The Fundamental FOREX Blog » GBP Follow Up

GBP-4-30AM-ET-04-25-12
Actual > Forecast = Good for currency
Looking for a 0.2% difference
GBP Gross Domestic Product (QoQ)
____actual_____forecast _____previous
______________ 0.1% ______ -0.3%
____-0.2%_____ 0.1% _______-0.3%
out at 0.3% or higher – BUY GBP/CAD
out at -0.1% or lower – SELL GBP/CAD
With 0.1 diff, I would trade against it.-

Bad – lower than forecast by 0.3%
Good – higher than previous by 0.1%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved up for 38 minutes about 36 PIPS - right direction

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved down for 48 minutes about 62 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved down for 30 minutes about 59 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved down for 38 minutes about 61 PIPS - right direction

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved down for 4 minutes about 58 PIPS – right direction
Ranged

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved down 1st 2 minutes about 54 PIPS – right direction
Moved up next 4 minutes about 16 PIPS – wrong direction
Moved down next 43 minutes about 74 PIPS – right direction

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved down for 3 minutes about 53 PIPS - right direction
Ranged

The next scheduled release of these reports is on Monday, 07-23-12 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 several videos.

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

Follow Up – GBP Purchasing Managers Index Manufacturing report

shark — Tue, 03 Apr 2012 15:36:13 +0000

Here are the results of Monday’s GBP Purchasing Managers Index Manufacturing Report – close, but no trigger – and no trade this time

No trigger, close – Did not enter a trade this time!

Want more trading 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 US Non-Farm Employment Change and Unemployment Rat Reports M over M” NEW
“Trade New Zealand Retail Sales Report – M over M – News Report”
“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”
“Trade European German Factory Orders News Report M over M”

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

On Monday, 04-02-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Sunday, 04-01-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

This GBP Housing Equity Withdrawal q/q report is now released by The Bank of England

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time.

Disclaimer:

I have discontinued news currency trading since I do not know the political bent of the reporting agencies – world wide economic problems have put political leaders in a very powerful position – so, take each news report with a “grain of salt”

I will continue recording the news reports.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 51.2——————–revised = 51.5

Forecast = 50.5——————–revised = 50.6

Actual = 52.1

Here is how I was set up and what happened:

GBP-4-28_4-30AM-04-02-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________50.5_______51.2
_____52.1____ 50.6 _______51.5
out at 52.3 or higher buy GBP/CHF
out at 48.7 or lower sell GBP/CHF

Good – “actual” came out higher than “forecast” by 1.6
Good – “actual” came out higher than revised “forecast” by 1.5
Good – “actual” came out higher than “previous” by 0.9
Good – “actual” came out higher than revised “previous” by 0.6

No trigger, close – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: spiked down/up for 2 minutes about 9 PIPS/ 2 PIPS
Scheduled release: moved down for 13 minutes about 19 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 9 PIPS
Scheduled release: moved up for 16 minutes about 41 PIPS – right direction – 2nd best

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 11 PIPS
Scheduled release: moved up for 15 minutes about 38 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 8 PIPS
Scheduled release: moved up for 13 minutes about 33 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: spiked up/down for 2 minutes about 11 PIPS/ 9 PIPS
Scheduled release: moved up for 9 minutes about 17 PIPS – right direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: spiked up/down for 2 minutes about 17 PIPS/ 7 PIPS
Scheduled release: moved up for 15 minutes about 45 PIPS – right direction – best

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: spiked up/down for 2 minutes about 15 PIPS/ 12 PIPS
Scheduled release: moved up for 13 minutes about 18 PIPS - right direction

The next time this report is scheduled for release will be on Tuesday, 05-01-12 at 4:28 AM ET, and 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.

Follow Up GBP – Consumer Price Index YoY report

shark — Tue, 20 Mar 2012 15:53:38 +0000

This months UK news reports, CPI and Core CPI came out, there was not enough difference for a predicable market move!

