Event-driven Trade: If US GDP deviates by >0.2 from forecasts
Today we have a decent trading opportunity with US GDP - preliminary. USDJPY is setting itself up for a nice possible event-driven move. If we see GDP at 3.4% or better, I am going to buy into the spike and look at 40-50 pips take profit. Depending on the size of a possible negative reading, I will hold a sell to the 109 area.
Simultaneously, will be playing GOLD and 30Y treasury bonds.
Simultaneously, will be playing GOLD and 30Y treasury bonds.
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