The Fundamental FOREX Blog

On Tuesday, 03-23-10, at 6:00AM ET the GBP U.K. Distributive Trades Survey report  will be released as a “stand-alone” report.

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

I posted a “preview“ of this report. Click here to see what happened.

Here is what is happening this month:

GBP U.K. Distributive Trades Survey Stats:

Previous = 23

Forecast = 20—————-revised = 18

Actual = 13

Here is how I am set up for this report:

GBP-5-00AM-03-23-10
Looking for 16 difference
Actual > Forecast = Good for GBP
GBP CBI Realized Sales
——actual——–forecast——–previous
_____13________20__________23
_______________18
out at 34 or higher – BUY GBP/CHF
out at 02 or lower – SELL GBP/CHF
Bad – “actual” came lower then “forecast” by 7
Bad – “actual” came lower then revised “forecast” by 5
Bad – “actual” came lower then revised “previous” by 10

Did not enter a trade this time!!!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair minor move up 1st minute
Moved down next 47 minutes about 23 PIPS – wrong direction

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair minor move down for 10 minutes
Minor move up.
Ranged!

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair moved down for 52 minutes about 27 PIPS

(GBP/CHF)

GBP-CHF-currency chart

This GBP/CHF currency pair ranged for 4 minutes
Moved up for 44 minutes about 47 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved down 1st 5 minutes about 18 PIPS – right direction
Moved up next 9 minutes about 33 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down 1st 4 minutes about 15 PIPS – right direction
Moved up next 10 minutes about 27 PIPS – wrong direction

The next time this report is scheduled for release is on Wednesday, 04-28-10 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!