The Fundamental FOREX Blog » GBP News

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.

Preview – GBP Purchasing Managers Index Manufacturing report

shark — Tue, 31 Jan 2012 15:53:07 +0000

Great Britain will be releasing the Purchasing Managers Index Manufacturing report tomorrow morning, Wednesday, 02-01-12. There are 2 release times, about 2 minutes apart.

I did not enter a trade last time- there was a good trigger!!

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?

The first release is for subscribers to Reuters.

On Wednesday, 02-01-12 at 4:28_4:30AM ET, the GBP Purchasing Managers Index Manufacturing report is scheduled for release.

I did a “follow up” post last month on Wednesday, 01-04-12 , click here for a review.

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.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 49.6

Forecast = 50.1

Here is how I am set up:

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

I did not enter a trade last time – there was a good trigger!!

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/CHF 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 Thursday, 03-01-12 at 4:28_4:30 AM-ET, however, at times scheduling of releases may change.

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

I did post a video of an earlier release of this report, click here to see what happened.

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

Preview GBP Prelim Gross Domestic Product (QoQ)

shark — Tue, 24 Jan 2012 15:24:48 +0000

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:

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

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.

Preview GBP – Consumer Price Index YoY report

shark — Mon, 16 Jan 2012 15:17:24 +0000

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:

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.

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.

Preview – GBP Purchasing Managers Index Manufacturing report

shark — Mon, 02 Jan 2012 15:06:05 +0000

Great Britain will be releasing the Purchasing Managers Index Manufacturing report tomorrow morning, Tuesday, 01-03-12. There are 2 release times, about 2 minutes apart.

I did not enter a trade last 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 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?

The first release is for subscribers to Reuters.

On Tuesday, 01-03-12 at 4:28_4:30AM ET, the GBP Purchasing Managers Index Manufacturing report is scheduled for release.

I did a “follow up” post last month on Tuesday, 12-06-11 , click here for a review.

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.

This months report is set up as follows:

GBP Purchasing Managers Index Manufacturing Index stats:

Previous = 47.6

Forecast = 47.4

Here is how I am set up:

GBP-2-28_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
out at 49.2or higher buy GBP/CHF
out at 45.6 or lower sell GBP/CHF
Watch for reversal!

I did not enter a trade last time!!

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 Wednesday, 02-01-12 at 4:28_4:30 AM-ET, however, at times scheduling of releases may change.

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

I did post a video of an earlier release of this report, click here to see what happened.

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:

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.

Preview GBP – Consumer Price Index YoY report

shark — Mon, 12 Dec 2011 15:16:14 +0000

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 conflict, I did not enter a trade.

Tomorrow, Tuesday 12-13-11 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

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?

Here is what is going on tomorrow:

GBP Consumer Price Index YoY stats:

previous = 5.0%

forecast = 4.8%

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-12-13-11
Looking for a 0.2% difference
Actual > Forecast = Good for GBP
GBP Consumer Price Index YoY
——actual——–forecast——–previous
_______________4.8%_______5.0%
Out at 5.0 % or higher – BUY GBP/USD
Out at 4.6 % 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, 01-17-12 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.