UK Index of Production, May 2014 | Forex Factory

  • UK Index of Production, May 2014

    From ons.gov.uk

    •Production output increased by 2.3% between May 2013 and May 2014. There were increases in two of the main sectors, with manufacturing being the largest contributor, increasing by 3.7%. Water supply, sewerage & waste management increased by 2.3%. •The main manufacturing components contributing to the increase between May 2013 and May 2014 were rubber, plastic & other non-metallic mineral products; transport equipment; and food products, beverages & tobacco. •Total production decreased by 0.7% between April 2014 and May 2014. Manufacturing was the largest contributor, decreasing by 1.3%. •The main contributors ... (full story)

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OnlineAddict
Jul 8, 2014 5:30am
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Whoever is shorting cable must be suicidal. I was short, too, but only from 7142 to 7095, from there I'm long again and hopefully will add tomorrow before FOMC towards 1.7250 or 1.73, which can be easily hit this week.
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OnlineAddict
Jul 8, 2014 7:21am
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Quoting cristmaster
is time for 2 weeks but if fall 100 pibs were is now i can clouse my pozition at 0,and after use nzdusd because is high too
In the time you have been waiting for that 100 pip fall, you could have made 300 pips by buying the dips...you just waste time, close bad trades, no matter how much it hurts.
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OnlineAddict
Jul 8, 2014 8:08am
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Quoting cristmaster
wll be 1.7000 soon must test again to have power for up trend and maybe after see 1.7200, 1.7300 ....................
We already tested 1.70 enough...today it can't even close below 1.7115 during US session...I added another long. Have now longs from 7095, 7118, 7120, I hope we can break 1.72 straight from here, without looking back below 7115 again. All we need is a close higher than yesterday and since we are very close, it shouldn't be a problem, lets wait and see who is right.
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Exodus
Jul 8, 2014 1:38am
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Have been sweating a short on Cable for a few days.
I guess this is the evidence of stress reported in some areas of the UK economy. John Longworth of the British Chamber of Commerce has been raising warning flags very recently.....
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Rtm
Jul 8, 2014 1:44am
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Quoting Exodus
Have been sweating a short on Cable for a few days.
I guess this is the evidence of stress reported in some areas of the UK economy. John Longworth of the British Chamber of Commerce has been raising warning flags very recently.....
Yes same here, looks like kicking us off for correction on massive bull run
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Rtm
Jul 8, 2014 1:54am
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Quoting nomemory
I wasn't expecting this.
Your head in the clouds! This whole GU rally has been on good data and hawkish monetary policy, not much to do with interest rates so you gotta think a correction will be around the corner sooner or later! Unlike NZD where it is driving mostly from interest rate
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Exodus
Jul 8, 2014 4:52am
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Quoting Rtm
Yes same here, looks like kicking us off for correction on massive bull run
Well price hits the 50MA on 15 minute chart, also the 62% fib depending upon where you join the lines; and I have to go out for a short while
US will be open by the time I get back.
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OnlineAddict
Jul 8, 2014 5:31am
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Quoting sed0tan
Time to
Buy dollar
Sell pound
Until BOE rise interest rate
With a 500 pip SL, sure, why not.
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simply.monty
Jul 8, 2014 7:43am
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Quoting anytime1991
1.7350 strong resistance market should reach it and then show fast acceleration to the down side
100% correct assumption.
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insomniawawa
Jul 8, 2014 1:46am
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I'm glad about this bad data, bigger correction was needed to go long on GBPUSD. Now it's time to wait for good signal.
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sed0tan
Jul 8, 2014 3:19am
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Time to
Buy dollar
Sell pound
Until BOE rise interest rate
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nomemory
Jul 8, 2014 1:42am
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I wasn't expecting this.
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anytime1991
Jul 8, 2014 2:57am
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1.7350 strong resistance market should reach it and then show fast acceleration to the down side
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cristmaster
Jul 8, 2014 6:57am
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fall now mothefuker gbpusd time go back 1.7000
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Trader#B890
Jul 8, 2014 7:00am
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Quoting cristmaster
fall now mothefuker gbpusd time go back 1.7000
Why don't you simply buy the dips? Why people still try to short it and miss all the long opportunities? Tomorrow is FOMC...wouldn't be surprised if we ended up above 1.72.
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cristmaster
Jul 8, 2014 7:07am
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is time for 2 weeks but if fall 100 pibs were is now i can clouse my pozition at 0,and after use nzdusd because is high too
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cristmaster
Jul 8, 2014 7:21am
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aha ya ya with this data be sure u will see there or at 1.7000
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cristmaster
Jul 8, 2014 7:24am
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wll be 1.7000 soon must test again to have power for up trend and maybe after see 1.7200, 1.7300 ....................
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Trader#DB14
Jul 8, 2014 2:03am
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it will go down towards 1.700 there we can buy for long gbp/usd , as we can see very rarely bad data on gbp this will have limited downside as profit taking also thanku
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