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Forex News Trading UK Services PMI 02/03/12

by Henry Liu on February 2, 2012

Forex News Trading UK Services PMI 02/03/12 uk servicespmi We´ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released early this week, here´s the forecast:

4:28am (NY Time) UK Services PMI Forecast 53.5 Previous 54.0
ACTION: GBP/USD BUY 56.5 SELL 51.0


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Forex News Trading UK Manufacturing PMI 02/01/12

by Henry Liu on January 31, 2012

Forex News Trading UK Manufacturing PMI 02/01/12 uk manufacturing Manufacturing PMI is a leading indicator that is usually released early in the month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the currency for the rest of the month. Here is the forecast:

4:30am (NY Time) UK Manufacturing PMI Forecast 50.0 Previous 49.6
ACTION: GBP/USD BUY 52.0 SELL 48.0


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Forex News Trading UK GDP q/q 01/25/12

by Henry Liu on January 24, 2012

Forex News Trading UK GDP q/q 01/25/12 uk store UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:

4:30am (NY Time) UK Revised GDP q/q Forecast -0.1% Previous 0.6%
ACTION: GBP/USD BUY 0.2% SELL -0.4%


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Forex News Trading UK Retail Sales 01/20/12

by Henry Liu on January 18, 2012

Forex News Trading UK Retail Sales 01/20/12 uk retail Today´s Retail Sales number from UK will be widely watched as this is a high impact yet very tradable report. Here is the forecast for this release:

4:30am (NY Time) Forecast 0.6% Previous -0.4%
ACTION: GBP/USD BUY 1.0% SELL 0.0%

The Trade Plan
The monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it´s currency; a lower release is considered negative for the economy and not good for it´s currency.


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Forex News Trading UK BOE Interest Rate 01/12/12

by Henry Liu on January 11, 2012

Forex News Trading UK BOE Interest Rate 01/12/12 uk boe BOE (Bank of England) will be rendering its interest rate decision today, and it would provide strong volatility in the market if BOE´s final decision turns out to be a surprise, here´s the forecast:

7:00am (NY Time) UK Official Bank Rate Forecast 0.50% Previous 0.50%
APT (Asset Purchasing Target) Forecast 275B Previous 275B
ACTION: GBP/USD BUY 0.75% (Rate) / SELL 300B (APT)


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Forex News Trading UK Services PMI 01/05/12

by Henry Liu on January 4, 2012

Forex News Trading UK Services PMI 01/05/12 uk servicespmi We´ll be trading the UK Services Purchasing Manager Index today at 4:30am (NY Time). This is a leading indicator similar to the Manufacturing PMI that was released early this week, here´s the forecast:

4:28am (NY Time) UK Services PMI Forecast 51.5 Previous 52.1
ACTION: GBP/USD BUY 54.0 SELL 49.0


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Forex News Trading For UK Manufacturing PMI 1/02/12

by Henry Liu on January 2, 2012

Forex News Trading For UK Manufacturing PMI 1/02/12 uk manufacturing Manufacturing PMI is a leading indicator that is usually released early in the month. Traders pay attention to this release for surprises as this survey may help to shape the general trend of the currency for the rest of the month. Here is the forecast:

4:30am (NY Time) UK Manufacturing PMI Forecast 47.5 Previous 47.5
ACTION: GBP/USD BUY 50.0 SELL 45.0


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