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Considering what FOMC Statement on May 3 stated, where “…growth in economic activity slowed.” I would not hold my breath on a blowout figure today, but considering recent USD dips, a positive surprise will move the market, and a negative surprise means stay away. 8:30am (NY Time) USA Prelim GDP q/q Forecast 0.9% Previous 0.7% (Advanced Q1 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: https://www.currencynewstrading.com/how-to-get-started-with-news-trading/ Outlook Score DEFINITION Thanks,
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US Prelim GDP q/q | May 26, 2017 | Forex Trading
May 21, 2017 by 2 Comments