The Fundamental FOREX Blog

On Thursday, 06-17-09 at 4:30 AM ET, the GBP Retail Sales MoM report was released.

This report will be released along with:
EUR – ECB Monthly Bulletin

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

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

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

GBP Retail Sales MoM stats:

previous = 0.3%————-revised = 0.0%

forecast = 0.1%

Actual = 0.6%

Here is how I was set up and what happened:

GBP-4-30AM-ET-06-17-10
Looking for a 1.0%  difference
Actual > Forecast = Good for GBP
GBP Retail Sales m/m
——actual——-forecast——-previous
_____________0.1%_______0.3%
_____0.6%____ 0.1%______ 0.0%
Out at -0.9% or lower -  SELL GBP/CHF
Out at 1.1% or more -  BUY GBP/CHF
Good – came out higher then “forecast” by 0.5%
Good – came out higher then “previous” by 0.3%
Good – came out higher then revised “previous” by 0.6%

Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down for 8 minutes about 18 PIPS – right direction
Moved up for 41 minutes about 29 PIPS – wrong direction

(EUR/JPY)

a one minute EUR/JPY currency chart

This EUR/JPY currency pair moved up for 50 minutes about 60 PIPS

(EUR/USD)

a one minute EUR/USD currency chart

This EUR/USD currency pair moved up for 48 minutes about 67 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair ranged!

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved up for 19 minutes about 48 PIPS – right direction

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved up for 56 minutes about 86 PIPS – right direction

The next scheduled release of these reports is on Friday, 07-16-10 at 4:30 AM ET.

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

Stay tuned!