The Fundamental FOREX Blog

On Tuesday 06-15-10 at 4:30 AM ET, the GBP Consumer Price Index YoY report was released.

Also 3 other reports:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY
GBP DCLG HPI YoY

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

The CPI and RPI are released by the U.K.s National Statistics on a monthly basis.

Did not enter a trade this time!!

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

GBP Consumer Price Index YoY stats:

previous = 3.7%

forecast = 3.5%

Actual = 3.4%

Here is how I was set up:

GBP 4-30AM-ET-06-15-10
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_____3.4%_______3.5%_______3.7%
Out at 3.7% or higher – BUY GBP/CAD
Out at 3.3% or lower – SELL GBP/CAD
Bad – “actual” came out lower then “forecast” by 0.1%
Bad – “actual” came out lower then “previous” by 0.3%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved up for 26 minutes about 41 PIPS – right direction

(EUR/USD)

a one minute EUR/USD currency chart

This EUR/USD currency pair small move down 1st 2 minutes
Moved up for 28 minutes about 30 PIPS

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved down for 24 minutes about 69 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved down for 23 minutes about 79 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved down for 32 minutes about 63 PIPS – right direction

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved down for 32 minutes about 61 PIPS – right direction

The next scheduled release of these reports is on Tuesday, 07-13-10 at 4:30 AM ET.

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

Stay tuned!