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Forex News This Week for USD + GBP 8th January - 12th January

tradermiki

Thursday 11th January

USD CPI y/y @ 1.30pm

Forecast: 3.2%


Tuesday 12th December

Forecast:3.1%

Actual:3.1%

XAUUSD

News pushed the CPI candle up 60pips before reversing and dropping 80 pips



Trend - Overall bearish, price pulled back before continuing bearish after news


Scenarios

Actual/Better - Gold Sells

Worse - Gold Buys


 

Friday 12th January

GBP GDP m/m @ 7.00am

Forecast: 0.2%


Wednesday 13th December

Forecast:-0.1%

Actual:-0.3%n(Worse than expected)


GBPJPY

Price fell 56pips in the hour after news




Trend - Bearish and continued for the rest of the day

Scenarios

Actual/Better - GBPJPY Buys

Worse - GBPJPY Sells


 

USD PPI m/m @ 1.30pm

Forecast:0.1%


Wednesday 13th December

Forecast: 0.0%

Actual: 0.0%


XAUUSD

50pip bullish push on the news




Trend - Ranging and broke out due to USD interest rates


Scenarios

Actual/Better - Gold Sells

Worse - Gold Buys

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