Because this is the first quarterly release for the forth quarter of 2015, we are likely to see plenty of market reaction especially considering Wednesday’s FOMC rate decision. If we get a stronger than expected release, we should see plenty of demand on the greenback.
Here is the forecast for the US Adv. GDP q/q (Q4 2015)
8:30am (NY Time) US Advanced GDP q/q Forecast 0.8% Previous 2.0% (Final Q3 GDP)
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:
US Advanced GDP (Q4) | January 29, 2016 | Currency News Trading
January 25, 2016 by Leave a Comment