by Henry Liu on November 21, 2011
Here is the forecast for the US Prelim GDP q/q :
8:30am (NY Time) US Prelim GDP q/q
Forecast 2.4% Previous 2.5%
ACTION: USDJPY BUY 2.7% / USDJPY SELL 2.1%
The Trade Plan
We are looking for a deviation between 0.3% from the forecasted figure of 2.4%. Therefore if we get a 2.7% on the third quarter GDP, it would be US Dollar positive. We will BUY USD/JPY. However, if we get a 2.1% release or worse, then we would be BUYING EURUSD. 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.
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by Henry Liu on October 30, 2011
Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous 0.3%
ACTION: USD/CAD SELL 0.4% / BUY 0.0%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.4% or better release, or we’ll BUY USDCAD on a 0.0% or worse release. With recent optimism in the general market, a strong surprise in this GDP number may be the catalyst to push USDCAD down to the 0.9700 and set the tone for November.
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by Henry Liu on October 26, 2011
Here is the forecast for the US Advanced GDP q/q :
8:30am (NY Time) US Advance GDP q/q
Forecast 2.4% Previous 1.3%
ACTION: USDJPY BUY 2.7% / EURUSD BUY 2.1%
The Trade Plan
We are looking for a deviation between 0.3% from the forecasted figure of 2.4%. Therefore if we get a 2.7% on the third quarter GDP, it would be US Dollar positive. We will BUY USD/JPY. However, if we get a 2.1% release or worse, then we would be BUYING EURUSD. 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.
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by Henry Liu on September 29, 2011
Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.3% Previous 0.2%
ACTION: USD/CAD SELL 0.6% / BUY 0.0%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.6% or better release, or we’ll BUY USDCAD on a 0.0% or worse release. With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD, and perhaps set the tone for October.
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by Henry Liu on September 20, 2011
We’ll be getting the quarterly release of New Zealand’s GDP, and because it is a quarterly release, market tends to pay more attention to it, thus more volatility is expected. Here’s forecast:
6:45pm NZ GDP q/q Forecast 0.5% Previous 0.8%
Action: NZD/USD BUY 0.8% SELL 0.2%
The Trade Plan
The expected consensus number is 0.3%, and the safe deviation is 0.3%, in the event it is hit, we should see market move 40 pips within the hour.
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by Henry Liu on September 5, 2011
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.
Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast 1.0% Previous -1.2%
ACTION: AUD/USD BUY 1.3% SELL 0.5%
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by Henry Liu on August 30, 2011
Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous -0.3%
ACTION: USD/CAD SELL 0.4%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.4% or better release. With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD.
For more information on my trading methods, please read:
http://www.newsprofiteer.com/mentoring/mastermind-mentoring-system-webinar-1-of-3/
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