UK BOE Inflation Report 08/12/09

5:30am (NY Time) BOE Inflation Report   N/A ACTION: GBP/USD or GBP/JPY      BUY Hawkish     SELL Dovish This is a quarterly report from BOE on projections of inflation and the economy for the next 2 years.  It is a very high impact report and it could affect the short-term to mid-term trend of Sterling. If BOE is […]

BOE Official Bank Rate Decision 08/06/09

7:00am (NY Time) UK Interest Rate Decision  Forecast 0.50%   Previous 0.50% ACTION: GBP/USD      N/A BOE is scheduled to release its interest rate decision today, it is expected that the Bank of England will keep the current rate unchanged at 0.50%.  However, there are concerns of possible ending of BOE’s Quantitative Easing policy, or at very […]

UK Services PMI m/m 08/05/09

4:30am (NY Time) UK Services PMI      Forecast 51.9     Previous 51.6 ACTION: GBP/USD                 BUY 54.00     SELL 49.5 We will watch this report closely as Sterling is at verge of breakout.  Therefore it is for the best start trading this release, this week. If the number comes out worse than the expected 51.9, we’ll SELL GBP/USD; if […]

UK Manufacturing PMI 08/03/09

4:30am (NY Time) UK Manufacturing PMI   Forecast 47.7   Previous 47.0 ACTION: GBP/USD                                     BUY 50.1              SELL         45.0 Manufacturing PMI is a survey of purchasing managers in the manufacturing sector on various economic activities, including inventory, employment, orders, etc… A higher than 50 reading means expansion, or a less than 50 reading means contraction. If our SELL number […]

UK Prelim GDP q/q 07/24/09

4:30am (NY Time) UK GDP q/q       Forecast -0.3%    Previous -2.4% ACTION: (GBP/USD)                               BUY 0.1%                 SELL -0.5% Our focus will be on the GDP, is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every […]

UK Retail Sales m/m 07/23/09

4:30am (NY Time) UK Retail Sales        Forecast 0.4%     Previous -0.6% ACTION: (GBP/USD)                                        BUY 1.0%                SELL -0.2% Our focus will be on Retail Sales, which is a measurement of the activities at the retail level of the nation; a higher Retail sales number means better economy, thus better for its currency. Our surprise factor will be 0.6% on the […]

BOE MPC Meeting Minutes 07/22/09

4:30am UK MPC Meeting Minutes         Forecast 0-0-9        Previous 0-0-9 ACTION: (GBP/USD)                                        Depending on Market Condition Bank of England Monetary Policy Committee will issue detailed minutes over the interest rate decision 2 weeks ago, along with vote count and other issues discussed in the meeting.  This is usually a very high impact news event as traders […]

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