Tomorrow, Tuesday, 12-08-09 at 4:30 AM ET the GBP Industrial Production MoM and YoY, and Manufacturing Production MoM and YoY reports will be released.
These two reports stand alone at this time.
On Saturday, 11-07-09 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 report last month.
These reports are released by the UK National Statistics Publication Hub.
Lets set this up for 12-08-09.
GBP – Industrial Production MoM stats:
Previous = 1.6%
Forecast = 0.5%
Manufacturing Production MoM stats:
Previous = 1.7%
Forecast = 0.5%
I entered 3 trades of the GBP/USD currency pair last month, had 1 loss and two wins.
I will probably set up for a GBP/USD or GBP/JPY currency pair trade again, that is if the “actual” comes out 0.4% to 0.8% or more 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 happened.
The next scheduled release of this report will be on Tuesday, 01-12-10 at 4:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
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