The Fundamental FOREX Blog

On Thursday, 08-19-09 at 4:30 AM ET, the GBP Retail Sales MoM report was released.

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

3 Other reports were also released:

GBP Prelim Mortgage Approvals
GBP Prelim M4 Money Supply m/m

Released monthly by the Bank of England

GBP Public Sector Net Borrowing

Released monthly by the National Statistics

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

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

GBP Retail Sales MoM stats:

previous = 0.7%

forecast = 0.4%

Actual = 1.1%

Here is how I was set up and what happened:

GBP-4-30AM-ET-08-19-10
Looking for a 1.0%  difference
Actual > Forecast = Good for GBP
GBP Retail Sales m/m
——actual——-forecast——-previous
_____1.1%______0.4%_______0.7%
Out at -0.6% or lower -  SELL GBP/JPY
Out at 1.4% or more -  BUY GBP/JPY
Good – “actual” came out higher then “forecast” by 0.7%
Good – “actual” came out higher then “previous” by 0.4%

Did not enter a trade this time!
All 4 GBP related currency pairs moved well in the right direction!
The GBP/USD currency pair moved the best

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down for  25 minutes about 50 PIPS – RD

(EUR/JPY)

a one minute EUR/JPY currency chart

This EUR/JPY currency pair moved up 1st 2 minutes about 14 PIPS
Moved down next 7 minutes about 26 PIPS
Ranged for 26 minutes

(EUR/USD)

a one minute EUR/USD currency chart

This EUR/USD currency pair moved up 1st 2 minutes about 16 PIPS
Ranged for 25 minutes

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved up for 41 minutes about 122 PIPS – RD

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved up for 41 minutes about 98 PIPS – RD

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved up for 46 minutes about 130 PIPS – RD

The next scheduled release of these reports is on Friday, 09-17-10 at 4:30 AM ET.

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

Stay tuned!