Wednesday, 30 March 2011

Can we Predict the Future like Nostradamus!! GBPUSD Hourly Charts



Index of Services
 Actual  -0.50%  
Forecast  -0.90%  
Previous  -0.60%  &
CBI Distributive Trades Survey
 Actual  15.00  
Forecast  -1.00  
Previous  6.00  
What next then


The US
The ADP National Employment Report
Actual
forecast 210.00k
Previous 217.00k


The ADP National Employment Report is a measure of the monthly change of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 400,000 U.S. business clients. This release, 2 days before the government-released employment data , is a good predictive to the government's non-farm payrolls data. The change in this indicator can be very volatile.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.





Then the GBP
The Gfk Consumer Confidence

The Gfk Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict the consumer spending, which is a major part in the total economic activity. Higher readings point to higher consumer optimism.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected read should be taken as negative/bearish for the GBP.
Actual-
Forecast210.00K
Previous217.00K


No comments:

Post a Comment