UK Prelim GDP q/q | October 27, 2016 | Currency Trading

UK Prelim GDP q/q is a first GDP release for the Q3 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 Brexit vote and it’s implications, today’s release […]

UK Retail Sales | October 20, 2016 | Currency Trading

UK Retail Sales should be a good release to watch, but considering the recent down trend in GBP, only take this trade if we get our tradable deviation. 4:30am (NY Time) UK Retail Sales Forecast 0.3% Previous -0.2% DEVIATION: 0.5% (BUY GBP 0.8% / SELL GBP -0.2%) The Trade Plan The monthly retail sales report […]

UK Services PMI | October 5, 2016 | Currency News

UK Services Purchasing Manager Index is another leading indicator for UK and judging from current market sentiment, a surprise release should help to drive the market in the same direction at least for the next couple of hours. 4:30am (NY Time) UK Services PMI Forecast 52.1 Previous 52.9 Deviation: 2.5 (BUY GBP 54.6 / SELL […]

UK Manufacturing PMI | October 3, 2016 | Forex Trading

UK Manufacturing PMI is usually a good tradable leading indicator for GBP.  With Brexit fears still lingering, any surprise today should drive the market temporarily. 4:30am (NY Time) UK Manufacturing PMI Forecast 52.1 Previous 53.3 DEVIATION: 2.0 (BUY GBP 54.1 / SELL GBP 49.1) The Trade Plan We´re looking for a tradable deviation (or the […]

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

UK BOE Interest Rate Decision will be the main focus as BOE has decided to wait during the last meeting, but all indications are pointing to a rate cut today in efforts to boost economy after the Brexit vote. If BOE decides to keep rates unchanged (like the last time), we could see some fundamental […]

UK Retail Sales | September 15, 2016 | Currency Trading

UK Retail Sales should be a very tradable and we should see plenty of market reaction if we get at least our deviation; at any rate, GBP is expected to drop further until UK invokes article 50 and exit EU, so I would not recommend holding long GBP trades for long. 4:30am (NY Time) UK […]

UK Manufacturing PMI | September 1, 2016 | Forex Trading

UK Manufacturing PMI is a strong mover and this would give us a good idea on the sentiment of UK’s manufacturing sector after recent Brexit vote.  Obviously with Brexit likely to linger on until 2017, UK’s economy should remain relatively unchanged until then. 4:30am (NY Time) UK Manufacturing PMI Forecast 49.1 Previous 48.2 DEVIATION: 2.0 […]

UK Retail Sales | August 18, 2016 | Currency Trading

UK Retail Sales should be a very tradable and we should see plenty of market reaction if we get at least our deviation; at any rate, GBP is expected to drop further until UK invokes article 50 and exit EU, so I would not recommend holding long GBP trades for long. 4:30am (NY Time) UK […]

UK BOE Interest Rate | August 4, 2016 | Currency News

UK BOE Interest Rate Decision will be the main focus as BOE has decided to wait during the last meeting, but all indications are pointing to a rate cut today in efforts to boost economy after the Brexit vote.  If BOE decides to keep rates unchanged (like the last time), we could see some fundamental […]

UK Services PMI | August 3, 2016 | Currency News

UK Services Purchasing Manager Index could be another strong release out of UK today.  Remember this would be the true scheduled survey after Brexit vote, so any surprises today could end up changing the short-term trend for GBP.  Obviously a positive surprise would have the most impact, but on a more negative surprise, we could […]

UK Manufacturing PMI | August 1, 2016 | Forex Trading

UK Manufacturing PMI is a strong mover and this would give us a good overview on UK’s manufacturing sector after Brexit, and of course, depending on the release figure, we should see plenty of market reaction. 4:30am (NY Time) UK Manufacturing PMI Forecast 49.1 Previous 52.1 DEVIATION: 2.0 (BUY GBP 51.1 / SELL GBP 47.1) […]

UK Prelim GDP q/q | July 27, 2016 | Currency Trading

UK Prelim GDP is the most important of three GDP releases since it’s the most likely to surprise.  With market already bracing for the impact from Brexit, today’s release may provide a false reading as the real impact will probably come in October… However, I’d still be looking to trade if we get our tradable […]

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