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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
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
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.
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.
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.
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