Australia GDP q/q 09/01/09

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9:30pm (NY Time) AU GDP q/q Forecast 0.6% Previous 0.4%
ACTION: AUD/USD BUY 0.8% SELL 0.3%

DEFINITION:

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“GDP is the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” In short, if you were to reduce the entire economy into a simple number, it would be the GDP.

UPDATE:

We got a better than expected release but didn’t see corresponding market reaction. In other words, no momentum or follow through for a much better than expectation release. Therefore I decided to stay out of the market as this release was against the risk aversion trend.

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

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