GDP trade for tomorrow:
Today at 10:20 AM ET, I’ll be appearing on CNBC’s Squawk on the Street going over this trade. As always, adjust the levels to new information and movement. Q4 US GDP and market is expecting 3.0%.
If US GDP<3.0%, Buy USD/Sell SEK.
If US GDP=3.0-3.5%%, do nothing.
If US GDP>3.5%, Buy MXN/Sell JPY.
I think the risk is for a stronger than expected GDP, so let’s do the MXN/JPY trade.
Entry 5.8800 (hoping for a pullback today)
S/L 5.7850 (below recent breakout highs, should be support)
T/P 6.2850 (below highs of August)
One Comment
Hi Andrew,
Thank you for all your great input.
About GDP, the Fed’s has to know the #! If they are going to be so open to MP,
They may be ahead of a bad print.
Thank’s
M