Forex Weekly Outlook – May 15 ~ 19, 2017

We got plenty of high impact news scheduled this week, here’s a brief list of tradable releases, for a complete analysis along with Forecast and Previous figures, make sure to visit our Forex Calendar page. Here’s a brief list (all in US Eastern Standard Time): Tue May 16 4:30am UK CPI y/y Wed May 17 […]

UK BOE Interest Rate | May 11, 2017 | Currency News

UK BOE Interest Rate Decision is not likely to surprise the market as traders and BOE officials alike are waiting for more development on the current economy.  With ‘Brexit’ underway, BOE is expected to act if situations were to turn for the worse. 7:00am (NY Time) UK BOE Interest Rate Forecast 0.25% Previous 0.25% 7:00am (NY […]

UK Services PMI | May 4, 2017 | Currency News

UK Services Purchasing Manager Index is a very tradable indicator as the majority workforce is services oriented, thus a strong release should add plenty of positive momentum for the GBP or vice versa on a weak release… 4:30am (NY Time) UK Services PMI Forecast 54.6 Previous 55.0 Deviation: 2.5 (BUY GBP 57.1 / SELL GBP 52.1) […]

UK Manufacturing PMI | May 2, 2017 | Forex Trading

UK Manufacturing PMI has the potential of changing short-term GBP trend especially considering the recent focus on Britain’s economy and jobs due to Brexit.  Any sharp surprises today could have a longer impact on the overall sentiment of the Sterling. 4:30am (NY Time) UK Manufacturing PMI Forecast 54.0 Previous 54.2 DEVIATION: 2.0 (BUY GBP 56.0 / […]

UK Prelim GDP q/q | April 28, 2017 | Currency Trading

UK Prelim GDP q/q is a first GDP release for the Q1 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 | April 21, 2017 | Currency Trading

UK Retail Sales should be a good release to trade and judge from recent market volatility, a strong surprise today should tilt the scale on Sterling. 5:30am (NY Time) UK Retail Sales Forecast -0.3% Previous 1.4% DEVIATION: 0.5% (BUY GBP 0.2% / SELL GBP -0.8%) The Trade Plan The monthly retail sales report is a […]

UK Manufacturing PMI | April 3, 2017 | Forex Trading

UK Manufacturing PMI has the potential of changing short-term GBP trend but with Brexit already triggered since last week, market’s reaction will be very important to gauge sentiment. At any rate, if we get our deviation, we should see market react accordingly. 4:30am (NY Time) UK Manufacturing PMI Forecast 55.1 Previous 54.6 DEVIATION: 2.0 (BUY […]

UK BOE Interest Rate | March 16, 2017 | Currency News

UK BOE Interest Rate Decision is not likely to surprise the market as Europe as whole is still recovering and so far economic improvements have not reached a point to start tightening, and also considering the incoming Brexit effect, I seriously doubt that there will be a surprise rate decision today. 8:00am (NY Time) UK […]

UK Services PMI | March 3, 2017 | Currency News

UK Services Purchasing Manager Index is a very tradable indicator as the majority workforce is services oriented, therefore a strong release means strong economy and vice versa… 4:30am (NY Time) UK Services PMI Forecast 54.2 Previous 54.5 Deviation: 2.5 (BUY GBP 56.7 / SELL GBP 51.7) The Services PMI is tradable with a minimum deviation of 2.5 […]

UK Retail Sales | February 17, 2017 | Currency Trading

UK Retail Sales should be a good release to watch and probably a very volatile one for GBP.  On a strong surprise today, I’d trade in the direction of the release but avoid taking a trade at all cost unless we get at least our tradable deviation. 4:30am (NY Time) UK Retail Sales Forecast 1.0% […]

UK Services PMI | February 3, 2017 | Currency News

UK Services Purchasing Manager Index is a very tradable indicator as the majority workforce is services based.  A stronger reading should add to the demand of GBP whereas a weaker release will probably prompt shorting of GBP. 4:30am (NY Time) UK Services PMI Forecast 55.8 Previous 56.2 Deviation: 2.5 (BUY GBP 58.3 / SELL GBP […]

UK BOE Interest Rate | February 2, 2017 | Currency News

UK BOE Interest Rate Decision is not likely to surprise the market, but I’d pay close attention to the vote count as a change in that department could have effect on the direction of the GBP.  With ECB Draghi speaking in just 15 minutes, I would stay out unless we get a surprise rate action. […]

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