Forecast and levels for GBP - page 22

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Sergey Golubev, 2020.08.03 18:26

GBP/USD Intra-Day Fundamentals: UK Manufacturing PMI and range price movement  

2020-08-03 09:30 GMT | [GBP - UK Manufacturing PMI]

  • past data is 53.6
  • forecast data is 53.6
  • actual data is 53.3 according to the latest press release

if actual < forecast (or previous value) = good for currency (for GBP in our case)

[GBP - UK Manufacturing PMI] = Change in the number of people claiming unemployment-related benefits during the previous month.

==========

From official report :

  • "The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) rose to a 16-month high of 53.3 in July, up from 50.1 in June and below the earlier flash estimate of 53.6. The headline PMI – calculated as a weighted-average of five sub-indices – has posted above the neutral 50.0 mark separating improvement from deterioration in each of the past two months."

==========

GBP/USD: range price movement by UK Manufacturing PMI news event 

GBP/USD: range price movement by UK Manufacturing PMI news event

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth
  3. ASCTREND SYSTEM summary (good EAs included)
  4. Brainwashing system/AscTrend system (MT5) - the thread

 

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Sergey Golubev, 2020.08.06 10:33

GBP/USD Intra-Day Fundamentals: Bank of England (BoE) Interest Rate Decision and range price movement 

2020-08-06 07:00 GMT | [GBP - Official Bank Rate]

  • past data is 0.10%
  • forecast data is 0.10%
  • actual data is 0.10% according to the latest press release

if actual > forecast (or previous good for currency (for GBP in our case)

[GBP - Official Bank Rate] = Interest rate at which the BOE lends to financial institutions overnight.

==========

From official report :

  • "The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. In that context, its challenge at present is to respond to the economic and financial impact of the Covid-19 pandemic. At its meeting ending on 4 August 2020, the MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to continue with its existing programmes of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, maintaining the target for the total stock of these purchases at £745 billion."

==========

GBP/USD: range price movement by BoE Interest Rate Decision news event 

GBP/USD: range price movement by BoE Interest Rate Decision news event

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4: 

  1. Brainwashing. Trades: manually and using EAs (MT4) 
  2. Brainwashing EAs - the thread (MT4) 
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread  
  4. Brainwashing: system development (MT4) - the thread

 

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Sergey Golubev, 2020.08.11 10:19

GBP/USD Intra-Day Fundamentals: UK Unemployment Change and range price movement  

2020-08-11 07:00 GMT | [GBP - Claimant Count Change]

  • past data is -68.5K
  • forecast data is 9.7K
  • actual data is 94.4K according to the latest press release

if actual < forecast (or previous value) = good for currency (for GBP in our case)

[GBP - Claimant Count Change] = Change in the number of people claiming unemployment-related benefits during the previous month.

==========

From official report :

  • "Between June 2020 and July 2020, the Claimant Count increased by 94,400 (3.6%) to 2.7 million (Figure 12). Since March 2020, the Claimant Count has increased by 116.8%, or 1.4 million."

==========

GBP/USD: range price movement by UK Unemployment Change news event 

BP/USD: range price movement by UK Unemployment Change news event

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After


 

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Sergey Golubev, 2020.08.19 11:16

GBP/USD Intra-Day Fundamentals: UK Consumer Price Index (CPI) and range price movement  

2020-08-19 07:00 GMT | [GBP - CPI]

  • past data is 0.6%
  • forecast data is 0.6%
  • actual data is 1.0% according to the latest press release

if actual > forecast (or previous value) = good for currency (for GBP in our case)

[GBP - CPI] = Change in the price of goods and services purchased by consumers.

==========

From official report :

    • "The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 1.1% in July 2020, up from 0.8% in June 2020."
    • "The Consumer Prices Index (CPI) 12-month rate was 1.0% in July 2020, up from 0.6% in June."

    ==========

    GBP/USD: range price movement by UK Consumer Price Index news event 

    GBP/USD: range price movement by UK Consumer Price Index news event

    ==========

    The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:


     
    Sergey Golubev:

    Incredible assessment indeed!
     

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    Press review

    Sergey Golubev, 2020.08.23 08:09

    GBP/USD - daily bullish ranging within 1.300/1.326 support/resistance levels (based on the article)

    GBP/USD daily Ichimoku chart by Metatrader 5

    • "A Bumpy Road Before an Eventual UK-UK Trade Agreement."
    • "Short-term Downside Risks for Euro Poses Concerns for GBP."
    • "Markets Await Chair Powell Jackson Hole Signal on Monetary Policy Review."

