7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
UK’s BOE, Bank of England’s Monetary Policy Committee (MPC) is once again scheduled to release their interest rate decision today and the expectations are to keep both their official rates at 0.50% and APF (Asset Purchasing Facility) at 200 Billion Pound (at least for the time being). The important focus as usual today will be the accompanying BOE Statement if they decide to release one.
This is a preview of UK BOE Official Bank Rate Decision 03/04/2010. Read More...
We’ll be trading the Services PMI figure today out of UK and our minimum deviation is 2.0 from the forecast release figure. If we get at least 57.0 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 53.0 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
This is a preview of UK Services PMI 03/03/2010. Read More...
We’ll be looking forward to trade the Manufacturing PMI number from UK today and it’s forecasted at 56.3; UK Manufacturing PMI’s medium point is at 50, therefore this forecast is considered as a positive release (above the 50 level means expansion in the manufacturing sector).
We are looking for a tradable deviation (or the difference between the forecast figure and the actual release figure) of 2.0, and because this is a leading indicator and its impact may affect the future trend of this currency for the remainder of the week or even for the month of March, market should react to this release with volatility should we get out deviation. We can expect GBP/USD to move 50 pips within the hour if you deviation is hit.
This is a preview of UK Manufacturing PMI 03/01/2010. Read More...
4:30am (NY Time) UK Revised GDP q/q Forecast 0.2% Previous 0.1%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
We’ll be focusing on the Revised GDP q/q from UK, which is also known as the second quarterly GDP release; GDP is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measurement of the economy, and a stronger GDP means that the central bank will more likely raise interest rate as better economy usually brings higher inflationary pressure…
This is a preview of UK Revised GDP q/q 02/26/2010. Read More...
We’ll be focusing on the month on month Retail Sales release today from UK; it’s a direct measurement of consumer activities at the retail levels. A higher release is generally good for the economy, thus better for it’s currency; a lower release is considered as negative for the economy and not good for it’s currency. Retail Sales makes up a substantial part of the GDP or Gross Domestic Product, and the effect of this release could be very profound given the current risk averse condition of the market.
This is a preview of UK Retail Sales m/m 02/19/2010. Read More...
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD N/A
MPC, Monetary Policy Committee, from Bank of England (BOE) is releasing their meeting minutes over the Rate Decision meeting held about two weeks ago along with the actual vote count over the rate decision and the Asset Purchasing Facility program. If you recall, MPC decided leave both interested rate and APF unchanged and they are undecided on whether or not the APF (quantitative easing program) should expire or extended for the time being. But without a concrete answer on the APF program, market took that as a bearish message and sold off GBP.
This is a preview of UK MPC Meeting Minutes 02/17/2010. Read More...
4:30am NY Time UK CPI y/y Forecast 3.6% Previous 2.9%
ACTION: GBP/USD BUY 3.9% SELL 3.3%
We’ll be focusing on the CPI release out of UK today using a surprise factor (or deviation) of 0.3%. If the yearly Inflation number increases to a surprise of 3.9%, which is way over BOE’s inflation target, we will BUY of GBP/USD. If the Inflation number decreases to 3.3% or less, we’ll look to SELL GBP/USD. Historically, even with a small difference of 0.1%, market tend to overreac. If our deviation is hit, there is a probability of over 80% that the market will move 50 pips within the next 30 minutes.
This is a preview of UK CPI y/y 02/16/2010. Read More...
Bank of England is going to release its quarterly Inflation report on economic growth and projection for the next 24 months. This report will be release together with a press conference by BOE Governor King along with other members of the MPC.
This quarterly Inflation report usually details BOE’s view over the current economic condition and future monetary policy. With the recent hawkish rhetoric from various BOE officials over the state of UK economy and a rather disappointing prelim GDP release of just 0.1% on the 4th quarter of 2009, there is a possibility for this report to go either way. Therefore, we’ll be watching this report and react should the market sentiment lean towards either buy or sell Sterling.
This is a preview of BOE Inflation Report 02/10/10. Read More...
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
UK’s BOE, Bank of England’s Monetary Policy Committee (MPC) is scheduled to release their interest rate decision today and the consensus expectations are to keep current rates at 0.50% and APF (Asset Purchasing Facility) at 200 Billion Pound. The important focus today will be the decision concerning the APF program as it is expected to expire later this month. If MPC decides to take a “wait and see” stance on the APF, expect to see GBP soaring against other majors as this is a strong message reflecting the recovery of UK’s economy.
This is a preview of UK BOE Official Bank Rate Decision 02/04/10. Read More...
We will be focusing on the Services PMI figure today and our minimum deviation is 2.0 from the forecast release figure. If we get at least 58.6 or better, we could see some demand in the GBP and we will consider BUYING GBP/USD or GBP/JPY pairs. If we get a 54.7 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
This is a preview of UK Services PMI 02/03/10. Read More...
