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Forex News This Week for USD + GBP 12th February - 16th February

Updated: Feb 16


Tuesday 13th February

GBP Claimant Count Change @ 7.00am

Forecast: 15.2K


16th January GBP Claimant Count Change

Tuesday 16th January

Forecast: 18.1K

Actual: 11.7K (Better than expected)


GBPJPY

GJ dropped bearish 20 pips then continued bullish for the rest of the session after London open


Trend - Bullish and continued


Scenarios

Actual/Worse(lower) - GBPJPY Buys

Better (higher) - GBPJPY Sells


 

USD CPI y/y @ 1.30pm

Forecast: 2.9%


11th January USD CPI

Thursday 11th January

Forecast: 3.2%

Actual: 3.4% (Better than expected)


XAUUSD

Gold pushed up 77 pips before reversing selling down 120 pips



Trend - Bearish but closed forming support and a rejection wick on the daily timeframe


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys


 

Wednesday 14th February

GBP CPI y/y @ 7.00am

Forecast: 4.1%


17th January GBP CPI

Wednesday 17th January

Forecast: 3.8%

Actual: 4.0% (Better than expected)


GBPJPY

GJ pushed bullish 65 pips on the news and continued bullish for the rest of the session


Trend - Bullish and continued


Scenarios

Actual/Better(higher) - GBPJPY Buys

Worse(lower) - GBPJPY Sells


 

Thursday 15th February

GBP GDP m/m @ 7.00am

Forecast: -0.2%


12th January GBP GDP

Friday 12th January

Forecast: 0.2%

Actual: 0.3% (Better than expected)


GBPJPY

Small bullish spike on GJ then it continued bearish for the rest of the session


Trend - Bearish and continued


Scenarios

Actual/Better (higher) -GBPJPY Buys

Worse (lower) - GBPJPY Sells



 

USD Empire State Manufacturing Index @ 1.30pm

Forecast:-11.9

16th January USD ESMI

Tuesday 16th January

Forecast: -4.9

Actual: -43.7 (Worse than expected)


XAUUSD

Gold pushed up 130 pips on the news then retraced




Trend - Bearish pull back phase


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys


 

USD Retail Sales m/m @ 1.30pm

Forecast: -0.2%


17th January USD Retail Sales

Wednesday 17th January

Forecast: 0.4%

Actual: 0.6% (Better than expected)


XAUUSD

Gold dropped 60 pips on the news and continued bearish for the rest of the session



Trend -Bearish and continued


Scenarios

Actual/Better (higher)- Gold Sells

Worse(lower) - Gold Buys


 

Friday 16th February

GBP Retail Sales @ 7.00am

Forecast: 1.5%

19th January GBP Retail Sales

Friday 19th January

Forecast: -0.5%

Actual: -3.2% (Worse than expected)


GBPJPY

GJ dropped 55 pips on the news, made a low and slow reversed


Trend - Bullish - made a high and pulled back respecting resistance


Scenarios

Actual/Better (higher) -GBPJPY Buys

Worse (lower) - GBPJPY Sells

 

USD PPI m/m @ 1.30pm

Forecast: 0.1%


12th January USD PPI

Wednesday 12th January

Forecast: 0.1%

Actual: -0.1% (Worse than expected)


XAUUSD

Gold pushed bullish 75 pips then ranged at the highs




Trend - Bullish pull back


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys


 

USD Prelim UoM Consumer Sentiment @ 3.00pm

Forecast: 80.0


19th January USD Prelim UoM CS

Friday 19th January

Forecast: 69.8

Actual: 78.8 (Better than expected)


XAUUSD

Gold pushed up 26 pips before reversing and dropping 65 pips




Trend - Bullish and continued


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) -Gold Buys

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