Pair: GBP/USD or British Pound Futures
Result: Buy
Prior: -7.1B (revised to -7.0B)
Expected: -7.0B
Actual: -6.2B
I used a .5 deviation for a weak signal and .6 for a strong signal and we had .8 deviation. I got filled at 1.9313 2 seconds after the release came out and I expected price to move a good 20-30 ticks however it started hesitating so I moved my stop to break-even + 1. A few seconds later price collapsed and stopped me out of 1 tick profit which I’ll hand over to my broker.
Tape:
Description
Measures the difference in value between imported and exported goods. A positive Trade Balance indicates that more goods were exported than imported over a given period. A rising trend has a positive effect on the nation’s currency. When higher levels of exports are sold to the world, demand for the nation’s currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.
