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...
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...
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 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...
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...
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.”
This is a preview of UK Manufacturing PMI 10/01/09. Read More...
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.
This is a preview of UK Manufacturing PMI 09/01/09. Read More...
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.
This is a preview of UK Manufacturing PMI 08/03/09. Read More...
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