Economic announcements today

by Malcolm Pryor on 26/10/2012
Today is a good example of the importance of staying on top of announcements. Early FTSE100 index trading saw price drop as low as 5753 as US futures markets dropped overnight (poor Apple results contributing). But GDP numbers announced at 1.30 UK time showed US GDP 2.0 versus 1.9 forecast, coming powerfully out of the double dip. This made FTSE 100 shoot from 5779 to 5807 between the close of one 15 minute bar and the next. Anyone short earlier in the day should have had that announcement on their radar


Leave a Comment