Because this is the first quarterly release for the 4th quarter of 2016, we are likely to see huge market reactions today, especially if we get at least 0.2% of deviation. Considering the “Trump” boost, a strong release should add further demand for the USD.
Here is the forecast for the US Adv. GDP q/q (Q4 2016)
8:30am (NY Time) US Advanced GDP q/q Forecast 2.1% Previous 3.5% (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 27, 2017 | Currency News Trading
January 23, 2017 by Leave a Comment