GB PMI - Services


Fx News Spike Signals by Crazy Cat, 2018/12/05

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 52.5
Prior: 52.2
LT1 (Lower Trigger 1): -1.8 [SELL]
UT1 (Upper Trigger 1): +1.8 [BUY]
Safety: 9

If GB Services PMI comes out at 50.7 or less ( -1.8 trigger), GBP/USD should go down by about 15 pips. If GB Services PMI comes out at 54.3 or higher ( +1.8 trigger), GBP/USD should go up by about 15 pips.

Based on 31 estimates, the median estimate is 52.5 and the average estimate is 52.3. The highest estimate is 53.5 (one vote), then 53.2 (one estimate), 53.0 (four estimates), 52.9 (one vote), 52.7 (three votes), 52.6 (one vote) and then 52.5 (five votes).

The lowest estimate is 51.5 (four estimates), then 51.7 (one vote), 51.8 (two estimates), 51.9 (two votes), 52.0 (five votes), and finally 52.2 (one estimate). One standard deviation is +/- 0.55, up from 0.47 last month.

Sometimes this report works OK and sometimes it doesn't so I don't recommend placing big orders, especially if you choose to select even smaller triggers.

Please browse our Forex news calendar to see how it was performing in the past.

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