Forex News | Forex News Trading | Currency Trading News Video Blog

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 earlier this week, here’s the forecast:

4:30am (NY Time) UK Services PMI Forecast 54.5 Previous 54.4
ACTION: GBP/USD BUY 57.0 SELL 52.0

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 last week, here’s the forecast:

4:30am (NY Time) UK Services PMI     Forecast 55.1     Previous 55.4
ACTION: GBP/USD                        BUY 57.5         SELL 52.5

The Services PMI is tradable with a minimum deviation of 2.5 between the forecast release figure and the actual release.  If we get at least 57.5 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 52.5 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.

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 earlier this week, here’s the forecast:

4:30am (NY Time) UK Services PMI     Forecast 55.6     Previous 55.3
ACTION: GBP/USD                        BUY 58.0         SELL 53.0

The Services PMI is tradable with a minimum deviation of 2.5 between the forecast release figure and the actual release.  If we get at least 58.0 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.

4:30am (NY Time) UK Services PMI     Forecast 58.1     Previous 58.4
ACTION: GBP/USD                        BUY 60.0         SELL 56.0

We’ll be focusing on the Services PMI figure today out of UK and our minimum tradable difference is 2.0 between the forecast release figure and the actual release.  If we get at least 60.0 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 55.0 or worse release, GBP could weaken and we should look to SELL GBP/USD or GBP/JPY pairs.

4:30am (NY Time) UK Services PMI     Forecast 55.0     Previous 54.5
ACTION: GBP/USD                        BUY 57.0         SELL 53.0

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.

4:30am (NY Time) UK Services PMI     Forecast 56.6     Previous 56.8
ACTION: GBP/USD                        BUY 58.6         SELL 54.6

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.

4:30am (NY Time) UK Services PMI     Forecast 56.7     Previous 56.6
ACTION: GBP/USD                        BUY 58.7         SELL 54.7

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.