Today, there are two major news events:
(1) Canadian GDP
Time: 01:30 PM Nigerian time
Trade it on: EUR/CAD or CADJPY
Forecast: -0.5
Tradable trigger +0.3 or -0.3
If the news comes out at -0.8 or less ( -0.3 trigger), EUR/CAD will buy at about 25 pips or more. If it comes out at -0.2 or less negative ( +0.3 trigger), EUR/CAD will sell at about 25 pips or more.
Please stay away from USD/CAD because of US GDP coming out at the same time.
2) US GDP (1st reading)
Time: 01:30 PM Nigerian time
Primary currency pair: USD/JPY
Forecast: 2.5
Tradable trigger +0.5 or -0.5
If US GDP news comes out at 2.0% or less ( -2.1 trigger), USD/JPY should go down by about 30 pips or more. If it comes out at +3.0 or higher ( +0.5 trigger), USD/JPY should go up by about 30 pips or more.
This is the first release out of the three versions of the US GDP, and if the tradable trigger is hit, I don't think you could possibly lose money with a such deviation. This is a news report worth trading.
Good luck.
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