    ============

    The chart was made on daily timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


     

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    Press review

    Sergey Golubev, 2020.09.01 13:10

    GBP/USD Intra-Day Fundamentals: UK Manufacturing PMI and range price movement  

    2020-09-01 09:30 GMT | [GBP - UK Manufacturing PMI]

    • past data is 55.3
    • forecast data is 55.3
    • actual data is 55.2 according to the latest press release

    if actual > forecast (or previous value) = good for currency (for GBP in our case)

    [GBP - UK Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

    ==========

    From official report :

    • "August saw UK manufacturing output expand at the fastestrate for over six years, as companies and their clients restarted operations following coronavirus disease 2019 (COVID-19) lockdowns. New order intakes also strengthened, whereas the trend in employment remained weak with job losses recorded for the seventh straight month." 
    • "The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) rose to a 30-month high of 55.2 in August, up from 53.3 in July but a tick below the earlier flash estimate of 55.3. The PMI has posted above its neutral 50.0 mark for three consecutive months."

    ==========

    GBP/USD: range price movement by UK Manufacturing PMI news event 

    GBP/USD chart by Metatrader 5

    ==========

    Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

    ==========

    Same systems for MT4/MT5:

    The beginning

    1. ASCTrend system, the beginning, part #1
    2. ASCTrend system, the beginning, part #2
    3. ASCTrend system, the beginning, part #3
    4. ASCTrend system, the beginning, part #4 
    5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
    6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

    After


     

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    Press review

    Sergey Golubev, 2020.09.10 15:01

    Intra-Day Fundamentals - GBP/USD, USD/JPY and USD/CNH: United States Producer Price Index

    2020-09-10 13:30 GMT | [USD - PPI]

    • past data is 0.6%
    • forecast data is 0.2%
    • actual data is 0.3% according to the latest press release

    if actual > forecast (or previous good for currency (for USD in our case)

    [USD - PPI] = Change in the price of finished goods and services sold by producers.

    ==========

    From official report :

    • "The Producer Price Index for final demand increased 0.3 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.6 percent in July and fell 0.2 percent in June. (See table A). On an unadjusted basis, the final demand index declined 0.2 percent for the 12 months ended in August."

    ==========

    GBP/USD M5: range price movement by United States Producer Price Index news events

    GBP/USD M5: range price movement by United States Producer Price Index news events

    ==========

    USD/JPY M5: range price movement by United States Producer Price Index news events

    USD/JPY M5: range price movement by United States Producer Price Index news events

    ============

    USD/CNH M5: range price movement by United States Producer Price Index news events

    USD/CNH M5: range price movement by United States Producer Price Index news events

    ==========

    Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

    ==========

    Same systems for MT4/MT5:

    The beginning

    1. ASCTrend system, the beginning, part #1
    2. ASCTrend system, the beginning, part #2
    3. ASCTrend system, the beginning, part #3
    4. ASCTrend system, the beginning, part #4 
    5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
    6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

    After


     

    Forum on trading, automated trading systems and testing trading strategies

    Press review

    Sergey Golubev, 2020.09.17 13:41

    GBP/USD Intra-Day Fundamentals: Bank of England (BoE) Interest Rate Decision and range price movement 

    2020-09-17 12:00 GMT | [GBP - Official Bank Rate]

    • past data is 0.10%
    • forecast data is 0.10%
    • actual data is 0.10% according to the latest press release

    if actual > forecast (or previous good for currency (for GBP in our case)

    [GBP - Official Bank Rate] = Interest rate at which the BOE lends to financial institutions overnight.

    ==========

    From official report :

    • "The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. In that context, its challenge at present is to respond to the economic and financial impact of the Covid-19 pandemic. At its meeting ending on 16 September 2020, the MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to continue with its existing programmes of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, maintaining the target for the total stock of these purchases at £745 billion."

    ==========

    GBP/USD: range price movement by BoE Interest Rate Decision news event 

    GBP/USD: range price movement by BoE Interest Rate Decision news event

    ==========

    The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:


     

    Forum on trading, automated trading systems and testing trading strategies

    Press review

    Sergey Golubev, 2020.10.23 10:15

    GBP/USD Intra-Day Fundamentals: Great Britain Retail Sales and range price movement 

    2020-10-23 07:00 GMT | [GBP - Retail Sales]

    • past data is 0.9%
    • forecast data is 0.0%
    • actual data is 1.5% according to the latest press release

    if actual > forecast (or previous good for currency (for GBP in our case)

    [GBP - Retail Sales] = Change in the total value of inflation-adjusted sales at the retail level.

    ==========

    From official report :

    • "In September 2020 retail sales volumes increased by 1.5% when compared with August; this is the fifth consecutive month of growth, resulting in an increase of 5.5% when compared with February's pre-pandemic level."

    ==========

    GBP/USD M5: range price movement by Great Britain  Retail Sales news event 

    GBP/USD M5: range price movement by Great Britain Retail Sales news event

    ==========

    The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:


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