The Fundamental FOREX Blog

Tomorrow, Monday 04-12-10 at 5:01 PM ET, the GBP RICS House Price Balance
report will be released.

This report will be released with one other economic news report -

GBP BRC Retail Sales Monitor y/y

I did post a “follow up” of last months report, click here to see what happened.

The RICS House Price Balance report is released by the U.K.s RICS, Royal Institution of Chartered Surveyors on a monthly basis.

GBP BRC Retail Sales Monitor y/y is released by the British Retail Consortium.

Here is the set up for last month and the results:

GBP RICS House Price Balance Stats:

Previous = 17%

Forecast = 1.7%

Here is how I am set up:

GBP 7-01PM-ET-04-12-10-risky
Looking for a 2.0% difference
Actual > Forecast = Good for GBP
GBP RICS House Price Balance
——actual———-forecast———-previous
________________1.7%__________17%
Out at 3.7% or higher – BUY GBP/JPY
Out at -0.3% or lower – SELL GBP/JPY

I did not execute a trade last month.

I did post a “follow up” of this report soon after, click here to see what happened.

The next scheduled release of these reports is on Monday, 05-10-10 at 7:01 PM ET.

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

Stay tuned!