by Henry Liu on November 16, 2009
4:30am (NY Time) UK CPI y/y Forecast 1.4% Previous 1.1%
ACTION: GBP/USD BUY 1.7% SELL 1.1%
We’ll focus on the CPI release today and our surprise factor (or deviation) is at 0.3%. If the yearly Inflation number increases to a surprise of 1.7% then we will BUY of GBP/USD. If the Inflation number decreases to 1.1% or less, we’ll look to SELL GBP/USD. Historically, even at a difference of 0.1%, we should see market overreaction. If our deviation is hit, there is a probability of over 80% that the market will move 50 pips within the next 30 minutes.
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by Henry Liu on October 30, 2009
Hi everyone,
I just wanted to say that with today’s unexpected turn of events from the U.S. GDP release, market has turned around from last 3 days of risk aversion concerns to an all out risk appetite and boosted gains of every major currency against the USD… This created a strong reversal on the GBP as it blew through several resistance points… and boy, did I ever hear about it from my subscribers! I spent almost half-day just replying emails to traders who just totally ignored the US GDP release and went short on Sterling. I got hate mails, critiques, and tons of emails from concerned subscribers, which I must say that I’m always happy to hear from…
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by Henry Liu on October 12, 2009
[flv:http://www.newsprofiteer.com/101309-ukcpi/101309-ukcpi.mp4 480 360]
4:30am (NY Time) UK CPI y/y Forecast 1.3% Previous 1.6%
ACTION: GBP/USD BUY 1.5% SELL 1.1%
Our surprise factor (or deviation) is at 0.2%. If the yearly Inflation number increases to a surprise of 1.5% then we will BUY of GBP/USD. If the Inflation number decreases to 1.1% or less, we’ll look to SELL GBP/USD. Historically, even at a difference of 0.1%, we tend to see the market overreact. If our S. Factor gets hit, there is a probability of over 80% that the market will move 50 pips within the next 30 minutes.
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