The Fundamental FOREX Blog

On Tuesday, 12-01-09 at 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report is scheduled for release.

I did a “follow up” post last month on Friday, 11-06-09 , click here for a review.

This months report is a “stand alone” report again.

This report is now released by Markit

There is one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time. Be sure to take a look at what happened last month.

Prior to the present market conditions, a difference of 4 or 5 from the “forecast” could cause a good market move.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 53.7

Forecast = 54.1

I am going to use a 1.8 “actual” difference figure from the “forecast” to indicate a possible surprise to the currency trading market. And will be set up to trade the currency pair GBP/JPY this time.

If the “actual” comes out higher than the “forecast” by 1.8, that would be good for the GBP and currency pairs involving the GBP could move in favor of the GBP – the opposite of course could happen if the “actual” is less than “forecast”.

I did post a “follow Up”, click here to see what happened.

Be sure to check out last months “follow up” post to see how the market reacted after the report was released. Click here.

Now we all know that past performances are not an indication of future results!

It appears that the next scheduled release of this report will be on Monday, 01-04-10, however, at times scheduling of releases may change.

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

Stay tuned!