Tomorrow, Tuesday 10-06-09 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, 09-08-09 at 4:30 AM ET.
On Friday, 09-11-09 I wrote a “follow up” post, click here for a review.
Also, on Monday, 09-07-09 I wrote a “preview” of the August report, click here for a review.
The Industrial Production reports appear 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.
Check out the “follow up” link above to see what happened with the August report.
These reports are released by the UK National Statistics Publication Hub.
Lets set this up for 10-06-09.
GBP – Industrial Production MoM stats:
Previous = 0.5%
Forecast = 0.1%
Manufacturing Production MoM stats:
Previous = 0.9%
Forecast = 0.4%
I will probably set up for a GBP/USD currency pair trade, that is if the “actual” comes out 0.8% from the “forecast” of the Industrial Production MoM, hopefully all 4 reports will support one another.
The currency pair GBP/USD moved the most PIPS on 09-08-09, so I will be set up to trade this pair.
I will post a “follow up” soon after these reports are released.
The next scheduled release of this report will be on Thursday, 11-05-09 at 4:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
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