The Fundamental FOREX Blog

On Tuesday 07-13-10 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!! – not enough difference!

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

GBP Consumer Price Index YoY stats:

previous = 3.4%

forecast = 3.2%

Actual = 3.2%

Here is how I was set up:

GBP 4-30AM-ET-07-13-10
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_____3.2%_______3.2%_______3.4%
Out at 3.4% or higher – BUY GBP/CAD
Out at 3.0% or lower – SELL GBP/CAD
Neutral – “actual” came out same as “forecast”
Bad – “actual” came out lower then “previous” by 0.2%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down for 51 minutes about 40 PIPS

(EUR/USD)

a one minute EUR/USD currency chart

This EUR/USD currency pair ranged for 13 minutes
Moved up for 9 minutes about 16 PIPS

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved up for 56 minutes about 60 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved up for 56 minutes about 100 PIPS

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved up for 56 minutes about 98 PIPS

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved up for 56 minutes about 109 PIPS

The next scheduled release of these reports is on Tuesday, 08-17-10 at 4:30 AM ET.

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

Stay tuned!