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Forex News This Week for USD + GBP 29th January - 2nd February

Updated: Feb 2


Tuesday 30th January

USD CB Consumer Confidence @ 3.00pm

Forecast: 113.9


30/12 CB Consumer Confidence

Wednesday 20th December

Forecast:104.6

Actual:110.7 (Better than expected)

 

XAUUSD

Price dropped 75 pips on the news and continued a slow downtrend for the rest of the session



Trend - Overall bullish and pulled back


Scenarios

Actual/Better(higher) - Gold Sells

Worse (lower) - Gold Buys


 

USD JOLTS Job Openings @ 3.00pm

Forecast: 8.73M


3/1 JOLTS

Wednesday 3rd January

Forecast: 8.84M

Actual:8.79M

 

XAUUSD

Gold pushed up 110 pips then retraced and closed weak bearish





Trend - Bearish and continued

Scenarios

Actual/Better(higher) - Gold Sells

Worse (lower) - Gold Buys


 

Wednesday 31st January

USD ADP @ 1.15pm

Forecast:143K


4/1 ADP

Thursday 4th January

Forecast: 120K

Actual: 164K (Better than expected)

 

XAUUSD

Gold dropped 40 pips on the initial news release and continued bearish for the next M30 candle

 

Trend - Overall bullish - ranging


Scenarios

Actual/Better(higher) - Gold Sells

Worse (lower) - Gold Buys


 

USD Federal Funds Rate @ 7.00pm

Forecast: 5.50%


13/12 USD Interest Rates

Wednesday 13th December

Forecast: 5.50%

Actual: 5.50%


XAUUSD

Price pushed bullish 250 pips and continued bullish until the end of the session




Trend - Bearish but flipped bullish after news


Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys



 

Thursday 1st February

GBP Official Bank Rate @ 12.00pm

Forecast: 5.25%

Thursday 14th December

Forecast:5.25%

Actual:5.25%


GBPJPY

GBPJPY pushed bullish 110 pips during the news release




Trend - Bearish, bullish pullback after news


Scenarios

Actual/Better -GBPJPY Buys

Worse - GBPJPY Sells


 

USD ISM Manufacturing PMI @ 3.00pm

Forecast: 47.0


Wednesday 3rd January

Forecast: 47.2

Actual: 49.1 (Better than expected)

XAUUSD

Gold pushed up 110 pips then retraced and closed weak bearish




Trend - Bearish and continued


Scenarios

Actual/Better(higher) - Gold Sells

Worse (lower) - Gold Buys


 

Friday 2nd February

USD NFP @ 1.30pm

Forecast:177K

5/1 - NFP

Friday 5th January

Forecast: 168K

Actual: 218K (Better than expected)

 

XAUUSD

Gold dropped 140 pips then retraced and closed weak bullish



 

Trend - Bullish and continued


Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys


 


USD Revised UoM Consumer Sentiment @ 3.00pm

Forecast: 78.8


22/12 USD UoMCS

Friday 22nd December

Forecast: 69.4

Actual: 69.7

 

XAUUSD

Gold dropped 42 pips then reversed and pushed bullish 72 pips




Trend - Overall bullish and closed bullish after a pullback, leaving a long daily top wick


Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys

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