GB Industrial Production (M/M)

Fx News Spike Signals by Crazy Cat, 2019/03/12

Release Time: 05:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 0.2
Prior: -0.5
LT1 (Lower Trigger 1): -1.1 [SELL]
UT1 (Upper Trigger 1): +1.1 [BUY]
Safety: 5

If GB Industrial Production (M/M) comes out at -0.9 or less ( -1.1 trigger), GBP/USD should go down by about 20 pips. If GB Services PMI comes out at 1.3 or higher ( +1.1 trigger), GBP/USD should go up by about 20 pips.

Based on 26 estimates for GB Industrial Production (M/M), median estimate is 0.2% and the average estimate is 0.12%. The highest estimate is +0.7% (two estimates), then 0.5% (one vote), then 0.4% (two estimates), then 0.3% (three estimates), 0.2% (six estimates), 0.1% (one vote), and then 0.0% (five votes), -0.1% (one vote), then -0.3% (four estimates) and then finally -0.4% (one estimate). One standard deviation is +/- 0.29%.

There is a chance that +/- 0.9 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 historical charts. Then find this report on the list, then click on its name to see the recent history of this report, and finally click on the "chart" hyperlinks to see charts.

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