The Fundamental FOREX Blog

On Tuesday 10-27-09, at 7:00AM ET the GBP U.K. Distributive Trades Survey report  will be released as a “stand-alone” report.

This will be my first post of this report.

The U.K. Distributive Trades Survey is released by The Confederation of British Industry monthly.

The last time this report was released was on Tuesday, 09-29-09 at 6:00 AM ET.

Lets take a look at what happened with this news release:

GBP U.K. Distributive Trades Survey Stats:

Previous = -16

Forecast = -15

Actual = 3
Good – higher then the “forecast” by 18, and higher then the “previous” by 19.

I did set up to do a trade of currency pair EUR/GBP if the “actual” came out a 16 point different from the “forecast”, which it did, and I executed a small “scalp” winner.

All six of the currency pairs that I watch moved well enough for some good “scalp” trading, some better then others – the currency pair GBP/CHF made an impressive move.

Here are the charts:

a one minute EUR/GBP chart

This EUR/GBP currency pair had been moving down the previous 20 minutes, and continued its move down upon the report release for the next 42 minutes about 62 PIPS.

I entered a “sell” trade and “scalped” a small win.

a one minute EUR/JPY chart

This EUR/JPY currency pair moved up for 19 minutes about 32 PIPS – then reversed down.

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 7 minutes about 20 PIPS – then reversed down next 31 minutes about 53 PIPS.

a one minute GBP/CHF chart

This GBP/CHF currency pair had been moving up the previous 20 minutes, and continued its move up when the report was released for the next 42 minutes about 120 PIPS.

This currency pair could have yielded some good “scalps”!!

a one minute GBP/JPY chart

This GBP/JPY currency pair had been moving up the previous 21 minutes, and continued its move up when the report was released for the next 42 minutes about 103 PIPS.

This currency pair could have yielded some good “scalps” as well!!

a one minute GBP/USD chart

This GBP/USD currency pair had been moving up the previous 21 minutes, and continued its move up when the report was released for the next 42 minutes about 90 PIPS.

I believe I will be setting up to trade the GBP/CHF currency pair for this report, pretty much the same 16 point difference between the “actual” and the “forecast”.

I did write a “follow up” post soon after this release, click here to see what happened.

The next time this report is scheduled for release is on Tuesday, 11-27-09 at 7:00 AM ET – possibly a “stand-alone” report again.

I will probably post a “preview” a day or two prior.

Past performances are not an indication of future results

So—Stay tuned!