UK Manufacturing PMI | February 1, 2017 | Forex Trading

UK Manufacturing PMI has the potential of changing short-term GBP trend as uncertainty in the market has diminished somewhat; with a stronger/weaker PMI release, we should see plenty of market reaction. 4:30am (NY Time) UK Manufacturing PMI Forecast 55.9 Previous 56.1 DEVIATION: 2.0 (BUY GBP 57.9 / SELL GBP 53.9) The Trade Plan We´re looking […]

UK Prelim GDP q/q | January 26, 2017 | Currency Trading

UK Prelim GDP q/q is a first GDP release for the Q4 of 2016 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.   Considering recent positive data out of UK, today’s […]

UK Services PMI | January 5, 2017 | Currency News

UK Services Purchasing Manager Index is a stronger economic indicator therefore I’d expect to see more market reaction if we get our tradable deviation.  I’d use caution as always this week, but if we get a tradable release, I wouldn’t hesitate on taking a trade… 4:30am (NY Time) UK Services PMI Forecast 54.8 Previous 55.2 […]

UK BOE Interest Rate | December 15, 2016 | Currency News

UK BOE Interest Rate Decision will be the main focus today, but since there are no expectations of any change today, we should see relatively no market reaction, unless we get a surprise, which in that case, we will trade in the direction of the surprise regardless.  In short, only trade if we get a […]

UK CPI y/y | December 13, 2016 | Currency Trading

UK CPI y/y release could change the current directional bias for the Sterling as market may show some fatigue towards the never ending “Brexit” fears. If we get a significantly strong CPI, I would not hesitate go LONG on cable. 4:30am NY Time UK CPI y/y Forecast 1.1% Previous 0.9% DEVIATION: 0.3% (BUY GBP 1.4% […]

UK Services PMI | December 5, 2016 | Currency News

UK Services Purchasing Manager Index is a leading indicator and should cause plenty of market reaction if there is a surprise. As usual, with Brexit still hanging, I would caution holding any long-trades for long periods of time. 4:30am (NY Time) UK Services PMI Forecast 54.2 Previous 54.5 Deviation: 2.5 (BUY GBP 56.7 / SELL […]

UK Manufacturing PMI | December 1, 2016 | Forex Trading

UK Manufacturing PMI is going to move the GBP today if we get our tradable deviation.  With the market focusing on NFP tomorrow, I would not expect too huge of a market move unless we get a strong surprise today… 4:30am (NY Time) UK Manufacturing PMI Forecast 54.4 Previous 54.3 DEVIATION: 2.0 (BUY GBP 56.4 […]

UK Revised GDP q/q | November 25, 2016 | Currency Trading

UK Revised GDP q/q is a second GDP release for the Q3 of 2016 period, and since it is the second release for the same quarter as most data have already been made available, it is much less likely to be surprising, but considering how the market is with the thinning of liquidity during U.S. […]

UK Retail Sales | November 17, 2016 | Currency Trading

UK Retail Sales should be a good release to watch, but again I would be cautious over holding a long GBP trade for long-term. 4:30am (NY Time) UK Retail Sales Forecast 0.5% Previous 0.0% DEVIATION: 0.5% (BUY GBP 1.0% / SELL GBP 0.0%) The Trade Plan The monthly retail sales report is a direct measurement […]

UK CPI y/y | November 15, 2016 | Currency Trading

UK CPI y/y release should provide plenty of market reaction but of course with the drama continuing with the “Brexit” event, I’d recommend only buy GBP for the short-term if we get our buy deviation. 4:30am NY Time UK CPI y/y Forecast 1.1% Previous 1.0% DEVIATION: 0.3% (BUY GBP 1.4% / SELL GBP 0.8%) The […]

UK BOE Interest Rate | Novermber 3, 2016 | Currency News

UK BOE Interest Rate Decision will be the main focus today, however with current Official Bank Rate already at 0.25%, there is very little chance for BOE to maneuver, let along a surprise.  On the APT front, there could be further adjustments, but I’d remain on the sidelines and wait for market reaction before taking […]

UK Services PMI | November 3, 2016 | Currency News

UK Services Purchasing Manager Index is another leading indicator for UK and considering current market condition and the aftermath of yesterday’s FOMC decision, I would use caution and only take a trade if we get our tradable deviation. 5:30am (NY Time) UK Services PMI Forecast 52.5 Previous 52.6 Deviation: 2.5 (BUY GBP 55.0 / SELL […]

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