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)

a one minute EUR/GBP currency chart

This EUR/GBP currency pair moved down for  60 minutes about 27 PIPS – right direction

(EUR/JPY)

a one minute EUR/JPY currency chart

This EUR/JPY currency pair moved up for  32 minutes about 60 PIPS

(EUR/USD)

a one minute EUR/USD currency chart

This EUR/USD currency pair moved up for  32 minutes about 23 PIPS

(GBP/CHF)

a one minute GBP/CHF currency chart

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)

a one minute GBP/JPY currency chart

This GBP/JPY currency pair moved up 32 minutes about 94 PIPS – right direction

(GBP/USD)

a one minute GBP/USD currency chart

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!

On Wednesday, 07-14-10 at 4:30 AM ET, the GBP Claimant Count Change and ILO Unemployment Rate were released.

These two reports were released with one other economic news report -

GBP Average Earnings index

I did a “preview” post of this months reports, click here for a review.

Both of those reports are released by the U.K.s National Statistics on a monthly basis.

I did not enter a trade this time, – not enough difference!!!

Here is the set up for this month:

GBP Claimant Count Change stats:

previous = -30.9K————–revised = -31.1K

forecast = -20.1K

Actual = -20.8K

GBP ILO Unemployment Rate stats:

previous = 7.9%

forecast = 7.9%

Actual = 7.8%

Here is how I was set up and what happened:

GBP-4-30AM-ET-07-14-10
Looking for a 20K difference
Actual < Forecast = Good for GBP
GBP Claimant Count Change
—-actual——–forecast———-previous
_____________-20.1K_______-30.9K
___-20.8K____ -20.1K_______ -31.1K
out at -00.2K or higher – SELL – GBP/USD
out at -40.2K or lower – BUY – GBP/USD
Good – “actual” came out lower then “forecast” by 0.7K
Bad – “actual” came out lower then “previous” by 10.1K

GBP Unemployment Rate
Actual < Forecast = Good for GBP
——actual———-forecast———-previous
_____7.8%________7.9%________7.9%
Good – “actual” came out lower then “forecast” by 0.1%
Good – “actual” came out lower then “previous” by 0.1%

GBP Average Earnings Index 3m/y
____________3.1%_______ 4.2%
____2.7%____  3.1%_______ 4.1%

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP currency pair

This EUR/GBP currency pair spiked up/down 1st minute about 16 PIPS/ 4 PIPS
Ranged for 6 minutes
Moved up for 3 minutes about 7 PIPS
Moved down for 23 minutes about 11 PIPS

(EUR/JPY)

a one minute EUR/JPY currency pair

This EUR/JPY currency pair moved down for 60 minutes about 37 PIPS

(EUR/USD)

a one minute EUR/USD currency pair

This EUR/USD currency pair moved down for 33 minutes about 24 PIPS

(GBP/CHF)

a one minute GBP/CHF currency pair

This GBP/CHF currency pair spiked up/down 1st minute about 35 PIPS/ 13 PIPS
Ranged for 7 minutes
Moved down for 6 minutes about 13 PIPS
Moved up for 11 minutes about 19 PIPS

(GBP/JPY)

a one minute GBP/JPY currency pair

This GBP/JPY currency pair spiked up/down 1st minute about 34 PIPS/ 12 PIPS
Moved down for 41 minutes about 40 PIPS

(GBP/USD)

a one minute GBP/USD currency pair

This GBP/USD currency pair spiked up/down 1st minute about 35 PIPS/ 10 PIPS
Moved down for 43 minutes about 33 PIPS

The next release of these two reports will be Wednesday, 08-11-10 at 4:30 AM ET.

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

Stay tuned!

Tomorrow, Thursday, 07-22-10 at 4:30 AM ET, the GBP Retail Sales MoM report will be released.

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

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

Here is what is going on tomorrow:

GBP Retail Sales MoM stats:

previous = 0.6%

forecast = 0.5%

The “forecast” for this report shows a possibility of a progressive down turn of the GBP economy.

Here is how I am set up for this report:

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%
Out at -0.5% or lower -  SELL GBP/CHF
Out at 1.5% or more -  BUY GBP/CHF
On retrace??

The last 3 reports have failed to have enough difference of 1.0% for me to enter a trade, however, last report release showed a 0.5% difference and the market moved nicely in the “right direction” – the GBP/USD had the best movement.

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

The next scheduled release of this report is on Friday, 08-20-10 at 4:30 AM ET!

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

Stay tuned!

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!

On Thursday, 07-08-10 at 4:30 AM ET the GBP Industrial Production MoM , and Manufacturing Production MoM reports were released.

These two reports were standing alone at this time.

On Wednesday, 07-07-10, I wrote a “preview” post of this months set up, click here for a review.

The Industrial Production reports appear to have the greatest impact on the currency markets, but the impact can be even greater if the Industrial Production and Manufacturing Production both come out moving in the same direction which did not happen this time.

