UK News - Tuesday Morning

1. Consumer Price Index m/m
2. CPI excl. Volatile Items m/m
3. Retail Price Index m/m

All to be announced at 4:30 am (Eastern). Any thoughts on these?

HI aparsai,

i am going to trade this report.
My focus is going to be CPI. If both CPI comes out with
a deviation of + /-0.3% or more we can expect a movement
of 20 pips + if the deviation is less then 0,3 then i'll not trade.



cheers

Frank

things should get jumpy tonight if there is a clear deviation i will be trading this too. that CPI will be watched very closely...

That CPI is a big number. Watch for it!

below 1.8865...sell....market will definately move tonight...with UK and U.S. report....

Set your alarm clocks; rest now so you dont feel light headed later.

Its going to be a busy day ahead!

How do you guys do it. 4am est time.....I need my sleep. What do you guys do so u can trade these late night reports, or are you guys on a different time zone.

I generally just set my alarm clock............it goes off all by itself, and wakes me up at the proper time in the process

Seriously, though, it all just depends how bad you want pips..........if you don't want them, hit snooze, and I'll take them.......

My alarm will be set, and my 2 demos will be set! Hope the report is good!

anyone have any good rumors to share?!?!? any predictions?

Merlin,

I heard Iran is plotting to blow up UK's queen's castle...if they let that out tonight..should we short GBP or what??

hell yes!!!

thanks for the scoop

Ok on a serious note..market is at a critical weekly support area. I think this area is critical which will determine market direction for short term...few weeks. If you get in at a good price make sure you swing trade. Tonight will be the night for that direction to occur. I personally think market looks to rebound especially GBP, however do not get in until the report comes out. Right before the news release, if market is going up, put your finger on the 'short' button. If it is going down, put your finger on a 'buy' button on GBP. Of course, trade on the 5 minute. And I will place a stop order ahead of news....if it is going down before news release and stablizes, then I will place a stop loss to buy at say 15 pips away. Because I think it will go up after news release...and right after it reverses to go up, since my finger is on the button, I will not hestitate to let it go.......that's my plan... any suggestions??

any thoughts for a quick 10 pip?? come on any ideas for tonight anyone???

Historical results:

July 18, it caused a 30 pips movement on the 1st minute then slowly reverses 10 minutes later. NOTE: Estimate was lower than actual figure

June 13, same thing happened. But this time, it immediately reverses on the very 1st minute. NOTE: Estimate was inline with actual figure.

May 16, the result was far higher than April's result and it caused the GBP to slowly fall - if yuo have a small 10 pip stop, you may have been quickly stopped out as it retraced for 20 pips before moving down again.

We've seen mixed results. Sammy intends to catch the peak and hopes for a reversal - I tend to agree with his strategy for this one.

Thank you BurgerKing for the useful info. I will definately get a burger there tomorrow! If I made $$$

I am no chart expert; from what I see, GBPUSD is in a precarious stage not knowing where to go long or short. This coincide with an analyst "7daysahead" as forecasted on CNBC a minute ago; GBP index is on a long term down trend but currently stopped swining up /down.

Perhaps a set of bad UK number and a good US number would drive the pair down again.

In my view Sterling is not showing any discernible sign for shorting in the immediate few hours.But it may spike either-way who knows?

The release caused a 40 pip spike. Not really bad and if we straddle we could have won 10 pips!

I managed to place a LONG after the initial spike. However, I was not able to CLOSE it when I was winning 7 pips and it stopped (break even).

I think it is stabilizing at 1.8970s

burger king, u didn't take my precious advice....