GBP GDP trading with +27 pips in profit
newdigital, 2013.07.25 10:53
2013-07-25 08:30 GMT (or 10:30 MQ MT5 time) | [GBP - Gross Domestic Product (GDP)]
If actual > forecast = good for currency (for GBP in our case)
U.K. Q2 GDP Growth Picks Up :
The U.K. economy
expanded at a faster pace as expected in the second quarter on a
widespread support from production, construction and services.
increase in gross domestic product doubled to 0.6 percent from 0.3
percent in the first quarter, preliminary estimate published by the
Office for National Statistics showed Thursday. The growth rate matched
As expected, GDP was 1.4 percent higher in the second quarter compared with a year ago.
largest contribution to GDP growth came from services, which expanded
0.6 percent sequentially. Further, construction output grew 0.9 percent,
recovering from a 1.8 percent fall in the first quarter, when output
was at its lowest level since the start of 2001.
percentage points to GDP, overall production advanced 0.6 percent,
within which manufacturing grew 0.4 percent, it said.
MetaTrader Trading Platform Screenshots
GBPUSD, M5, 2013.07.25
MetaQuotes Software Corp., MetaTrader 5, Demo
I opened 2 pending orders (buy stop and sell stop) using just mouse on the chart, moved those orders to be a little closer to support/resistance lines (those lines are drawing by this indicator) ... and wait ...sell stop order was executed, I placed stop loss and take profit, and the trade was closed in profit with 27 pips (4 digit pips).
I think - I closed this sell trade for GBPUSD too early - see the image :
I mean: trading news events is not taking some profit within 1 or 2 minutes. Trading news events is just simple normal trading (same as trading the breakout systems).
This is interesting situation will be going on the next week - just see the image :
If this Chinkou Span line (see image; this is one of the lines in standard Ichimoku indicator in Metatrader 5) will cross historical price (from above to below) so we will have good breakdown (gowntrend) for USDCHF for the next week.
The similar but opposite situation is for EURUSD D1: if this Chinkou Span line will cross historical price from below to above so we will get good mobement for this pair - good uptrend :
EURUSD, D1, 2013.07.25
possible breakout next week
+22 pips price movement on JPY CPIs - see below :
USDJPY, M5, 2013.07.26
usdjpy +22 pips
newdigital, 2013.07.26 08:44
2013-07-25 23:30 GMT (or 01:30 MQ MT5 time) | [JPY - Consumer Price Index (CPI)]
If actual > forecast = good for currency (for JPY in our case)
Basicly - there are many CPI news events coming on the same time for JPY. But high impacted events are core and monthly. I mean:
But as those JPY CPI news events are coming on the same time and as there are many of them (National CPI yearly and monthly, Tokyo CPI yearly and monthly, and core value of those CPI's) so any economic calendar is estimating just 1 or 2 of them. Of course, USDJPY price is moved according to the values of all JPY CPI's value. So, just some press releases about JPY CPI (read below).
Japan Core CPI Jumps 0.4% On Year In June :
Core consumer prices in Japan spiked 0.4 percent on year in June,
the Ministry of Internal Affairs and Communications said on Friday -
marking the fastest annual increase since November.
The data also
sparks hope that the country may finally be starting to pull out of the
deflationary spiral in which it has been trapped for more than a decade.
numbers likely are in response to the aggressive policy measures that
Prime Minister Shinzo Abe and the Bank of Japan have put into place. The
BoJ has set a target of 2 percent inflation in two years.
The headline figure beat forecasts for an increase of 0.3 percent on year following the flat annual reading in May.
inflation was up 0.2 percent on year, also topping expectations for a
0.1 percent increase following the 0.3 percent contraction in the
By category, prices for fuel jumped 5.7 percent on
year, followed by communication (1.8 percent), education (0.5 percent)
and clothing (0.2 percent).
The gains were offset by furniture
costs, which dipped 2.4 percent, recreation (1.2 percent), food (0.9
percent) and housing (0.5 percent).
Both overall CPI and core inflation were flat on month after adding 0.1 percent and 0.2 percent on month, respectively, in May.
By category, prices for fuel climbed 1.0 percent on month, while medical care costs were up 0.1 percent.
Furniture prices were down 0.4 percent and recreation costs dipped 0.3 percent.
Core inflation for the Tokyo region - considered a leading indicator
for the nationwide trend - was up 0.3 percent on year in July. That was
in line with expectations and up from 0.2 in June.