Did not enter a trade this time

Want more trading 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”
“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”
“Trade European German Factory Orders News Report M over M” NEW

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

Disclaimer:

I will continue recording the news reports.

On Tuesday 03-20-12 at 4:30 AM ET, the GBP Consumer Price Index YoY report was released.

Also 2 other reports:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY

I did post a “preview” of this 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.

Did not enter a trade this time!

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

GBP Consumer Price Index YoY stats:

previous = 3.6%

forecast = 3.4%

Actual = 3.4%

Here is how I was set up:

GBP 5-30AMET-03-20-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_____3.4%_______3.4%_______3.6%
Out at 3.6 % or higher – BUY GBP/USD
Out at 3.2 % or lower – SELL GBP/USD

Neutral – “actual” came out same as “forecast”
Bad – “actual” came out lower than “previous” by 0.2%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down 10 minutes about 14 PIPS
Moved up for 10 minutes about 5 PIPS

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved up 14 minutes about 30 PIPS
Moved down for 8 minutes about18 PIPS

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved up 9 minutes about 25 PIPS
Moved down for 16 minutes about 13 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved up 10 minutes about 26 PIPS
Moved down for 10 minutes about 8 PIPS

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair ranged

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved up 13 minutes about 40 PIPS
Moved down for 9 minutes about 22 PIPS

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair ranged

The next scheduled release of these reports is on Tuesday, 04-17-12 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.

Follow Up – GBP Purchasing Managers Index Manufacturing report

shark — Sun, 04 Mar 2012 16:22:45 +0000

Here are the results of Thursday’s GBP Purchasing Managers Index Manufacturing Report – no trigger – and no trade this time

Want more trading 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”
“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”
“Trade European German Factory Orders News Report M over M” NEW

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

On Thursday, 03-01-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Wednesday, 02-29-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 52.1——————–revised = 52.0

Forecast = 51.9

Actual = 51.2

Here is how I was set up and what happened:

GBP-4-28_4-30AM-03-01-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________51.9_______52.1
_____51.2____ 51.9_______ 52.0
out at 53.7 or higher buy GBP/CHF
out at 50.1 or lower sell GBP/CHF
Watch for reversal!

Bad – “actual” came out lower than “forecast” by 0.7
Good – “actual” came out higher than “previous” by 0.1
Good – “actual” came out higher than revised “previous” by 0.2

No trigger – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: moved up for 2 minutes about 7 PIPS – right direction
Scheduled release: moved up for 10 minutes about 8 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: moved down for 2 minutes about 9 PIPS – right direction
Scheduled release: moved down for 10 minutes about 10 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: moved down for 2 minutes about 9 PIPS – right direction
Scheduled release: moved down for 9 minutes about 13 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: moved down for 2 minutes about 9 PIPS - right direction
Scheduled release: moved down for 10 minutes about 11 PIPS - right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: spiked up/down for 2 minutes about 5 PIPS/12 PIPS -
Scheduled release: moved up for 4 minutes about 10 PIPS - wrong direction
moved down for 16 minutes about 27 PIPS - right direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: move down for 2 minutes about 10 PIPS – right direction
Scheduled release: moved down for 10 minutes about 16 PIPS – right direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: move down for 2 minutes about 9 PIPS - right direction
Scheduled release: ranged down for 20 minutes about 11 PIPS – right direction

The next time this report is scheduled for release will be on Monday, 04-02-12 at 3:28 AM ET, and 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.

Follow Up GBP – Consumer Price Index YoY report

shark — Thu, 16 Feb 2012 16:03:25 +0000

This months UK news reports, CPI and Core Cpi came out, but not in the same direction, there was not enough difference for a predicable market move either!

Did not enter a trade this time

Want more trading 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”
“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”
“Trade European German Factory Orders News Report M over M” NEW

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

On Tuesday 02-14-12 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 did post a “preview” of this months report, click here to see what happened.

