The Fundamental FOREX Blog

Tomorrow, Tuesday, 12-15-09 at 4:30 AM ET, the GBP – Consumer Price Index YoY and Core Consumer Price Index YoY reports will be released.

These reports will be released along with:

GBP – Retails Price Index YoY

GBP – DCLG UK House Prices YoY

This report is released by the U.K.s National Statistics on a monthly basis.

The House Prices Index is released monthly by Communities and Local Government.

Here is the set up for tomorrows report:

GBP – Consumer Price Index YoY stats:

previous = 1.5%

forecast = 1.8%

Actual > Forecast = Good for GBP

The “forecast” for this report shows a possibility of a up turn of the GBP economy.

GBP – Core Consumer Price Index YoY stats:

previous = 1.8%

forecast = 1.8%

Here is my set up for tomorrow:

GBP 2-30AM-12-15-09
Difference 0.2% – trade the spike?
GBP CPI y/y
.            Actual          forecast           previous
.                                   1.8%               1.5%
Out at 2.0% or higher – BUY GBP/JPY
.       After the spike up??
Out at 1.6% or lower – SELL GBP/JPY
.       After the spike down??

0.3% diff.
GBP Core CPI y/y 1.8%         1.8%

Look for both GBP – CPI’s to go in the same direction.

I did post a “follow up” of last months report, click here to see what happened.

I did post a “follow up” of these reports soon after, click here to see what happened.

The next scheduled release of these reports is on Tuesday, 01-12-10 at 4:30 AM ET.

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

Stay tuned!