The Fundamental FOREX Blog

On Thursday, 12-17-09 at 4:30 AM ET, the GBP Retail Sales MoM was released.

This report will be released with two other economic news reports.

GBP Retail Sales YoY
GBP Consumer Inflation Expectations

I posted a “preview” of this report on Wednesday, 12-16-09, click here for a review.

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

And the Consumer Inflation Expectations report is released by the Bank of England.

For an idea how this report worked out, here is what happened:

GBP Retail Sales MoM stats:

previous = 0.4% .         revised = 0.6%

forecast = 0.5%

Actual = -0.3%
Bad – actual came out lower then the “forecast” by 0.8%,
actual came out lower then the “previous” by 0.7%
actual came out lower then  the revised “previous” by 0.9%.

Here are the charts:

a one minute EUR/GBP currency chart

This EUR/GBP currency pair spiked up 1st two minutes about 40 PIPS – right direction
Moved down the next 4 minutes about 19 PIPS – wrong direction
Moved up next 19 minutes about 21 PIPS – right direction

a one minute EUR/JPY currency chart

This EUR/JPY currency pair ranged for 12 minutes
Moved down the next 46 minutes about 37 PIPS.

a one minute EUR/USD currency chart

This EUR/USD currency pair moved down for 18 minutes about 40 PIPS.

a one minute GBP/CHF currency chart

This GBP/CHF currency pair spiked down 1st two minutes about 75 PIPS – right direction
Moved up the next 4 minutes about 35 PIPS – wrong direction
Moved down next 51 minutes about 50 PIPS – right direction

a one minute GBP/JPY currency chart

This GBP/JPY currency pair spiked down 1st two minutes about 77 PIPS – right direction
Moved up the next 10 minutes about 42 PIPS – wrong direction
Moved down next 46 minutes about 70 PIPS – right direction

a one minute GBP/USD currency chart

This GBP/USD currency pair spiked down 1st two minutes about 80 PIPS – right direction
Moved up the next 10 4 minutes about 37 PIPS – wrong direction
Moved down next 46 52 minutes about 80 PIPS – right direction -
winning trade with this pair

The next scheduled release of these reports is on Friday, 01-22-10 at 4:30 AM ET.

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

Stay tuned!