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.
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.
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8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
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