RPMFx US GDP 8:30 AM EST 4/30/2010
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Matt
Apr 29, 2010, 8:11:08 PM4/29/10
to RPMFx
The U.S. Gross Domestic Product (GDP) measures the total value of all
goods and services producedby the economy. A rising trend has a
positive effect on the nation's currency. GDP is the broadest measure
of activity and the primary gauge of the economy's health. To foreign
investors, a strong economy is viewed favorably because it spurs
investment opportunities in the domestic stock and bond markets. More
importantly, the central bank is more likely to raise interest rates
in the face of a strong and growing economy.
The Advance release is the earliest and thus tends to have the most
impact.
The annualized Q/Q forecast is 3.4%
A deviation of 0.5 should move the market 20 to 40 pips on the USDJPY
A deviation of 0.8 should move the market 40 to 90 pips on the USDJPY
A 50%-100% retracement is common anywhere from 5minutes to 1-2 hours
after the release and in the last
6 months has been very risky to trade the bounce for anything more
than 10-20 pips.
The retail positioning ratio is fairly steady at about 1.7 showing
there are 1.7 buyers for every seller. Since the RPM is a contrarian
indicator, this would suggest there is a bigger downside move off this
report.
For live retail positioning information - click here
This has been fairly consistent level throughout this week.
goods and services producedby the economy. A rising trend has a
positive effect on the nation's currency. GDP is the broadest measure
of activity and the primary gauge of the economy's health. To foreign
investors, a strong economy is viewed favorably because it spurs
investment opportunities in the domestic stock and bond markets. More
importantly, the central bank is more likely to raise interest rates
in the face of a strong and growing economy.
The Advance release is the earliest and thus tends to have the most
impact.
The annualized Q/Q forecast is 3.4%
A deviation of 0.5 should move the market 20 to 40 pips on the USDJPY
A deviation of 0.8 should move the market 40 to 90 pips on the USDJPY
A 50%-100% retracement is common anywhere from 5minutes to 1-2 hours
after the release and in the last
6 months has been very risky to trade the bounce for anything more
than 10-20 pips.
The retail positioning ratio is fairly steady at about 1.7 showing
there are 1.7 buyers for every seller. Since the RPM is a contrarian
indicator, this would suggest there is a bigger downside move off this
report.
For live retail positioning information - click here
This has been fairly consistent level throughout this week.
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