No trade this time – not enough difference!!

These reports are released by the UK National Statistics Publication Hub.

Here is how it was set up for 07-08-10:

GBP – Industrial Production MoM stats:

Previous = -0.4%—————-revised = -0.8%

Forecast = 0.4%

Actual = 0.3%

Manufacturing Production MoM stats:

Previous = -0.4%—————-revised = -0.7%

Forecast = 0.5%—————-revised = 0.4%

Actual = 0.7%

Here is how I was set up and what happened:

GBP-4-30AM-ET-07-08-10
Looking for a 0.4% difference
Actual > Forecast = Good for GBP
GBP Industrial Production (MoM)
——actual———-forecast——-previous
________________0.4%_______-0.4%
_____0.3%_______ 0.4%______ -0.8%
Out at 0.8% or higher – SELL EUR/GBP
Out at 0.0%  or lower- BUY EUR/GBP
Bad – “actual” came out lower then “forecast” by 0.1%
Good – “actual” came out higher then “previous” by 0.8%
Good – “actual” came out higher then revised “previous” by 1.1%

GBP Manufacturing Production m/m
________________0.5%_______ -0.4%
_____0.7%_______ 0.4%_______ -0.7%
Good – “actual” came out higher then “forecast” by 0.2%
Good – “actual” came out higher then revised “forecast” by 0.3%
Good – “actual” came out higher then “previous” by 1.1%

Watch for conflict       Trade against it??

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

At the report release, this EUR/GBP currency pair spiked down/up 1st minute about 8 PIPS/11 PIPS
Moved down for 4 minutes about 8 PIPS
Moved up for 28 minutes about 25 PIPS

(EUR/JPY)

a one minute EURJPY chart

At the report release, this EUR/JPY currency pair moved down for 8 minute about 6 PIPS
Moved up for 1 minute about 12 PIPS
Moved down for 19 minutes about 21 PIPS

(EUR/USD)

a one minute EUR/USD chart

At the report release, this EUR/USD currency pair  ranged for 8 minutes
Moved up for 11 minute about 13 PIPS

(GBP/CHF)

a one minute GBP/CHF chart

At the report release, this GBP/CHF currency pair ranged for 7 minutes
Moved down for 7 minute about 16 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

At the report release, this GBP/JPY currency pair ranged for 11 minutes  -
Moved down for 25 minute about 25 PIPS

(GBP/USD)

a one minute GBP/USD chart

At the report release, this GBP/USD currency pair moved up for 10 minutes  about 20 PIPS
Moved down for 24 minute about 40 PIPS

The next scheduled release of this report will be on Tuesday, 08-10-10 at 4:30 AM ET.

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

Stay tuned!

Tomorrow, Wednesday 07-14-10 at 4:30 AM ET, the GBP Claimant Count Change and ILO Unemployment Rate will be released.

These two reports will be released with one other economic news report -

GBP Average Earnings index (3MoY)

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

All 3 of these reports are released by the U.K.s National Statistics on a monthly basis.

Here is the set up for this month:

GBP Claimant Count Change stats:

previous = -30.9K

forecast = -20.1K

GBP ILO Unemployment Rate stats:

previous = 7.9%

forecast = 7.9%

These two reports “forecast” may be complimentary since the Unemployment Rate may not increase.

Here is how I am set up for a possible trade.

GBP-4-30AM-ET-07-14-10
Looking for a 20K difference
Actual < Forecast = Good for GBP
GBP Claimant Count Change
—-actual——–forecast———-previous
_____________-20.2K_______-30.9K
out at -00.2K or higher – SELL – GBP/USD
out at -40.2K or lower – BUY – GBP/USD
GBP Unemployment Rate
Actual < Forecast = Good for GBP
——actual———-forecast———-previous
________________7.9%________7.9%
GBP Average Earnings Index 3m/y
3.1%               4.2%

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

The next scheduled release of these reports is on Wednesday, 08-11-10 at 4:30 AM ET.

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

Stay tuned!

On Thursday, 07-01-10 at 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report was scheduled for release.

Also released was:

GBP – BOE Credit Conditions Survey

Released by the Bank of England

I did a “preview” post for this month on Wednesday, 06-30-10 , 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.

Prior to the present market conditions, a difference of 4 or 5 from the “forecast” could cause a good market move.

This months report was set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 58.0

Forecast = 57.6

Actual = 57.5

Here is how I was set up and what happened:

GBP-4-30AM-ET-07-01-10
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____57.5______57.6_______58.0
out at 59.4 or higher buy GBP/USD
out at 55.8 or lower sell GBP/USD
Bad – “actual” came out lower then “forecast” by 0.1
Bad – “actual” came out lower then “previous” by 0.5

Watched for reversal!
Changed from last month to GBP/JPY

Again – I did not enter a trade this time – not enough difference!

