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Forex News This Week for USD + GBP 18th March - 22nd March


Wednesday 20th March

GBP CPI y/y @ 7.00am

Forecast: 3.5%

Wednesday 14th February

Forecast: 4.1%

Actual: 4.0% (Worse than expected)


GBPJPY

GJ fell 70pips on the news and continued bearish

 



Trend - Bullish, bearish pull back from highs


Scenarios

Actual/Better(higher) - GBPJPY Buys

Worse(lower) - GBPJPY Sells


 

USD Federal Funds Rate @ 6.00pm

Forecast: 5.50%

Wednesday 31st January

Forecast: 5.50%

Actual: 5.50%


XAUUSD

Gold pushed up 24 pips and dropped 63 pips

 

Trend - Bearish with bullish pull back


Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys


 

Thursday 21st March

GBP Flash Manufacturing/Services PMI @ 9.30am

Forecast: 47.0/53.8

Thursday 22nd February

Forecast: 47.5/54.2

Actual: 47.1/54.3

 

GBPJPY

GJ dropped 46 pips on the news

 




Trend - Bullish and broke the highs


Scenarios

Actual/Better (higher) -GBPJPY Buys

Worse (lower) - GBPJPY Sells


 

GBP Official Bank Rate @ 12.00pm

Forecast: 5.25%

Thursday 1st February

Forecast: 5.25%

Actual: 5.25%

 

GBPJPY

GJ pushed up 76 pips on the news then retraced and retested the lows

 


Trend - Bearish and pushed bullish


Scenarios

Actual/Better (higher) - GBPJPY Buys

Worse (lower) - GBPJPY Sells


 

USD Flash Manufacturing/Services PMI @ 1.45pm

Forecast: 51.8/52.0



Thursday 22nd February

Forecast: 50.5/51.5

Actual: 52.4/51.3

 

XAUUSD

Gold pushed up 35pips then continued bearish

 




Trend - Bullish pull back phase, closed weak bearish


Scenarios

Actual/Better (higher)- Gold Sells

Worse(lower) - Gold Buys


 

Friday 16th February

GBP Retail Sales @ 7.00am

Forecast: 1.5%


Friday 16th February

Forecast: 1.5%

Actual: 3.4% (Better than expected


GBPJPY

GJ pushed up 35 pips on the news and pulled back closing weak bullish



Trend - Bearish pull back from high, bullish push from news


Scenarios

Actual/Better (higher) -GBPJPY Buys

Worse (lower) - GBPJPY Sells

 

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