The GBP DCLG HPI YoY is released monthly by Communities and Local Government

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

Did not enter a trade this time!

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

GBP Consumer Price Index YoY stats:

previous = 4.2%

forecast = 3.6%

Actual = 3.6%

Here is how I was set up:

GBP 4-30AM-ET-02-14-12
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_____3.6%______3.6%_______4.2%
Out at 3.8 % or higher – BUY GBP/USD
Out at 3.4 % or lower – SELL GBP/USD

Neutral – “actual” came out same as “forecast”
Bad – “actual” came out lower than “previous” by 0.6%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved up 32 minutes about 14 PIPS

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved down 32 minutes about 23 PIPS

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved down 11 minutes about 18 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved down 32 minutes about 20 PIPS

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved down 8 minutes about 12 PIPS
Moved up for 28 minutes about 18 PIPS

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved down 8 minutes about 25 PIPS
Moved up for 16 minutes about 17 PIPS

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved down 9 minutes about 25 PIPS
Moved up for 45 minutes about 50 PIPS

The next scheduled release of these reports is on Tuesday, 03-20-12 at 5:30 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.

Follow Up – GBP Purchasing Managers Index Manufacturing report

shark — Fri, 03 Feb 2012 16:54:25 +0000

Here are the results of Wednesday’s GBP Purchasing Managers Index Manufacturing Report – good trigger – no trade this time

Want to add more options to your currency 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?

On Wednesday, 02-01-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Tuesday, 01-31-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 49.6——————–revised = 49.7

Forecast = 50.1

Actual = 52.1

Here is how I was set up and what happened:

GBP-4-28_4-30AM-02-01-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________50.1_______49.6
_____52.1 ____50.1 _______49.7
out at 51.9 or higher buy GBP/CHF
out at 48.3 or lower sell GBP/CHF
Watch for reversal!

Good – “actual” came out higher than “forecast” by 2.0
Good – “actual” came out higher than “previous” by 2.5
Good – “actual” came out higher than revised “previous” by 2.4

Good trigger – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: spiked up/down/up for 2 minutes
Scheduled release: moved up for 50 minutes about 35 PIPS – wrong direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: spiked up/down for 2 minutes
Scheduled release: moved down for 30 minutes about 38 PIPS - wrong direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: moved up for 2 minutes about 14 PIPS – right direction
Scheduled release: small move up 1st minute – Then moved down for 29 minutes about 40 PIPS – wrong direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: spiked up/down for 2 minutes
Scheduled release: moved down for 50 minutes about 73 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: moved up for 2 minutes about 14 PIPS – right direction
Scheduled release: moved down for 48 minutes about 32 PIPS – wrong direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: spiked up/down for 2 minutes
Scheduled release: moved down for 30 minutes about 50 PIPS – wrong direction

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair Early: moved up for 2 minutes about 19 PIPS – right direction
Scheduled release: ranged for 17 minutes -
moved down for 31 minutes about 37 PIPS - wrong direction

The next time this report is scheduled for release will be on Thursday, 03-01-12 at 4:28 AM ET, and 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.

Follow Up GBP Prelim Gross Domestic Product (QoQ)

shark — Thu, 26 Jan 2012 17:18:29 +0000

Here is my second “follow up” of the GBP Prelim Gross Domestic Product QoQ report – did not trade this time.