Our focus for today will be on the Manufacturing PMI number from UK and it’s forecasted at 52.0; UK PMI’s medium point is 50, therefore this forecast is considered as a positive release (above the 50 level means expansion in the manufacturing sector).
We are looking for a tradable deviation of 2.0, and because this is a leading indicator and its impact may affect the future trend of this currency for the remainder of the week or even for the month of February, market should react to this release with volatility should we get out deviation. We can expect GBP/USD to move 50 pips within the hour if you deviation is hit.
This is a preview of UK Manufacturing PMI 02/01/10. Read More...
4:30am (NY Time) UK GDP q/q Forecast 0.4% Previous -0.2%
ACTION: (GBP/USD) BUY 0.7% SELL 0.0%
We’ll be trading the much anticipated UK Prelim GDP q/q for Q4 2009. As we know, GDP is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measure of the economy’s health, and a stronger GDP means that the central bank will more likely to raise interest to curb inflation.
This is a preview of UK Prelim GDP q/q 01/26/10. Read More...
We’ll be looking to tradethe Retail Sales release today from UK, it is a month on month release and it’s a direct measurement of consumer activities at the retail levels. A higher release is generally good for the economy, thus better for it’s currency; a lower release is considered as negative for the economy and not good for it’s currency. Retail Sales makes up a hugepart of the GDP, and the effect of this release could be very profound given the current risk averse condition of the market.
This is a preview of UK Retail Sales m/m 01/22/10. Read More...
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD N/A
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and the APF program. If you recall, MPC decided leave both interested rate and APF unchanged but BOE Official Sentance was particularly bullish during the last week and brought about expectations of the end of QE (Quantitative Easing) program. This action provided an immediate short-term bullish rally for the British Pound as traders and speculators both are expecting a much more bullish stance from BOE.
This is a preview of UK MPC Meeting Minutes 01/20/10. Read More...
We’ll be trading the CPI release out of UK today and our surprise factor (or deviation) is at 0.3%. If the yearly Inflation number increases to a surprise of 2.9%, which is over BOE’s inflation target, we will BUY of GBP/USD. If the Inflation number decreases to 2.3% or remain at the same level as last release, (1.9%) we’ll look to SELL GBP/USD. Historically, even with a small difference of 0.1%, market tend to overreac. If our deviation is hit, there is a probability of over 80% that the market will move 50 pips within the next 30 minutes.
This is a preview of UK CPI y/y 01/19/10. Read More...
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
Bank of England’s Monetary Policy Committee (MPC) is scheduled to release their interest rate decision today once again for 2010, and consensus expectations are to keep rates at 0.50% and the APF (Asset Purchasing Facility) at 200 Billion Pound, which are probably no surprise to most traders. However, the important focus today will be the tentative statement accompanying the rate decision, which may reveal BOE’s future monetary policy.
This is a preview of BOE MPC Official Bank Rate Decision 01/07/10. Read More...
We will be trading the Services PMI figure today and our minimum deviation is 2.0 from the forecast release figure. If we get at least 58.7 or better, we could see further demand in the GBP and we should BUY GBP/USD or GBP/JPY pairs. If we get a 54.7 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.
Because PMI’s are leading indicators and are likely to set the tone for January 2010 for GBP, especially the Services PMI’s as from UK since UK’s economy is 72% services based; therefore traders look at this release for early direction in UK’s economy.
This is a preview of UK Services PMI 01/06/10. Read More...
Our focus for the London Session today will be on the Manufacturing PMI number from UK, it is expected to be at 52.0 and it is considered as a positive release given the fact that anything above the 50 level means expansion in the manufacturing sector, and a slightly better estimate than the previous release of 51.8
This is a preview of UK Manufacturing PMI 01/04/10. Read More...
We’ll be focusing on the Retail Sales release today, which is a direct measurement of consumer activities at the retail levels. A higher release is good for the economy, thus better for it’s currency; a lower release is considered as negative for the economy and not good for it’s currency. Retail Sales makes up a substantial part of the GDP, and the effect of this release could be very profound given the low liquidity condition of the market.
This is a preview of UK Retail Sales m/m 12/17/09. Read More...
Today we’ll focus on the CPI release once again out of UK and our surprise factor (or deviation) is at 0.3%. If the yearly Inflation number increases to a surprise of 2.1%, which is over BOE’s inflation target, we will BUY of GBP/USD. If the Inflation number decreases to 1.5% or remain at the same level as last release, we’ll look to SELL GBP/USD. Historically, even at a difference of 0.1%, we should see market overreaction. If our deviation is hit, there is a probability of over 80% that the market will move 50 pips within the next 30 minutes.
This is a preview of UK CPI y/y 12/15/09. Read More...
