by Henry Liu on March 29, 2010
4:30am (NY Time) UK Revised GDP q/q Forecast 0.3% Previous 0.3%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
We’ll be focusing on the Final GDP q/q from UK, which is also known as the 3rd release for the quarterly GDP of Q4 2009; 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 the indicator 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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by Henry Liu on February 25, 2010
8:30am NY Time US Prelim GDP q/q Forecast 5.6% Previous 5.7%
ACTION: USD/JPY BUY 5.9% SELL 5.3%
We’ll be trading the 4th (Q4 2009) quarterly release of U.S. GDP number. The first release, or the Advanced GDP release last month, came out surprising upwards at 5.7% and we’ll probably not see much volatility in the market on this second release as more usually during the 2nd release more data have become available thus less possibilities of surprise. The important fact is to consider the context of the market at the time of the news release, remember market have priced in this release already.
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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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