The Fundamental FOREX Blog

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

These reports were released along with the GBP – Retails Price Index YoY and the GBP – DCLG UK House Prices YoY.

The last time this report was released was on Tuesday, 11-17-09 at 4:30 AM ET .

I did a “previous” post of this months reports on Monday, 12-14-09, click here to see.

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 what happened for this months reports:

GBP – Consumer Price Index YoY stats:

previous = 1.5%

forecast = 1.8%

Actual = 1.9%
Good – higher then “forecast” by 0.1%,
Good – higher then “previous” by 0.4%.

GBP – Core Consumer Price Index YoY stats:

previous = 1.8%

forecast = 1.8%

Actual = 1.9%
Good – higher then “forecast” by 0.1%,
Good – higher then “previous” by 0.1%.

Here is how I was set up:

GBP 2-30AM-12-15-09
Difference 0.2% – trade the spike?
Actual > Forecast = Good for GBP

GBP CPI y/y
.          Actual        forecast            previous
.             1.9%            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 1.9%     1.8% 1.8%

Here are the charts:

a one minute EUR/GBP currency chart

This currency pair EUR/GBP had a spike up 1st minute about 10 PIPS – wrong direction
Move down next 36 minutes about 18 PIPS – right direction

a one minute EUR/JPY currency chart

This EUR/JPY currency pair had a small move up 1st two minutes
Move down next 31 minutes about 21 PIPS .

a one minute EUR/USD currency chart

This EUR/USD currency pair had a small move down 1st for three minutes about 10 PIPS
Move up next 23 minutes about 20 PIPS

a one minute GBP/CHF currency chart

This GBP/CHF currency pair had a spike up 9 PIPS, then down about 33 PIPS 1st minute – wrong direction
Move up next 34 minutes about 39 PIPS - right direction

a one minute GBP/JPY currency chart

This GBP/JPY currency pair ranged – 25 PIP spread!

a one minute GBP/USD currency chart

This GBP/USD currency pair spiked up 8 PIPS, then down 30 PIPS 1st minute – wrong direction
Moved up next 10 minutes about 38 PIPS – right direction

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!