The Fundamental FOREX Blog

On Tuesday 02-16-10 at 4:30 AM ET, the GBP Consumer Price Index YoY report was released.

Also 2 other reports:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY

I posted a “preview” post of this report, click here to see what happened.

This was my first posting of these news reports.

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

And Communities and Local Government.

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

GBP Consumer Price Index YoY stats:

previous = 2.9%

forecast = 3.6%

Actual = 3.5%

Here is how I was set up and what happened:

GBP 2-30AM-02-16-10
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual———-forecast———-previous
_____3.5%_______3.6%________2.9%
Out at 3.8% or higher – BUY GBP/USD
Out at 3.4% or lower – SELL GBP/USD
Bad – “actual” came out lower then “forecast” by 0.1%
Good – “actual” came out higher then “previous” by 0.6%

Here are the charts:

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved  down 1st 7 minutes about 12 PIPS
Moved up next 24 minutes about 10 PIPS

a one minute EUR/USD currency chart

This EUR/USD currency pair small move  down – then up in 4 minutes
Moved down next 13 minutes about 23 PIPS

a one minute GBP/CAD currency chart

This GBP/CAD currency pair spike up/down/up 1st minute
Move  up next 7 minutes about 20 PIPS
Moved down next 10 minutes about 25 PIPS

a one minute GBP/CHF currency chart

This GBP/CHF currency pair move down/up/down 1st minute
Move  up next 8 minutes about 21 PIPS
Moved down next 25 minutes about 20 PIPS

a one minute GBP/JPY currency chart

This GBP/JPY currency pair move down/up/down 1st minute
Move  up next 5 minutes about 15 PIPS
Moved down next 12 minutes about 37 PIPS

a one minute GBP/USD currency chart

This GBP/USD currency pair move down/up/down 1st minute
Move  up next 5 minutes about 19 PIPS
Moved down next 12 minutes about 35 PIPS

The next scheduled release of these reports is on Friday, 03-16-10 at 4:30 AM ET.

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

Stay tuned!