GB Industrial Production (M/M)

Fx News Spike Signals by Crazy Cat, 2018/02/09

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: -0.9
Prior: 0.4
LT1 (Lower Trigger 1): -0.7 [SELL]
UT1 (Upper Trigger 1): +0.7 [BUY]

If GB Industrial Production (M/M) comes out at -1.6 or less ( -0.7 trigger), GBP/USD should go down by about 25 pips. If GB Services PMI comes out at -0.2 or higher ( +0.7 trigger), GBP/USD should go up by about 25 pips.

Based on 31 estimates for GB Industrial Production (M/M), median estimate is -0.9% and the average estimate is -0.7%. The highest estimate is +0.7% (one estimate), then 0.5% (one vote), then 0.3% (one estimate), then -0.2% (two estimates), -0.3% (one estimate), -0.4% (one vote), and then -0.5% (two votes), -0.6% (one vote), -0.8% (two votes), -0.9% (10 votes), -1.0% (six estimates), -1.2% (two votes) and then finally -1.5% (one estimate). One standard deviation is +/-0.49%, up from 0.24 last month.

There is a chance that +/- 0.6 or even 0.5 triggers would work but I don't want to recommend too aggressive triggers. If you wish to use smaller triggers, then be very careful and don't trade big volumes.

I recommend to check our news calendar with charts for this report. To do that, please visit our Forex calendar with historic charts. Then find this report on the list, then click on its name to see recent history of this report, and finally click on the "chart" hyperlinks to see charts.

Forex news history and charts

Go back to the Forex Market News listing
Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.