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:

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

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

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

3 other reports were 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

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

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

GBP Prelim Gross Domestic Product (QoQ) stats:

previous = 0.6%

forecast = -0.1%

Actual = -0.2%

Here is how I was set up and what happened:

GBP-4-30AM-ET-01-25-12
Looking for a 0.2% difference
GBP Gross Domestic Product (QoQ)
——actual———-forecast———-previous
_____-0.2%_____ -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.-

Bad – lower than forecast by 0.1%
Bad – lower than previous by 0.8%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down for 56 minutes about 43 PIPS – wrong direction

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved up for 60 minutes about 73 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved up for 60 minutes about 71 PIPS – wrong direction

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved up for 56 minutes about 69 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved up for 18 minutes about 38 PIPS – wrong direction
Ranged

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved up for 33 minutes about 90 PIPS – wrong direction
Ranged

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved up for 24 minutes about 40 PIPS – wrong direction
Moved down for 11 minutes about 15 PIPS - right direction

The next scheduled release of these reports is on Tuesday, 04-24-12 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 several videos.

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

Follow Up GBP – Consumer Price Index YoY report

shark — Thu, 19 Jan 2012 16:23:52 +0000

This months UK news reports, CPI and Core Cpi came out, but not in the same direction, there was not enough difference for a predicable market move

Did not enter a trade this time

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:

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

On Tuesday 01-17-12 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 did post a “preview” of this months report, click here to see what happened.

The GBP DCLG HPI YoY is released monthly by Communities and Local Government

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

Did not enter a trade this time!

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

GBP Consumer Price Index YoY stats:

previous = 4.8%

forecast = 4.2%

Actual = 4.2%

Here is how I was set up:

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%______4.2%_______4.8%
Out at 4.4 % or higher – BUY GBP/USD
Out at 4.0 % or lower – SELL GBP/USD

Neutral – “actual” came out same as “forecast”
Bad – “actual” came out lower than “previous” by 0.6%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down 4 minutes about 9 PIPS
Moved up next 19 minutes about 10 PIPS

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair moved up 4 minutes about 16 PIPS
Moved down next 12 minutes about 21 PIPS

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair moved up 4 minutes about 15 PIPS
Moved down next 16 minutes about 12 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair moved up 8 minutes about 16 PIPS
Moved down next 15 minutes about 19 PIPS

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved up 4 minutes about 12 PIPS
Moved down next 14 minutes about 10 PIPS

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair moved up 6 minutes about 32 PIPS
Ranged

(GBP/USD)

a one minute GBP/USD currency chart

This GBP/USD currency pair moved up 4 minutes about 15 PIPS
Moved down next 7 minutes about 12 PIPS

The next scheduled release of these reports is on Tuesday, 02-14-12 at 5:30 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.

Follow Up – GBP Purchasing Managers Index Manufacturing report

shark — Wed, 04 Jan 2012 17:20:58 +0000

Here are the results of Thursday’s GBP Purchasing Managers Index Manufacturing Report – good trigger – no trade this time

Want to add more options to your currency 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:

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

On Tuesday, 01-03-12 at 4: 28 – 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

I did a “preview” post for this month on Monday, 01-02-12 , click here for a review.

This PMI Manufacturing Index report is now released by Markit

There was one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 47.6——————–revised = 47.7

Forecast = 47.4

Actual = 49.6

Here is how I was set up and what happened:

GBP-4-28_4-30AM-01-03-12
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________47.4_______47.6
____49.6 _____47.4_______ 47.7
out at 49.2or higher buy GBP/CHF
out at 45.6 or lower sell GBP/CHF
Watch for reversal!

Good – “actual” came out higher than “forecast” by 2.2
Good – “actual” came out higher than “previous” by 2.0
Good – “actual” came out higher than revised “previous” by 1.9

Good trigger – Did not enter a trade this time!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair Early: spiked down/up for 2 minutes about 5 PIPS/ 16 PIPS
Scheduled release: moved up for 9 minutes about 14 PIPS – wrong direction
Moved down next 4 minutes about 18 PIPS – right direction

(GBP/AUD)

a one minute GBP/AUD chart

This GBP/AUD currency pair Early: spiked up/down for 2 minutes about 9 PIPS/ 26 PIPS
Scheduled release: moved down for 9 minutes about 19 PIPS – wrong direction
Moved up next 4 minutes about 30 PIPS – right direction

