Hi there
On Monday, Jan 04 at 04:28 am New York Time we will have UK Manufacturing PMI coming out. It is expected to read 52.0. Last month it read 51.8.
It used to be released at 4:28 a.m. so I am not sure if they switched back to 4:30 a.m. or it's a mistake. I will keep an eye on it right before the report.
I recommend trading GBP/USD for this report.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/fore...r-descriptions/7326-uk-manufacturing-pmi.html
The trigger for this indicator is 1.0. This means that if UK Manufacturing PMI comes out at 53.0 or higher, GBP/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 51.0 or lower, GBP/USD will probably go down by 30 pips or more in the first 45 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...ing-pmi-after-spike-retracement-strategy.html
For example: on December 1st, UK Manufacturing PMI came out at 51.8, versus an expectation of 54. GBP/USD went up by around 40 pips. See for yourself what happened on this chart:
Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for GBP Manufacturing PMI
As always, wait for my email this Saturday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Crazy Cat
On Monday, Jan 04 at 04:28 am New York Time we will have UK Manufacturing PMI coming out. It is expected to read 52.0. Last month it read 51.8.
It used to be released at 4:28 a.m. so I am not sure if they switched back to 4:30 a.m. or it's a mistake. I will keep an eye on it right before the report.
I recommend trading GBP/USD for this report.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/fore...r-descriptions/7326-uk-manufacturing-pmi.html
The trigger for this indicator is 1.0. This means that if UK Manufacturing PMI comes out at 53.0 or higher, GBP/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at 51.0 or lower, GBP/USD will probably go down by 30 pips or more in the first 45 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...ing-pmi-after-spike-retracement-strategy.html
For example: on December 1st, UK Manufacturing PMI came out at 51.8, versus an expectation of 54. GBP/USD went up by around 40 pips. See for yourself what happened on this chart:
Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for GBP Manufacturing PMI
As always, wait for my email this Saturday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Crazy Cat
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