Tomorrow we have a couple of good trade opportunities. The first is the UK GDP being released at 4:30am eastern. It is expected at .8% and very rarely comes out deviating enough to trade however when it does deviate it tends to move really good. I will be looking for .2% deviation and a higher than expected number signals a buy on the GBP/USD and a lower than expected number signals a sell. We will also have to watch the current account which can affect the market quite a bit on its own. It is expected at -8.0B. I would like to see this in agreement with the GDP meaning a higher number is a buy and lower number is a sell. If the GDP doesnt come out tradeable you may still be able to pull 20 to 25 pips out on the Current account if it deviates by 2 billion or so.
Next we have US durable goods ex transportation coming out at 8:30am eastern and it is expected at .4%. I would like to see around 1.5% deviation and a higher number signals a sell and a lower number signals a buy on the GBP/USD. With this trade we will also have to watch the New Home sales, a higher number confirms a sell and a lower number confirms a buy. If these numbers are conflicting be very careful and consider passing.. If this is the first time you have traded my calls please visit this page for important information explaining how to use this information. Good Luck, now go make some pips!!!
