UK Prelim GDP q/q 07/24/09

Newsletter

Zero spam.

4:30am (NY Time) UK GDP q/q Forecast -0.3% Previous -2.4%

Definition
Our focus will be on the GDP, is defined as 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. GDP is the primary measure for the economy’s health, and a stronger GDP means that the central bank will more likely to raise interest rate.

3rd Party Advertisement

Update 1
In response to the requests that I am getting from these posts, I am going to make a special video on Sentiment Trading, which is one of my signature Forex systems. Should have this video completed in the next 24 ~ 48 hours.

Update 2
GDP came out much worse than expected at -0.8% with no prior revision. This brings yearly GDP to -5.6%, the largest decline since record begin in 1955. GBP/USD dropped immediately about 40 pips, then I waited for a retracement and SOLD GBP/USD for about 30 pips of profit. Not a bad trade for 1 hour of work.

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

Comments

  1. It’s in reality a nice and useful piece of info. I’m satisfied that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.

Speak Your Mind

*

Newsletter

Zero spam.