The Fundamental FOREX Blog

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

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

I posted a “preview” of this report on Monday, 10-26-09, click here for a review.

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

GBP U.K. Distributive Trades Survey Stats:

Previous = 3

Forecast = 6

Actual = 8
Good – higher then the “forecast” by 2, and higher then the “previous” by 5.

But not good enough to surprise the traders and move the market in favor of the GBP except for maybe during the first few minutes after the report release.

I did set up to do a trade of currency pair GBP/CHF if the “actual” came out a 16 point difference from the “forecast”, which it did NOT, so I did not venture a trade.

Here are the charts:

a one minute EUR/GBP chart

This EUR/GBP currency pair had a minor move down the 1st five minutes about 8 PIPS – then reversed up the next 40 minutes about 29 PIPS.

a one minute EUR/JPY chart

This EUR/JPY currency pair had a minor move down the 1st four minutes about 6 PIPS – then reversed up the next 10 minutes about 18 PIPS.

a one minute EUR/USD chart

This EUR/USD currency pair had a minor move down the 1st three minutes about 8 PIPS – then reversed up the next 7 minutes about 12 PIPS – reversed down the next 42 minutes about 18 PIPS.

a one minute GBP/CHF chart

This GBP/CHF currency pair had a minor move up the 1st five minutes about 15 PIPS – then reversed down the next 37 minutes about 55 PIPS.

a one minute GBP/JPY chart

This GBP/JPY currency pair had a minor move up the 1st five minutes about 14 PIPS – then reversed down the next 37 minutes about 62 PIPS.

a one minute GBP/USD chart

This GBP/USD currency pair had a minor move up the 1st five minutes about 13 PIPS – then reversed down the next 43 minutes about 63 PIPS.

In spite of this report being good for the GBP, the market went against the GBP in the currency pairs I watch – I could find reason why, perhaps someone in the audience could help us out here.

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!