Tomorrow we have UK GDP due out at 4:30am eastern. The consensus is .8%. This release can move the market well however it is very rarely of by more than .1 which is not enough to trade off of. I have gone over the last 3 years of news releases and .1 moves the market anywhere from 6 pips to around 20 pips. There have been times when it has moved more however that was only if it was released at the same time as Current account or Retail Sales which has occurred a few times. I will be looking for .2% deviation which doesn’t happen very often however that is the safe trigger to trade with. This release rarely causes a big move because the majority of the information that makes up the GDP has already been reported therefore the analysts are generally pretty close with there estimates. With all that said I will be trading the GBP/USD and looking for .2% deviation to trade. If it hits my trigger I would expected 30+ pips of profit. A higher than expected number signals a buy and a lower than expected number signals a sell. If this is the first time you are receiving my trade calls please visit www.forexmastermaker.com/signals.htm for instruction on how to trade using this signal. Good luck!!!
