UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:
4:30am (NY Time) UK Revised GDP q/q Forecast -0.1% Previous 0.6%
ACTION: GBP/USD BUY 0.2% SELL -0.4%
UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:
5:30am (NY Time) UK Revised GDP q/q Forecast 0.4% Previous 0.1%
ACTION: GBP/USD BUY 0.7% SELL 0.1%
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus for today. Here is the forecast:
4:30am (NY Time) UK Revised GDP q/q Forecast 0.2% Previous 0.2%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
The Trade Plan
Since this is the second release of the 2nd quarterly GDP, we´re not likely to get a huge surprise as most 2nd releases are pretty much inline. However, judging from the expected release of 0.2% and previous release of 0.2% (Prelim GDP), we may not get a surprise release after all.
UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:
4:30am (NY Time) UK Revised GDP q/q Forecast 0.2% Previous 0.5%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
The Trade Plan
Our deviation for today’s trade is 0.3% to SELL and 0.3% to BUY. We’ll look to possibly SELL GBP/USD at -0.1% of release figure or worse; BUY GBP/USD at 0.5% of release figure or better.
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus for today. Here is the forecast:
4:30am (NY Time) UK Revised GDP q/q Forecast 0.5% Previous 0.5%
ACTION: GBP/USD BUY 0.8% SELL 0.2%
The Trade Plan
Since this is the second release of the 4th quarter GDP, we’re not likely to get a huge surprise as most 2nd releases are pretty much inline. However, judging from the expected release of 0.5% and previous release of 0.5% (Prelim GDP), we may not get a surprise release after all.
UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:
4:30am (NY Time) UK Revised GDP q/q Forecast 0.5% Previous -0.5%
ACTION: GBP/USD BUY 0.8% SELL 0.2%
The Trade Plan
Our deviation for today’s trade is 0.3% to SELL and 0.3% to BUY. We’ll look to possibly SELL GBP/USD at 0.2% of release figure or worse; BUY GBP/USD at 0.8% of release figure or better.
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus today. Here is the forecast:
4:30am (NY Time) UK Revised GDP q/q Forecast -0.5% Previous -0.5%
ACTION: GBP/USD BUY 0.0% SELL -0.8%
The Trade Plan
Since this is the second release of the 4th quarter GDP, we’re not likely to get a huge surprise as most 2nd releases are pretty much inline. However, judging from the expected release of -0.5% and previous release of -0.5% (Prelim GDP), we may not get a surprise release after all.
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8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2175)
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