by Henry Liu on August 26, 2010
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 1.1% Previous 1.1%
ACTION: GBP/USD BUY 1.4% SELL 0.8%
The Trade Plan
Since this is the second release of the 2nd 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 1.1% and previous release of 1.1% (Prelim GDP on July 26th), we may not get a surprise release after all.
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by Henry Liu on May 24, 2010
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus today. With possible better than expected figures scheduled to be released today, market could be looking to BUY GBP ahead of this release… Here is the forecast:
4:30am (NY Time) UK Revised GDP q/q Forecast 0.3% Previous 0.2%
ACTION: GBP/USD BUY 0.6% SELL 0.0%
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by Henry Liu on February 25, 2010
4:30am (NY Time) UK Revised GDP q/q Forecast 0.2% Previous 0.1%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
We’ll be focusing on the Revised GDP q/q from UK, which is also known as the second quarterly GDP release; GDP is defined 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 is the basically direct measurement of the economy, and a stronger GDP means that the central bank will more likely raise interest rate as better economy usually brings higher inflationary pressure…
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