Just been looking over the background for the JPY GDP tomorrow - the consensus seems to be JPY news is a dud and doesn't proceed the market that much. Just curious as to why it's flagged Red about the FF calendar?
Just been looking over the background for the JPY GDP tomorrow - the consensus seems to be JPY news is a dud and doesn't proceed the market that much. Just curious as to why it's flagged Red about the FF calendar?
I discovered this article... rather extended discussion...
http://online.wsj.com/article/SB1170...N=wsjie/6month
Could it be okay to copy and paste the article into the forum, since you need a subscription to view it all?
YesI believe so! As long as it's not promoting anything I think that it's OK. Would be interested to read thatOriginally Posted by ;
Ah yes, Japan GDP... Last Oct/Nov's GBP was a big mover. It didn't last long.
Japan's GDP is largely export and nothing much on local-driven component which came out flat to negative. After that (an hour or two afterwards ), JPY weakened.
It could have been a nice straddle/autoclick if you dare want to risk it. However, I have remained away news trading JPY news.
I would love to add to the conversation that volume on the market during the Asian session is a factor.
FJ
Was published? I'd love to checkout historic charts.
Here's a good economist article that came out last week on the Yen.
http://www.economist.com/finance/dis...ory_id=8679006
How can we forget the JPY GDP report?!? It was a stunner! I'll want to exchange this release...
Being that the WSJ and Economist are suggesting the GDP numbers are A) going to be substantially higher because of weak economic activity in July thru September because of cooler weather discouraging personal consumption and B) this release will probably be telling of the future interest rate direction....
I'm thinking there ought to at least be some decent volatility...
I didn't realize the moment; I was putting up my system when it all happend!Originally Posted by ;
When you're in a loosing streak, you just know everything you do is a looser.