A New Way To Trade The News: An Overnight Trade For GBP/USD
Here’s another opportunity for overnight trading: Early on Tuesday morning, December 23, 2014, at 4:30 AM, the United Kingdom will release several reports that will have varying effects on the GBP.
The reports that will have the most effect on trading will be the Gross Domestic Product (GDP), the Current Account, the Business Investment and the British Bankers’ Association (BBA) Mortgage Approvals.
Of course, all of these reports measure different aspects of things that feed into an economy, but they all share the same outcome as far as how to regard them in your trading.
If any of the reports come out with a higher than expected reading, it should be viewed as positive for the GBP. If the reading is lower than expected, it should be considered negative for the GBP.
What's an "ideal trade"?
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