Here are the charts:

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair very minor range for 6 minutes
Then continued move up

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair very minor range for 5 minutes
Spiked up next minute about 31 PIPS
Moved down for 15 minutes about 38 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair  very minor range for 5 minutes
Spiked up next minute about 29 PIPS
Moved down for 14 minutes about 31 PIPS

(GBP/CHF)

a one minute GBP/CHF chart

This GBP/CHF currency pair ranged for 15 minutes

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved down for 2 minutes about 16 PIPS
Moved up for 5 minutes about 28 PIPS
Moved down for 17 minutes about 40 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair moved down for 2 minutes about 11 PIPS
Moved up for 5 minutes about 25 PIPS
Moved down for 17 minutes about 30 PIPS

The next time this report is scheduled for release will be on Monday, 08-02-09 at 4:30 AM ET

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

Stay tuned!

Tomorrow, Tuesday 07-13-10 at 4:30 AM ET, the GBP Consumer Price Index YoY report will be released.

Also 3 other reports:

GBP Core Consumer Price Index YoY
GBP Retail Price Index YoY
GBP DCLG HPI YoY

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.

The DCLG HPT is released by the Communities and Local Government on a monthly basis.

Here is what is going on tomorrow:

GBP Consumer Price Index YoY stats:

previous = 3.4%

forecast = 3.2%

Looks like the economists think that the UK’s economy is not improving.

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-07-13-10
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_______________3.2%_______3.4%
Out at 3.4% or higher – BUY GBP/CAD
Out at 3.0% or lower – SELL GBP/CAD

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, 08-17-10 at 4:30 AM ET!

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

Stay tuned!

Tomorrow, Thursday, 07-08-10 at 4:30 AM ET the GBP Industrial Production MoM, and Manufacturing Production MoM reports will be released.

These two reports stand alone at this time.

On Thursday, 05-20-10, I wrote a “follow up” post for the last month I recorded these results, click here for a review.

The Industrial Production reports appear to have the greatest impact on the currency markets, but the impact can be even greater if the Industrial Production and Manufacturing Production both come out moving in the same direction, both negative or positive.

Again – both reports came out good for the GBP – I did enter 1 trade of the GBP/JPY currency pair, it was a winner – see the “follow up” above.

These reports are released by the UK National Statistics Publication Hub.

Lets set this up for 07-08-10.

GBP – Industrial Production MoM stats:

Previous = -0.4%

Forecast = 0.4%

Manufacturing Production MoM stats:

Previous = -0.4%

Forecast = 0.4%
It appears that both reports are “forecast”  an improvement for the UK economy.

Here is how I am set up for tomorrow:

GBP-2-30AM-07-08-10
Looking for a 0.4% difference
Actual > Forecast = Good for GBP
GBP Industrial Production (MoM)
——actual———-forecast——-previous
________________0.4%_______-0.4%
Out at 0.8% or higher – SELL EUR/GBP
Out at 0.0%  or lower- BUY EUR/GBP
GBP Manufacturing Production m/m
________________0.5%_______ -0.4%
Watch for conflict       Trade against it??

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

The next scheduled release of this report will be on Tuesday, 08-10-10 at 4:30 AM ET.

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

Stay tuned!

On Thursday, 07-01-10 at 4:30AM ET, the GBP Purchasing Managers Index Manufacturing report is scheduled for release.

I did a “follow up” post last month on Tuesday, 06-08-10 , click here for a review.

Also, The Bank of England is scheduled to release its Credit Conditions Survey

This PMI Manufacturing Index report is now released by Markit

There is one thing to be aware of, subscribers to Reuters receive the data 2 minutes prior to listed calendar time. Be sure to take a look at what happened last month.

Prior to the present market conditions, a difference of 4 or 5 from the “forecast” could cause a good market move.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 58.0

Forecast = 57.6

Here is how I am set up:

GBP-4-30AM-ET-07-01-10
Looking for a 1.8 change
Actual > Forecast = Good for GBP
GBP Manufacturing PMI
——actual——forecast—–previous
_____________57.6_______58.0
out at 59.4 or higher buy GBP/USD
out at 55.8 or lower sell GBP/USD
Watch for reversal!

I did not enter a trade last time!!

I am going to use a 1.8 “actual” difference figure from the “forecast” to indicate a possible surprise to the currency trading market. And will be set up to trade the currency pair GBP/USD this time.

If the “actual” comes out higher than the “forecast” by 1.8, that would be good for the GBP and currency pairs involving the GBP could move in favor of the GBP – the opposite of course could happen if the “actual” is less than “forecast”.

I will be looking for a reversal after about 3 minutes – maybe!!!.

I did post a “follow Up” soon after, click here to see what happened.

Now we all know that past performances are not an indication of future results!

It appears that the next scheduled release of this report will be on Monday, 08-02-10 at 4:30 AM-ET, however, at times scheduling of releases may change.

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

Stay tuned!