For GBP:
1. 7.00 a.m.- Asset Purchase Facility.
For previous 5 months, it remained Unchanged. Today, also forecasted to be Unchanged
Possible Actual(Forecasted): 375B-Previous: 375B.
Possible Change - No Major Change is expected.
2. 7.00 a.m.- Official Bank Rate.
For previous 5 months, it remained Unchanged. Today, also forecasted to be Unchanged
0.50%-0.50%
-No Major Change is expected.
3. 7.00 a.m.- MPC Rate Statement.
More hawkish than expected = Good for currency
For USD:
1. 8.15 a.m. -ADP Non-Farm Employment Change.
Though July and August seen a growth in Actual amount, today is forecasted to be declined in Actual. Probably the recent US economical condition is encouraging this decision.
142K-163K
- USD will be weaken, so a Bull can be expected.
2. 8.30 a.m.- Unemployment Claims.
Though previous Two months seen a growth in Actual amount (which is BAD for currency), today it's forecasted to be lower than Forecasted (which is GOOD for currency).
369K-374B
- A Bullish nature can be expected that time.
3. 10.00 a.m.-ISM Non-Manufacturing PMI.
A slight declined changed is forecasted (52.5-52.6), so, it's not GOOD for USD.
-If the Actual comes out higher than 53, then a strong Bullish change can be expected.
So, from the upcoming news and their importance, it can be expected that from 7-8 a.m. GBP-USD pair will be Bullish. Then after the USA releases, a Decline can be expected. Especially, if the Unemployment Claims and ISM Non-Manufacturing PMI come out in the Favor of USD, then a Strong decline will be seen.
So, what do you think? Have you already any data that can change the Forecasted values totally Opposite direction? Let us know your thoughts.
1. 7.00 a.m.- Asset Purchase Facility.
For previous 5 months, it remained Unchanged. Today, also forecasted to be Unchanged
Possible Actual(Forecasted): 375B-Previous: 375B.
Possible Change - No Major Change is expected.
2. 7.00 a.m.- Official Bank Rate.
For previous 5 months, it remained Unchanged. Today, also forecasted to be Unchanged
0.50%-0.50%
-No Major Change is expected.
3. 7.00 a.m.- MPC Rate Statement.
More hawkish than expected = Good for currency
For USD:
1. 8.15 a.m. -ADP Non-Farm Employment Change.
Though July and August seen a growth in Actual amount, today is forecasted to be declined in Actual. Probably the recent US economical condition is encouraging this decision.
142K-163K
- USD will be weaken, so a Bull can be expected.
2. 8.30 a.m.- Unemployment Claims.
Though previous Two months seen a growth in Actual amount (which is BAD for currency), today it's forecasted to be lower than Forecasted (which is GOOD for currency).
369K-374B
- A Bullish nature can be expected that time.
3. 10.00 a.m.-ISM Non-Manufacturing PMI.
A slight declined changed is forecasted (52.5-52.6), so, it's not GOOD for USD.
-If the Actual comes out higher than 53, then a strong Bullish change can be expected.
So, from the upcoming news and their importance, it can be expected that from 7-8 a.m. GBP-USD pair will be Bullish. Then after the USA releases, a Decline can be expected. Especially, if the Unemployment Claims and ISM Non-Manufacturing PMI come out in the Favor of USD, then a Strong decline will be seen.
So, what do you think? Have you already any data that can change the Forecasted values totally Opposite direction? Let us know your thoughts.