The Fundamental FOREX Blog

On Wednesday, 01-27-10, at 6:00AM ET the GBP U.K. Distributive Trades Survey report  was released as a “stand-alone” report.

The U.K. Distributive Trades Survey is released by The Confederation of British Industry monthly.

The last time this report was released was on Tuesday, 01-26-10 at 6:00 AM ET. Click here to see my “preview” post.

Here is what is happening this month:

GBP U.K. Distributive Trades Survey Stats:

Previous = 13

Forecast = 12

Actual = -8

Here is how I am set up for this report:

GBP-6-00AM-01-27-10
Looking for 16 difference
Actual > Forecast = Good for GBP
GBP CBI Realized Sales
——actual———-forecast———-previous
____-8__________12___________13
out at 28 or higher – BUY GBP/CHF
out at -04 or lower – SELL GBP/CHF
Bad – “actual” came out lower then “forecast” by 20
Bad – “actual” came out lower then “previous” by 21

Here are the charts:

a one minute EUR/GBP chart

This EUR/GBP currency pair minor ranging for 4 minutes
Moved up next 14 minutes about 16 PIPS – right direction
Moved down next 35 minutes about 17 PIPS – wrong direction

a one minute EUR/JPY chart

This EUR/JPY currency pair had moved up/down for 10 minutes about 15 PIPS/ 12 PIPS
Moved up next 14 minutes about 30 PIPS
Ranged!

a one minute EUR/USD chart

This EUR/USD currency pair moved up for 18 minutes about 21 PIPS
Moved down next 19 minutes about 10 PIPS

a one minute GBP/CHF chart

This GBP/CHF currency pair moved up 1st minute about 9 PIPS – wrong direction
Moved down next 17 minutes about 33 PIPS – right direction
Had 2 winning trades here!!

a one minute GBP/JPY chart

This GBP/JPY currency pair ranged!!
Not a good opportunity for a trade or “scalp” here!

a one minute GBP/USD chart

This GBP/USD currency pair ranged!!
Not a good opportunity for a trade or “scalp” here!

The next time this report is scheduled for release is on Thursday, 02-25-10 at 6:00 AM ET – possibly a “stand-alone” report again.

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

Past performances are not an indication of future results

So—Stay tuned!