Tomorrow, Wednesday, 01-13-10 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, 12-12-09 I wrote a “follow up” post of last months results, 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 = 0.0%
Forecast = 0.3%
Manufacturing Production MoM stats:
Previous = 0.0%
Forecast = 0.3%
I entered 3 trades of the GBP/USD currency pair last month, had 2 losers and 1 win.
Here is how I am set up for tomorrow:
GBP-2-30AM-01-13-10
Looking for a 0.4% difference
Actual > Forecast = Good for GBP
GBP Industrial Production (MoM)
——actual———-forecast———-previous
________________0.3%________0.0%
Out at 0.7% or higher – BUY GBP/USD
Out at -0.1% or lower- SELL GBP/USD
GBP Manufacturing Production m/m 0.3% 0.0%
Watch for conflict
Be sure to check out my “follow up” post for these reports, click here!
The next scheduled release of this report will be on Tuesday, 02-09-10 at 4:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
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