Overall CPI for Tokyo jumped 0.4 percent on year, beating forecasts for 0.2 percent following the flat reading in June.
By category, prices for fuel spiked 9.0 percent on year, followed by communications (1.2 percent) and education (0.3 percent).
gains were offset by furniture costs, which lost 2.5 percent on year,
while recreation costs lost 1.0 percent, medical care was down 0.8
percent and housing dipped 0.7 percent.
On month, core CPI in Tokyo was flat, while overall inflation added 0.2 percent.
By category, fuel costs were up 1.1 percent on month, while costs for communications and food were up 0.8 percent apiece.
Clothing prices declined 3.0 percent on month, while medical care eased 0.3 percent and housing fell 0.2 percent.
newdigital, 2013.07.26 16:45
2013-07-25 13:55 GMT (or 15:55 MQ MT5 time) | [USD - Reuters/Michigan Consumer Sentiment Index (Jul)]
If actual > forecast = good for currency (for USD in our case)
U.S. Consumer Sentiment Improves To Six-Year High In July :
Consumer sentiment in the U.S. improved to its best level in six
years in the month of July, according to a report released by Thomson
Reuters and the University of Michigan on Friday.
showed that the consumer sentiment index for July was upwardly revised
to 85.1 from the preliminary reading of 83.9. Economists had expected
the index to be upwardly revised to 84.0.
With the upward revision, the index is above the final June reading of 84.1 and at its highest level since July of 2007.
monthly increase by the headline index reflected an improvement in the
assessment of current economic conditions, which jumped to 98.6 in July
from 93.8 in June.
On the other hand, the report showed that the gauge of consumer expectations dipped to 76.5 in July from 77.8 in June.
high level of confidence points toward a continued expansion of
consumer spending in the year ahead," survey director Richard Curtin
said, according to Reuters.
With regard to inflation, one-year
inflation expectations rose to 3.1 percent in July from 3 percent in
June, while the five-to-ten-year inflation outlook fell to 2.8 percent
from 2.9 percent.
EURUSD, M5, 2013.07.26
eurusd 26 pips
USDCHF, M5, 2013.07.26
usdchf 22 pips
GBPUSD, M5, 2013.07.26
gbpusd 20 pips
And this is the statement for trading news events for this week (see attached) :
newdigital, 2013.07.30 06:53
2013-07-30 01:30 GMT (or 03:30 MQ MT5 time) | [AUD - Building Approvals]
If actual > forecast = good for currency (for AUD in our case)
Australia Building Approvals Contract Unexpectedly In June :
The number of dwelling units approved in Australia in June declined
unexpectedly, the latest figures from the Australian Bureau of
Statistics showed Tuesday.
Building approvals fell a seasonally
adjusted 6.9 percent month-on-month in June compared with forecast of a 2
percent increase. The number of approvals declined 4.3 percent in May.
On an annual basis, building consents contracted 13 percent. The number of approvals totaled 12,778 during the month.
many as 7,926 private sector houses were approved during the month.
This was 1.2 percent less than a month earlier and represented the first
monthly decline in six months. Year-on-year, number of private sector
houses approved rose 9.9 percent.
AUDUSD, M5, 2013.07.30
EURUSD, M5, 2013.07.30
newdigital, 2013.07.30 09:47
2013-07-30 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - Spanish GDP]
If actual > forecast = good for currency (for EUR in our case)
Spanish Economy Contracts At Slower Pace In Q2
Spanish recession eased further in the second quarter of 2013, a
preliminary report from the statistical office Ine suggested Tuesday.
gross domestic product contracted 0.1 percent quarter-on-quarter in the
second quarter of 2013, slower than a 0.5 percent fall in the first
The pace of contraction has now eased for a second consecutive quarter. The outcome was in line with economists' expectations.
GDP fell 1.7 percent in the second quarter, slower than a 2 percent
decline reported in the first quarter. Economists had forecast a 1.8
"This result was basically caused by a more
negative contribution in the domestic demand, which was compensated
partially by a positive contribution of the external demand," the
statistical office said.
Another flash estimate from Ine today
showed that the harmonized index of consumer prices rose 1.9 percent
year-on-year in July as expected. The pace of increase was weaker than a
2.2 percent rise recorded in June.
The consumer price index
increased 1.8 percent year-on-year in July, slower than 2.1 percent rise
in June. On a monthly basis, the HICP fell 1.1 percent and the CPI
decreased 0.5 percent, according to the flash estimate.