{"id":48302,"date":"2014-03-10T12:25:59","date_gmt":"2014-03-10T16:25:59","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=48302"},"modified":"2014-03-10T12:25:59","modified_gmt":"2014-03-10T16:25:59","slug":"trading-gbp-using-economic-calendar-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/10\/trading-gbp-using-economic-calendar-data\/","title":{"rendered":"Trading the GBP Using Economic calendar Data"},"content":{"rendered":"<p>UK manufacturing production (MoM) (YoY) and UK industrial production (MoM) (YoY) are set for release on Tuesday, March 11.\u00a0\u00a0The figures are forecast at 3.0% (YoY)\/0.2% (MoM) and 3.3% (YoY) \/ 0.3% (MoM) respectively.\u00a0A better than expected release across the board will drive the GBP\/USD towards 2009 highs and hint at a continuation of the longer term uptrend.\u00a0A worse than expected release will reinforce 2009 highs as resistance, and indicate a potential reversal. If the data is bullish, expect the GBP support of 1.670 to hold and GBP\/USD should rise to 1.6800. If the data is entirely bearish, expect a break below the long term resistance and channel support of 1.670. Then there will likely be a decline towards the 2000-period MVA.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"gbp-usd mva\" src=\"http:\/\/www.economiccalendar.com\/wp-content\/uploads\/2014\/03\/gbp-usd-chart.jpg\" width=\"593\" height=\"280\" \/><\/p>\n<p>By Daniel Elo, Analyst at <a title=\"http:\/\/www.economiccalendar.com\/\" href=\"http:\/\/www.economiccalendar.com\/\">www.EconomicCalendar.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK manufacturing production (MoM) (YoY) and UK industrial production (MoM) (YoY) are set for release on Tuesday, March 11.\u00a0\u00a0The figures are forecast at 3.0% (YoY)\/0.2% (MoM) and 3.3% (YoY) \/ 0.3% (MoM) respectively.\u00a0A better than expected release across the board will drive the GBP\/USD towards 2009 highs and hint at a continuation of the longer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/10\/trading-gbp-using-economic-calendar-data\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trading the GBP Using Economic calendar Data&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-48302","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=48302"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=48302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=48302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=48302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}