Tomorrow, Tuesday 09-08-09 at 4:30 AM ET the GBP Industrial Production MoM and YoY, and Manufacturing Production MoM and YoY will be released.
These two reports stand alone at this time, the last time they were reported alone was on Tuesday, 07-07-09 at 4:30 AM ET.
On Monday, 07-13-09 I wrote a “results” post, click here for a review.
The Industrial Production reports appears to have the greatest impact on the currency markets, but the impact can be even greater if the Industrial Production and Manufacturing Production both come out moving in the same direction, both negative or positive.
My post for reports on 07-07-09, will show how things do not turn out as predicted.
Check the last “results” post to see what I mean – all GBP involved currency charts moved in favor of the GBP after the initial spike in favor.
These reports are released by the UK National Statistics Publication Hub.
Lets set this up for 09-08-09.
GBP – Industrial Production MoM and YoY stats:
Previous = 0.5%
Forecast = 0.3%
GBP – Manufacturing Production MoM and YoY stats:
Previous = 0.4%
Forecast = 0.3%
The reports released on 07-07-09 were both negative for the GBP, but the GBP involved currency pairs moved in the opposite direction from my “prediction”.
The currency pair GBP/JPY moved the most PIPS on 07-07-09, so I will be set up to trade this pair, maybe against the reports outcome.
I will post a “follow up” soon after these reports are released.
The next scheduled release of this report will be on Tuesday, 10-06-09 at 4:30 AM ET.
Stay tuned!
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