(GBP/CAD)

a one minute GBP/CAD chart

This GBP/CAD currency pair Early: spiked up/down for 2 minutes about 12 PIPS/ 43 PIPS
Scheduled release: moved down for 9 minutes about 20 PIPS – wrong direction
Moved up next 4 minutes about 35 PIPS – right direction

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair Early: spiked up/down for 2 minutes about 10 PIPS/ 31 PIPS
Scheduled release: moved down for 9 minutes about 28 PIPS – wrong direction
Moved up next 4 minutes about 23 PIPS – right direction

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair Early: spiked up/down for 2 minutes about 7 PIPS/ 28 PIPS
Scheduled release: ranged for 10 minutes
Moved up next 3 minutes about 20 PIPS – right direction

(GBP/NZD)

a one minute GBP/NZD chart

This GBP/NZD currency pair Early: spiked up/down for 2 minutes about 10 PIPS/ 46 PIPS
Scheduled release: moved up 1st minute about 5 PIPS - right direction
Moved down next 8 minutes about 22 PIPS – wrong direction
Moved up next 5 minutes about 39 PIPS – right direction

(GBP/USD)

This GBP/USD currency pair Early: spiked up/down for 2 minutes about 7 PIPS/ 37 PIPS
Scheduled release: ranged down for 9 minutes about 10 PIPS – wrong direction
Moved up next 4 minutes about 31 PIPS – right direction

The next time this report is scheduled for release will be on Wednesday, 02-01-12 at 4:28 AM ET, and 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.

Follow Up GBP – Consumer Price Index YoY report

shark — Wed, 14 Dec 2011 15:31:58 +0000

This months UK news reports, CPI and Core Cpi came out, but not in the same direction, there was not enough difference for a predicable market move

Did not enter a trade this time

On Tuesday 12-13-11 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 did post a “preview” of this months report, click here to see what happened.

The GBP DCLG HPI YoY is released monthly by Communities and Local Government

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

Did not enter a trade this time!

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

GBP Consumer Price Index YoY stats:

previous = 5.0%

forecast = 4.8%

Actual = 4.8%

Here is how I was set up:

GBP 4-30AM-ET-12-13-11
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_____4.8%_____4.8%_______5.0%
Out at 5.0 % or higher – BUY GBP/USD
Out at 4.6 % or lower – SELL GBP/USD

Neutral – “actual” came out same as “forecast”
Bad – “actual” came out lower than “previous” by 0.2%

Want to add more options to your currency 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 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” NEW

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

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair spiked down/up 1st 3 minutes about 4 PIPS/ 7 PIPS
Moved down next 14 minutes about 8 PIPS – wrong direction

(GBP/AUD)

a one minute GBP/AUD currency chart

This GBP/AUD currency pair spiked down/up/down 1st 2 minutes about 5 PIPS/ 13 PIPS/ 12 PIPS
Moved up next 9 minutes about 20 PIPS – wrong direction

(GBP/CAD)

a one minute GBP/CAD currency chart

This GBP/CAD currency pair spiked down/up/down 1st 3 minutes about 4 PIPS/ 15 PIPS/ 11 PIPS
Moved up next 15 minutes about 24 PIPS – wrong direction

(GBP/CHF)

a one minute GBP/CHF currency chart

This GBP/CHF currency pair ranged for 6 minutes
Moved up next 5 minutes about 9 PIPS – wrong direction

(GBP/JPY)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair spiked down/up/down 1st 3 minutes about 5 PIPS/ 14 PIPS/ 11 PIPS
Moved up next 21 minutes about 24 PIPS – wrong direction

(GBP/NZD)

a one minute GBP/NZD currency chart

This GBP/NZD currency pair spiked down/up/down 1st 3 minutes about 6 PIPS/ 17 PIPS/ 13 PIPS
Moved up next 14 minutes about 39 PIPS – wrong direction

The next scheduled release of these reports is on Tuesday, 01-17-12 at 5:30 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.