US Prelim GDP release is the second release for the First quarter of 2015, which is significantly lower than the Adv. reading (0.2%). If we get a strong deviation today in either direction, we should see plenty of market reactions… Of course, if the figure were to remain positive, then I believe USD will surely gain across the board.
8:30am (NY Time) USA Prelim GDP q/q
The Trade Plan
I’d recommend to use the Recommended Pair above as it is based on my strength meter by pairing up the best currencies in the event of a better/worse news… or you can just use the default pairs for this news: USDJPY or EURUSD
We’ll be trading this release using an after-news retracement method. For more information on my trading methods, please read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
US Prelim GDP q/q | May 29, 2015 | Forex Trading
May 25, 2015 by Leave a Comment