UK Prelim GDP q/q | January 26, 2018 | Currency Trading

UK Prelim GDP q/q is a first GDP release for the Q4 of 2017 period, and since it is the first release for the quarter it is also the most likely to surprise the market, thus adding more volatility if we were to get a surprise.   I’d wait for the release before taking any […]

UK Retail Sales | January 19, 2018 | News Trading Plan

UK Retail Sales is usually a very decent news to trade but since we are expecting a negative -0.8%, it will be a tough decision to consider buying the pair unless we end up with a positive release.  Obviously, if we get a -1.3%, then it may justify our decision to take a sell trade. 4:30 […]

UK BOE Interest Rate | December 14, 2016 | Currency News

UK BOE Interest Rate Decision will be the main focus of Sterling traders, even though the central bank is not expected to hike rates yet again this year, the statement and vote count could say plenty about the direction of BOE’s current monetary policy, and perhaps provide a glimpse into the next rate change; therefore, […]

UK Services PMI | November 5, 2017 | Currency News Strategy

UK Services Purchasing Manager Index is usually a very tradable indicator and if we get a strong surprise today, we should see plenty of market reaction. Considering it’s already December, I’d expect to see some pulling back in liquidities, therefore I would use caution with any trade that I take this month. 4:30 am (NY […]

UK Manufacturing PMI | December 1, 2017 | Forex Trading

UK Manufacturing PMI is the first tradable release out of UK for the month of December and with the year coming to an end, I’d use caution as liquidities are generally thinner around this time of the year.  Unless we get our tradable deviations, I’d recommend staying out of the market. 4:30 am (NY Time) […]

UK Revised GDP q/q | November 23, 2017 | Currency News Plan

UK Revised GDP q/q is a second GDP release for the Q3 of 2017 period, and since it is the second release for the same quarter market is less likely to surprise as more data has become available since the first release. Judging from the forecast and prior reading, I do not think there is […]

UK Retail Sales | November 16, 2017 | News Trading Plan

UK Retail Sales is usually a very decent news to trade especially considering recent strength in the GBP despite constant pressure from the US Dollar.  With CPI remaining above the 3.0%, I believe GBP is a long hold trade and we may very well see the currency continue its ascension. 4:30am (NY Time) UK Retail Sales […]

UK CPI y/y | November 14, 2017 | Forex Strategy

UK CPI y/y release could be a market mover, especially following last BOE rate hike.  If we get a persistent rise in inflation, yet for another reading, it’s very likely that BOE could hike in the next 3 meetings, enough to add plenty of support for the GBP. Obviously, if we do get a stronger […]

UK Services PMI | November 3, 2017 | Currency News Strategy

UK Services Purchasing Manager Index is a very good and very tradable release for GBP but the market will surely be following the overall USD trend and the aftermath of BOE’s rate decision the day before.  If we do not see a conflicting release, i.e. going against the market trend, I’d take a short trade […]

UK BOE Interest Rate | November 2, 2016 | Currency News

UK BOE Interest Rate Decision will be the main focus of Sterling traders as BOE is now expected to hike interest rate today by a wide majority.  BOE has been talking about hiking for quite some time and finally, with recent CPI reading pushing inflation to the upper end of limit, BOE now has a […]

UK Manufacturing PMI | November 1, 2017 | Forex Trading

UK Manufacturing PMI is the first tradable release out of UK for the month of November and judging from the recent USD strength and the fact that despite a strong CPI reading, GBP still remained in a consolidated state, I would only consider holding a long-trade for a couple of hours, if we get our […]

UK Prelim GDP q/q | October 25, 2017 | Currency Trading

UK Prelim GDP q/q is a first GDP release for the Q3 of 2017 period, and since it is the first release for the quarter it is also the most likely to surprise the market, thus adding more volatility if we were to get a surprise.   I’d wait for the release before taking any […]

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