UK Manufacturing PMI 03/01/2010

Posted by Henry Liu on March 1, 2010 under Forex News Trade, Great Britain, UK Manufacturing PMI | Be the First to Comment

4:30am (NY Time) UK Manufacturing PMI  Forecast 56.3   Previous 56.7
ACTION: GBP/USD        BUY 58.3         SELL 54.3

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. 

UK Manufacturing PMI 02/01/10

Posted by Henry Liu on February 1, 2010 under Forex News Trade, Great Britain, UK Manufacturing PMI | Be the First to Comment

4:30am (NY Time) UK Manufacturing PMI  Forecast 54.1   Previous 54.1
ACTION: GBP/USD        BUY 56.1         SELL 52.1

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. 

UK Manufacturing PMI 01/04/10

Posted by Henry Liu on January 3, 2010 under Forex News Trade, Great Britain, UK Manufacturing PMI | Be the First to Comment

4:30am (NY Time) UK Manufacturing PMI  Forecast 52.1   Previous 51.8
ACTION: GBP/USD        BUY 54.1         SELL 49.8

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

UK Manufacturing PMI m/m 12/01/09

Posted by Henry Liu on November 30, 2009 under Forex News Trade, Great Britain, UK Manufacturing PMI | Be the First to Comment

4:30am (NY Time) UK Manufacturing PMI  Forecast 54.1   Previous 53.7
ACTION: GBP/USD        BUY 56.0         SELL 52.0

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.

UK Manufacturing PMI 11/02/09

Posted by Henry Liu on November 2, 2009 under Forex News Trade, Great Britain, UK Manufacturing PMI | Be the First to Comment

4:30am (NY Time) UK Manufacturing PMI  Forecast 50.1   Previous 49.5
ACTION: GBP/USD        BUY 52.1         SELL 48.00

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. 

UK Manufacturing PMI 10/01/09

Posted by Henry Liu on September 30, 2009 under Forex News Trade, Great Britain, UK Manufacturing PMI | Be the First to Comment

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4:30am (NY Time) UK Manufacturing PMI  Forecast 50.2   Previous 49.7
ACTION: GBP/USD        BUY 52.2         SELL 48.00

DEFINITION: “UK Manufacturing PMI is a survey of purchasing managers in the manufacturing sector on various economic activities, including inventory, employment, orders, etc… A higher than 50 reading means expansion, or a less than 50 reading means contraction.”

UK Manufacturing PMI 09/01/09

Posted by Henry Liu on August 31, 2009 under Forex News Trade, Great Britain, UK Manufacturing PMI | Read the First Comment

4:30am (NY Time) UK Manufacturing PMI Forecast 51.5   Previous 50.8
ACTION: GBP/USD                                     BUY 53.5              SELL         49.0

UK Manufacturing PMI is a survey of purchasing managers in the manufacturing sector on various economic activities, including inventory, employment, orders, etc… A higher than 50 reading means expansion, or a less than 50 reading means contraction.  If this number stays above 50, there shouldn’t be much market reaction; however, if this number falls below 50, GBP could be under some selling pressure as the confidence level for Sterling has been low among investors.

UK Manufacturing PMI 08/03/09

Posted by Henry Liu on August 2, 2009 under Forex News Trade, Great Britain, UK Manufacturing PMI | Read the First Comment

4:30am (NY Time) UK Manufacturing PMI   Forecast 47.7   Previous 47.0
ACTION: GBP/USD                                     BUY 50.1              SELL         45.0

Manufacturing PMI is a survey of purchasing managers in the manufacturing sector on various economic activities, including inventory, employment, orders, etc… A higher than 50 reading means expansion, or a less than 50 reading means contraction.

If our SELL number is hit, we can expect GBP/USD to move 50 pips within the hour.  If we do not get our tradable number, there would be NO trade.