Forex News This Week for USD + GBP 26th February - 1st March

Tuesday 27th February

USD Consumer Confidence @ 3.00pm

Forecast: 114.8

Tuesday 30th January

Forecast: 114.2

Actual: 114.8 (Better than expected)

*Same day as JOLTS Job Openings

XAUUSD

Gold dropped 170 pips on the news

 Trend - Bearish with a bullish pull back

Scenarios

Actual/Better(higher) - Gold Sells

Worse (lower) - Gold Buys

---

Wednesday 28th February

USD Prelim GDP q/q @ 1.30pm

Forecast: 3.3%

Wednesday 29th November

Forecast: 5.0%

Actual: 5.2% (Better than expected)

XAUUSD

Gold dropped 48 pips on the news then retraced and slowly continued bullish

Trend - Bullish and continued

Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys

---

Thursday 29th February

USD Core PCE Price Index m/m @ 1.30pm

Forecast: 0.4%

Friday 26th January

Forecast: 0.2%

Actual: 0.2%

XAUUSD

Gold dropped 34 pips before reversing and pushing up 44 pips

Trend - Ranging and continued

Scenarios

Actual/Better (higher) -Gold Sells

Worse (lower) - Gold Buys

---

Friday 1st March

USD ISM Manufacturing PMI @ 3.00pm

Forecast: 49.5

Thursday 1st February

Forecast: 47.2

Actual: 49.1 (Better than expected)

XAUUSD

Gold dropped 57 pips and then flipped and pushed bullish 44 pips

Trend - Bullish and continuing

Scenarios

Actual/Better (higher) -Gold Sells

Worse (lower) - Gold Buys

---

USD Revised UoM Consumer Sentiment @ 3.00pm

Forecast: 79.6

Friday 2nd February

Forecast:78.9

Actual:79.0

XAUUSD

Gold dropped 60 pips on the news then retraced

Trend - Bearish and continued

Scenarios

Actual/Better (higher) - Gold Sells

Worse (lower) - Gold Buys

---