GB PMI - Manufacturing

Fx News Spike Signals by Crazy Cat, 2019/05/01

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 53.1
Prior: 55.1
LT1 (Lower Trigger 1): -2.5 [SELL]
UT1 (Upper Trigger 1): +2.5 [BUY]
Safety: 7

Due to Brexit issues, the market may not care about this report at all this time, as it can be totally driven by Brexit-related events.

If GB Manufacturing PMI comes out at 50.6 or less ( -2.5 trigger), GBP/USD may go down by about 20 pips. If it comes out at 55.6 or higher ( +2.5 trigger), GBP/USD may go up by 20 pips.

Based on 38 estimates, median estimate is 53.1 and average estimate is 52.9. The lowest estimate is 48.0 (one estimate), then 51.0 (one estimate), then 51.5 (two estimates), 51.7 (one estimate), then 52.0 (two votes), 52.1 (one estimate), 52.2 (one estimate), 52.5 (three votes), 52.6 (one vote), 53.0 (six votes), 53.1 (two votes), 53.5 (eight votes), 53.8 (one vote), 53.9 (two votes), 54.0 (five estimates) and finally 54.3 (one vote).

One standard deviation is +/- 1.15, up from 0.38 last month.

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.