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Forex News This Week for USD + GBP 22nd January - 26th January

Updated: Jan 23

Tuesday 23rd January

JPY BOJ Policy Rate

Forecast: -0.10%

Tuesday 19th December

Forecast: -0.10%

Actual: -0.10%

(As expected)


GBPJPY

GJ pushed up 130 pips on the news release




Trend - Ranging and continued bullish


Scenarios

Actual/Better(higher) - GBPJPY Buys

Worse (lower) - GBPJPY Sells


 

Wednesday 24th January

GBP Flash Manufacturing/Services PMI @ 9.30am

Forecast: 46.7/53.0


15h december gbp flash manu/services PMI

Friday 15th December

Forecast:47.6/51.0

Actual: 46.4/52.7

(Mixed data)

 

GBPJPY

Price pushed up 64 pips with no bottom wick



Trend - Trading within a range and continued


Scenarios

Actual/Better (higher) - GBPJPY Buys

Worse (lower) - GBPJPY Sells


 

USD Flash Manufacturing/Services PMI @ 2.45pm

Forecast: 47.6/51.0


15h december flash manu/services pmi

Friday 15th December

Forecast:49.5/50.7

Actual:48.2/51.3

Mixed data


XAUUSD

Small whipsaw on the news, price moved less than 40 pips in total




Trend - Overall bullish but pulled back towards the end of the day


Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys


 

Thursday 25th January

USD Advanced GDP q/q @ 1.30pm

Forecast: 2.0%

26th october usd advanced gdp

Thursday 26th October

Forecast: 4.5%

Actual: 4.9% (Better than expected)

 

XAUUSD

Quick bullish spike then 90 pip bearish drop

 



Trend - Ranging and continued


Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys


 

Friday 26th January

USD Core PCE Price Index m/m @ 1.30pm

Forecast: 0.2%


22nd december core pce price index

 Friday 22nd December

Forecast: 0.2%

Actual: 0.1% (Worse than expected)

 

XAUUSD

Price dropped 42 pips then pushed bullish 73pips up



Trend - Bullish and continued


Scenarios

Actual/Better (higher) - Gold Sells

Worse(lower) - Gold Buys

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