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News This Week July 24th - July 28th

tradermiki

Updated: Aug 21, 2023

Monday 24th July

GBP Flash Manufacturing/Services PMI @ 9.30am

Forecast: 46.1/53.1



GBPJPY Friday 23rd June Flash PMIs

Friday 23rd June

Forecast: 46.9/54.8

Actual: 46.2/53.7 Worse than expected


GBPJPY

GJ spiked down before reversing and closing bullish and pushing up




Scenarios

Actual/Better than expected - GJ Buys

Worse than expected - GJ Sells

 

USD Flash Manufacturing/Services PMI @ 14.45pm

Forecast: 46.1/54.0



Gold Flash PMIs 23rd June

Friday 23rd June

Forecast: 48.6/53.9

Actual: 46.3/54.1

Mixed data


XAUUSD

Mixed numbers, small push up and then retraced previous bullish move





Scenarios

Actual/Better than expected - Gold Sells

Worse than expected - Gold Buys


 

Tuesday 25th July

USD CB Consumer Confidence @ 15.00pm

Forecast: 112.1



Gold CB Consumer Confidence 27th June

Tuesday 27th June

Forecast: 103.9

Actual: 109.7 Better than expected


XAUUSD

Gold broke previous lows pushed down 100pips




Scenarios

Actual/Better than expected - Gold Sells

Worse than expected - Gold Buys



 

Wednesday 26th July

USD Federal Funds Rate @ 19.00pm

Forecast: 5.50%



Gold Interest rates 14th June

Wednesday 14th June

Forecast: 5.25%

Actual: 5.25% As expected


XAUUSD

Gold fell 140pips on the news and retested daily open




Scenarios

Actual/Better than expected - Gold Sells

Worse than expected - Gold Buys

 

Thursday 27th July

USD Advance GDP @ 13.30pm

Forecast: 1.7%


Gold 27th April - Advance GDP

Thursday 27th April

Forecast: 2.0%

Actual: 1.1% Worse than expected


*Released with Weekly Unemployment Claims


XAUUSD

Initially pushed up but flipped bearish and made new lows



Scenarios

Actual/Better than expected - Gold Buys

Worse than expected - Gold Sells


 

Friday 28th July

JPY Monetary Policy Statement @ 4am

Forecast: -0.10% Interest Rate


JPY Interest rate GBPJPY June 16th

Friday 16th June

Forecast: -0.10%

Actual: - 0.10%


GBPJPY

Initial push down for the news but very bullish for GJ throughout the day





Scenarios

Actual/Worse than expected - GJ Buys

Better than expected - GJ Sells

 

USD Core PCE Price Index m/m @ 13.30pm

Forecast: 0.2%


Gold 30th June - Core PCE Index

Friday 30th June

Forecast: 0.3%

Actual: 0.3%


XAUUSD

Gold pushed up and broke highs





Scenarios

Actual/Better than expected - Gold Buys

Worse than expected - Gold Sells

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