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
Bank of England’s Monetary Policy Committee (MPC) is scheduled to release their finalinterest rate decision today for 2010, and consensus expectations are to keep rates at 0.50%, which is no surprise to most traders. However, the important focus today will be the tentative statement that usually only accompanies BOE rate decision if there is a change, but BOE may just issue a statement regarding their APF program, as it has been much of the focus lately.
This is a preview of UK MPC Official Bank Rate Decision (BOE Interest Rate) 12/10/09. Read More...
4:30am (NY Time) UK Service PMI Forecast 57.1 Previous 56.9
ACTION: GBP/USD SELL 55.00 BUY 59.00
Our focus will be on the Services PMI figure today and we’ll look for a minimum deviation of 2.0 from the forecast release figure. If we get at least 59.0 or better, we could see further demand in the GBP that should justify for LONG trades on GBP/USD or GBP/JPY pairs. If we get a 55.0 or worse release, GBP could weaken or at least show a quick profit taking reaction from the overnight bullish move.
This is a preview of UK Services PMI 12/03/09. Read More...
We will be trading the Manufacturing PMI number from UK today, it is expected to be at 54.0 and it is considered as a positive release given the fact that anything above the 50 level means expansion in the manufacturing sector.
This is a preview of UK Manufacturing PMI m/m 12/01/09. Read More...
4:30am (NY Time) UK Revised GDP q/q Forecast -0.3% Previous -0.4%
ACTION: GBP/USD BUY 0.0% SELL -0.6%
We’ll be trading the Revised GDP q/q from UK, which is also known as the second quarterly GDP release; GDP is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measure of the economy’s health, and a stronger GDP means that the central bank will more likely raise interest rate to curb inflation.
This is a preview of UK Revised GDP q/q 11/25/09. Read More...
Retail Sales is a direct measurement of consumer activities at the retail levels. A higher release is obviously good for the economy, thus better for it’s currency whereas a lower release is considered as negative for the economy and not good for it’s currency. Retail Sales usually makes up a substantial part of the GDP, thus the effect of this release could be very profound.
This is a preview of UK Retail Sales m/m 11/19/09. Read More...
4:30am NY Time UK MPC Meeting Minutes Forecast 0-0-9 Previous 0-0-9
ACTION: GBP/USD N/A
MPC, Monetary Policy Committee, from Bank of England (BOE) will be releasing their meeting minutes over the Rate Decision meeting held 2 weeks ago along with the actual vote count over the rate decision and the vote count over the increase in its APF program. If you recall, MPC decided leave the interested rate unchanged but surprised the market by only increasing its QE program by 25 Billion Pound against analysts estimate of 50 Billion Pound Increase. This action provided an immediate short-term rally for the British Pound as traders and speculators both wonder the reasons to this surprisingly strong outlook for the GBP from BOE.
This is a preview of BOE MPC Meeting Minutes 11/18/09. Read More...
We’ll focus on the CPI release today and our surprise factor (or deviation) is at 0.3%. If the yearly Inflation number increases to a surprise of 1.7% then we will BUY of GBP/USD. If the Inflation number decreases to 1.1% or less, we’ll look to SELL GBP/USD. Historically, even at a difference of 0.1%, we should see market overreaction. If our deviation is hit, there is a probability of over 80% that the market will move 50 pips within the next 30 minutes.
This is a preview of UK CPI y/y 11/17/09. Read More...
7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50%
ACTION: GBP/USD N/A
Bank of England’s Monetary Policy Committee (MPC) is scheduled to release its interest rate decision once again today, and consensus expectation is to keep rates at 0.50%, which is no surprise to most traders. However, the important focus today will be the APF (Asset Purchasing Facility, or Quantitative Easing, or their Stimulus Program) program, which is expected by analysts to be increased by a minimum of 25 billion Pound to a maximum of 75 billion Pound…
This is a preview of UK BOE MPC Official Bank Rate Decision 11/05/09. Read More...
4:30am (NY Time) UK Service PMI Forecast 55.4 Previous 55.3
ACTION: GBP/USD SELL 53.40 BUY 57.40
We’ll be trading the Services PMI figure today and we’ll look for a minimum surprise factor of 2.0 from the forecast release figure. If we get at least 57.40 or better, we could see support in the GBP and a possible LONG trade for GBP/USD and GBP/JPY could be justified. If we get a 54.4 or worse release, GBP could weaken significantly ahead of the BOE rate decision on Thursday, thus exaggerating the effect of this release.
This is a preview of UK Services PMI 11/04/09. Read More...
Our focus will be on the Manufacturing PMI number from UK today, it is expected to be just above 50, which is considered as the medium point.
We are looking for a difference or deviation of 2.0, and remember that this is a leading indicator and its impact may affect the upcoming trend of this currency for the weeks to come, or at least for this month. If our BUY/SELL numbers are hit, we can expect GBP/USD to move 50 pips within the hour.
This is a preview of UK Manufacturing PMI 11/02/09. Read More...
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