Tomorrow, Thursday 11-05-09 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, 10-06-09 at 4:30 AM ET.
On Sunday, 10-11-09 I wrote a “follow up” post, 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 – which they did last month.
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 11-05-09.
GBP – Industrial Production MoM stats:
Previous = -1.9%
Forecast = 1.2%
Manufacturing Production MoM stats:
Previous = -1.9%
Forecast = 1.1%
I had a good trade with GBP/USD last month, and it moved real well – about 74 PIPS in 8 minutes – so…
I will probably set up for a GBP/USD currency pair trade again, 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.
Be sure to check out my “follow up” post for last month, click here!
I did post a “follow up” of these reports, click here to see what happend.
The next scheduled release of this report will be on Tuesday, 12-08-09 at 4:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
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