(Thu April 28 2011, 8:30am NY Time EST)
US Advance GDP q/q : Forecast 1.9% - Previous 3.9%
ACTION: USD/JPY BUY 2.2% and SELL 1.6%
The Trade Plan
US Advance GDP q/q : Forecast 1.9% - Previous 3.9%
ACTION: USD/JPY BUY 2.2% and SELL 1.6%
The Trade Plan
We are looking for a minimum deviation of 0.3% on the forecasted figure of 1.9%. Therefore if we get a 2.2% on the first quarter GDP, it would be US Dollar positive. We will BUY USD/JPY. However, if we get a 1.6% release or worse, then we would be SELLING USD/JPY or BUYING EUR/USD.
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