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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:
UK Prelim GDP q/q Forecast 0.5% Previous 0.7%
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 0.8% Previous 0.8%
ACTION: GBP/USD BUY 1.1% SELL 0.5%
The Trade Plan
Since this is the second release of the 3rd 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 0.8% and previous release of 0.8% (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:
UK Prelim GDP q/q Forecast 0.4% Previous 1.2%
ACTION: (GBP/USD) BUY 0.6% SELL 0.2%
The Trade Plan
Our deviation for today’s trade is 0.2% to SELL and 0.2% to BUY. We’ll look to possibly SELL GBP/USD at 0.2% of release figure or worse; BUY GBP/USD at 0.6% of release figure or better. This will be the 4th consecutive quarter of positive GDP release from UK.
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.
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:
UK Prelim GDP q/q Forecast 0.6% Previous 0.3%
ACTION: (GBP/USD) BUY 0.8% SELL 0.3%
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%
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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