The ... Succeed And Make Money Fast In Forex Trading - Sandra V. Uy - EUR 12,36
Trading On The Forex: All About Forex Trading For Beginners And Trading In Forex Market For Profits - Greg Malone - EUR 12,63
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