On Thursday, 07-22-09 at 4:30 AM ET, the GBP Retail Sales MoM report was released.
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 = 0.6%————-revised = 0.8%
forecast = 0.5%
Actual = 0.7%
Here is how I was set up and what happened:
GBP-4-30AM-ET-07-22-10
Looking for a 1.0% difference
Actual > Forecast = Good for GBP
GBP Retail Sales m/m
——actual——-forecast——-previous
_____________0.5%_______0.6%
______0.7%___ 0.5%______ 0.8%
Out at -0.5% or lower - SELL GBP/CHF
Out at 1.5% or more - BUY GBP/CHF
On retrace
Good – “actual” came out higher then “forecast” by 0.2%
Good – “actual” came out higher then “previous” by 0.1%
Bad – “actual” came out lower then revised “previous” by 0.1%
Did not enter a trade this time!
Here are the charts:
(EUR/GBP)
This EUR/GBP currency pair moved down for 60 minutes about 27 PIPS – right direction
(EUR/JPY)
This EUR/JPY currency pair moved up for 32 minutes about 60 PIPS
(EUR/USD)
This EUR/USD currency pair moved up for 32 minutes about 23 PIPS
(GBP/CHF)
This GBP/CHF currency pair moved up 1st 2 minutes about 30 PIPS – right direction
Moved down next 2 minutes about 24 PIPS – wrong direction
Moved up next 16 minutes about 33 PIPS – right direction
(GBP/JPY)
This GBP/JPY currency pair moved up 32 minutes about 94 PIPS – right direction
(GBP/USD)
This GBP/USD currency pair moved up 32 minutes about 80 PIPS – right direction
The next scheduled release of these reports is on Friday, 08-20-10 at 4:30 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!


































