GB GDP (Q/Q) - 1st reading


Fx News Spike Signals by Crazy Cat, 2018/11/09

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 0.6
Prior: 0.4
LT1 (Lower Trigger 1): -0.2 [SELL]
UT1 (Upper Trigger 1): +0.1 [BUY]
Safety: 1

If GB GDP (Q/Q) comes out at 0.4 or lower ( -0.2 trigger), GBP/USD should go down by about 30 pips. If it comes out at 0.7 or higher ( +0.1 trigger), GBP/USD should go up by about 30 pips.

Based on 43 estimates, median estimate is 0.6% and average estimate is 0.56%. The highest estimate is 0.7% (two votes), then 0.6% (27 estimates), then 0.5% (8 estimates), 0.4% (five votes), and finally one estimate at 0.3%. One standard deviation is +/- 0.07%.

This is the 1st release out of the two, and this may actually create a nice spike. If you want to stay more conservative, then I think +/- 0.2 triggers should work quite well.

Don't compare charts from last month, for example, because this is the first release out of the two versions of GDP, and therefore it can cause bigger spikes.

We will also have GB Industrial Production coming out at the same time but I would rather focus on GDP instead.

Forex news history and charts

Go back to the Forex Market News listing
Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy


Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. FastEconomicNews.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.