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Forex News This Week for USD + GBP 11th March - 15th March


Tuesday 12th March

GBP Claimant Count Change @ 7.00am

Forecast: 20.3K

16th January GBP Claimant Change

Tuesday 16th January

Forecast: 15.2K

Actual: 14.1 (Better than expected)


GBPJPY

GJ pushed up 64 pips on the news




Trend - Bullish and continued


Scenarios

Actual/Worse(lower) - GBPJPY Buys

Better (higher) - GBPJPY Sells


 

USD CPI y/y @ 12.30pm

Forecast: 3.1%

13th February USD CPI

Tuesday 13th February

Forecast: 2.9%

Actual: 3.1% (Better than expected)


XAUUSD

Price dropped 260 pips + and continued further down to 390 pips



Trend - Bearish and continued


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys


 

Wednesday 13th March

GBP GDP y/y @ 7.00am

Forecast: 0.2%

15th February GBP GDP

Thursday 15th February

Forecast: -0.2%

Actual: -0.1% (Better than expected)

 

GBPJPY

GJ fell 32 pips on the news

 



Trend - Overall bullish - bearish pull back


Scenarios

Actual/Better(higher) - GBPJPY Buys

Worse(lower) - GBPJPY Sells


 

Thursday 14th March

USD PPI m/m @ 12.30pm

Forecast: 0.3%

16th February USD PPI

Friday 16th February

Forecast: 0.1%

Actual: 0.3% (Better than expected)


XAUUSD

Price dropped 115 pips on the news





Trend - Bullish, pull back phase in trend


Scenarios

Actual/Better (higher) -Gold Sells

Worse (lower) - Gold Buys


 

USD Retail Sales m/m @ 12.30pm

Forecast: 0.8%

15th February USD Retail Sales

Thursday 15th February

Forecast: -0.2%

Actual: -0.8% (Worse than expected)


XAUUSD

Gold dropped 30 pips then reversed and pushed up 50 pips

 


Trend - Bearish, bullish pull back


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys


 

Friday 15th March

USD Empire State Manufacturing Index @ 12.30pm

Forecast: -7.6

15th February - USD ESMI

Thursday 15th February

Forecast: -13.7

Actual: -2.4 (Better than expected)


XAUUSD

Gold dropped 30 pips then reversed and pushed up 50 pips




Trend - Bearish, bullish pull back


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys


 

USD Prelim UoM Consumer Sentiment @ 2.00pm

Forecast: 77.3

16th February USD Prelim UoM CS

Friday 16th February

Forecast: 80.0

Actual: 79.6 (As expected)


XAUUSD

Gold pushed 83 pips on the news




Trend - Bearish, bullish pull back phase


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) -Gold Buys

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