The Fundamental FOREX Blog

Tomorrow, Wednesday, the 25th of  2012, the GBP-Prelim Gross Domestic Product Q/Q will be released at 4:30 AM ET

This is my 2nd BLOG post of this report – the forecast is not good for the U.K.

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”  NEW
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

Click here FOREX Trade the News… What are the Odds?

Tomorrow, Wednesday, 01-25-12 at 4:30 AM ET, the GBP Prelim Gross Domestic Product (QoQ) report will be released.

The last time this report was released was on Wednesday, 07-27-11 at 4:30 AM ET, click here to see what happened .

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

3 other reports are being released as well:

GBP Index of Services 3m/3m    
released on a monthly basis by the  National Statistics 

GBP BBA Mortgage Approvals 
Released monthly by the British Bankers’ Association

GBP MPC Meeting Minutes
Released monthly by the Bank of England

No trade last time!

Here is what is happening this release:

GBP Prelim Gross Domestic Product (QoQ) stats:

previous = 0.6%

forecast = -0.1%  

Here is how I am set up for tomorrow:

GBP-4-30AM-01-25-12
Actual > Forecast = Good for currency
Looking for a 0.2% difference
GBP Gross Domestic Product (QoQ)
____actual_____forecast _____previous
______________ -0.1% ______ 0.6%
out at 0.1% or higher – BUY GBP/CAD
out at -0.3% or lower – SELL GBP/CAD
With 0.1 diff, I would trade against it.-

The forecast does not look good for the British economy.

I did post a “follow up” soon after this news report was over, click here to see what happened.

The next scheduled release of these reports is on Tuesday, 04-24-12 at 3:30 AM ET!

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

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above

Again, the UK is releasing its Consumer Price Index YoY report tomorrow morning at 4:30 AM ET, this report is good for a trade if the “actual” comes out off “forecast” by 0.2% or more.

There was not a good difference between the “actual” and the “forecast” last month, and there was a possible conflict, I did not enter a trade.

Want more options?? – Find out about FOREX News trading!

There is a series of e-books in the Kindle Book store on Amazon which deal with FOREX trading the economic news reports;

Currently these titles are available:

“Trade New Zealand Retail Sales Report – M over M – News Report”  NEW
“Trade US Core Durable Goods Orders – News Report”
“Trade Australian Gross Domestic Product – Q over Q – News Report”
“Trade the British Gross Domestic Product – Q over Q – News Report”
“Trade Canadian IVEY Purchasing Mangers Index – M over M – News Report”

Click here FOREX Trade the News… What are the Odds?

Tomorrow, Tuesday 01-17-12 at 4:30 AM ET, the GBP Consumer Price Index YoY report will be released.

Also 3 other report:

GBP Consumer Price Index YoY
GBP Retail Price Index YoY
GBP DCLG HPI y/y        

I did post a “follow up” of last months report, click here to see what happened.

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

GBP DCLG HPI y/y    
Released monthly by Communities and Local Government

Here is what is going on tomorrow:

GBP Consumer Price Index YoY  stats:

previous = 4.8%

forecast = 4.2%

Looks like the economists think that the Canada’s economy will decrease..

Watch that the “Core CPI” goes in the same way – minor conflict if it does not.

Here is how I am set up for tomorrow:

GBP 4-30AM-ET-01-17-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_______________4.2%_______4.8%
Out at 4.4 % or higher – BUY GBP/USD
Out at 4.0 % or lower – SELL GBP/USD

There was not a good difference between the “actual” and the “forecast” last month, and there was conflict, I did not enter a trade.

I did post a “follow up” soon after this news report was over, click here to see what happened.

The next scheduled release of these reports is on Tuesday, 02-14-12 at 4:30 AM ET!

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

Stay tuned!

P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.

P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.