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UK Prelim GDP q/q | July 28, 2015

[b]DEVIATION: 0.3% (BUY GBP 1.0% / SELL GBP 0.4%)
Since this is the first release of the second quarter GDP for 2015 (Q2 2015), we´re likely to get a huge reaction if we get a surprise today, as most first releases are what the market looks to. Considering the recent positive trend in the economic data, we may get a strong surprise release today.
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Our surprise factor is around 0.3% as we´ll look to possibly SELL GBP at 0.4% or worse, and BUY GBP at 1.0% or better.Historically, if there
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(BUY AUD 1.1% / SELL AUD 0.5%)

Here is the plan, if we get a better than expected CPI data, we should see an instant appreciation of AUD by at least of 40 pips within the hour, but if we get a worse than expected number, AUD should drop and we should expect the market to consolidate. Of course, the deviation that I am looking for must be at least 0.3%, or I will skip the after news trade… On a minimum release of 1.1%, I would buy AUD/USD after a decent retracement. If we get a 0.5% or worse release, I’d SELL AUD/USD immediate
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