UK Retail Sales m/m 09/17/09

4:30am (NY Time) UK Retail Sales Forecast 0.2% Previous 0.4% ACTION: GBP/USD BUY 0.8% SELL -0.4% Definition: 3rd Party Advertisement Our focus will once again be on the UK Retail Sales, which is measurement of activities at the retail level, therefore a higher Retail sales number means better economy and better for Sterling. Update: No […]

UK Retail Sales m/m 08/20/09

4:30am (NY Time) UK Retail Sales Forecast 0.3% Previous 1.2% ACTION: GBP/USD BUY 0.9% SELL -0.3% Definition: Our focus will once again be on the UK Retail Sales, which measures activities at the retail level of the nation; a higher Retail sales number means better economy, thus better for Sterling. UPDATE: Retail Sales came out […]

UK CPI y/y 12/15/09

4:30am (NY Time) UK CPI y/y Forecast 1.8% Previous 1.5% ACTION: GBP/USD BUY 2.1% SELL 1.5% DEFINITION “CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from […]

UK CPI y/y 10/13/09

4:30am (NY Time) UK CPI y/y Forecast 1.3% Previous 1.6% ACTION: GBP/USD BUY 1.5% SELL 1.1% Definition: “CPI, Consumer Price Index, is a statistical estimate of the movement of the prices of goods and services bought for consumption purposes by households. Its computation uses price data collected for a sample of goods and services from […]

UK Services PMI 09/03/09

4:30am (NY Time) UK Services PMI Forecast 53.9 Previous 53.2 ACTION: GBP/USD BUY 56.00 SELL 51.5 Definition: The Chartered Institute of Purchasing and Supply (CIPS) Services Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. A rising trend has a positive effect […]

UK Services PMI 10/05/09

Definition: “The Chartered Institute of Purchasing and Supply (CIPS) Services Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers in the services sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation’s currency. To produce the index, purchasing managers are surveyed on a number of […]

BOE MPC Official Bank Rate Decision 10/08/09

7:00am (NY Time) UK Offcial Bank Rate Decision Forecast 0.50% Previous 0.50% Definition BOE’s MPC is scheduled to release interest rate decision today, and it’s expected that Bank of England will keep the current rate at 0.50% (again). If you remember last rate decision, BOE kept both interest rate and APF unchanged, which turned out […]

UK Manufacturing PMI 10/01/09

4:30am (NY Time) UK Manufacturing PMI Forecast 50.2 Previous 49.7 ACTION: GBP/USD BUY 52.2 SELL 48.00 DEFINITION: “UK 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.” As […]

US New Home Sales 7/27/09

10:00am (NY Time) US New Home Sales Forecast 353K Previous 342K Definition Measures the annualized number of new residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation’s currency because the housing market is a leading gauge for the overall economy. A high level of housing […]

US Existing Home Sales m/m 07/23/09

10:00am (NY Time) US Existing Home Sales Forecast 4.82M Previous 4.77M ACTION: USD/JPY, USD/CHF BUY 5.22M SELL 4.42M Definition: Measures the annualized number of existing residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation’s currency because large purchases tend to be made by consumers that […]

US Existing Home Sales 09/24/09

10:00am (NY Time) US Existing Home Sales Forecast 5.36M Previous 5.24M Definition “Measures the annualized number of existing residential buildings that were sold during the previous month. A rising trend has a positive effect on the nation´s currency because large purchases tend to be made by consumers that are optimistic and confident in their financial […]

US Interest Rate & FOMC Statement – 06/24/09

Definition It’s the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future […]

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