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USD + GBP News This Week October 23rd - October 27th

tradermiki

Updated: Oct 24, 2023

Tuesday 24th October

GBP Claimant Count Change/Unemployment Rate @ 7.00am

Forecast: 2.3K/4.3%


12th September GBP Jobs

Tuesday 12th September

Forecast: 17.1K/4.3%

Actual: 0.9K/3.4% (better than expected)


GBPJPY

GBPJPY pushed bullish on the news then reversed





Scenarios

Actual/Better than expected(lower) - GBPJPY Buys

Worse than expected(higher) - GBPJPY Sells


 


GBP Flash Manufacturing/Services PMI @ 9.30am

Forecast: 44.7/49.4


22nd September Flash PMI

Friday 22nd September

Forecast: 43.3/49.3

Actual: 44.2/47.2


GBPJPY

News was mixed and GJ closed with a doji indecision candle





Scenarios

Actual/Better than expected(higher) - GBPJPY Buys

Worse than expected(lower) - GBPJPY Sells


 

USD Flash Manufacturing/Services PMI @ 2.45pm

Forecast: 49.5/49.9


22nd September USD Flash PMIs

Friday 22nd September

Forecast: 48.2/50.7

Actual: 48.9/50.2


XAUUSD

Mixed data and Gold closed with a bearish doji candle after whipsawing






Scenarios

Actual/Better than expected(higher) - Gold Sells

Worse than expected(lower) - Gold Buys


 

Thursday 26th October

USD Advanced GDP @ 13.30pm

Forecast: 4.3%


27th July USD Advanced GDP

Thursday 27th July

Forecast: 1.8%

Actual: 2.4% (Better than expected)


XAUUSD

Gold dropped bearish on the news and made a low for the day before ranging



Scenarios

Actual/Better than expected(higher) - Gold Sells

Worse than expected(lower) - Gold Buys


 

Friday 27th October

USD Core PCE Price Index m/m @ 1.30pm

Forecast: 0.2%


29th September USD Core PCE Price Index

Friday 29th September

Forecast: 0.2%

Actual: 0.1%

(worse than expected)


XAUUSD

Gold dropped bearish on the news before retracing and closing doji




Scenarios

Actual/Better than expected(higher) - Gold Sells

Worse than expected(lower) - Gold Buys


 

USD Prelim UoM Consumer Sentiment @ 3.00pm

Forecast: 67.7


29th September USD Prelim UoM Consumer Sentiment

Friday 29th September

Forecast: 67.7

Actual: 68.1


XAUUSD

Gold pushed up bullish and retested the highs





Scenarios

Actual/Better than expected(higher) - Gold Sells

Worse than expected(lower) - Gold Buys

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