August 13 2008.

At 9:30am GBP CPI y/y came out at 4.4% and GBPUSD moved for a buy for over 40pips in the first minute with a very sharp retracement immediately.

The USD Trade Balance did not do quite well with an outcome of -56.8B.

Let us now have an outlook of what to expect on Wednesday.

Time: 9:30am. Event: GBP Claimant Change Counts.

Previous: 15.5k. Forecast: 17.5k.

Recommendations: I will trade this with 5K deviation. Buy GBPUSD if it is 12.5k or lower for 30 pips or more.

Sell GBPUSD if it comes out at 22.5k or higher for 30 pips.

Time: 1:30pm. Event: USD Core Retail Sales m/m.

Previous: 0.8%. Forecast: 0.5%.

Recommendations: Barring any contrast with the Retail Sales m/m buy USDJPY if actual is 0.7% or higher for 30 pips or more.

Sell USDJPY if it is 0.3% or lower. Pre release price might play a big role in the price action.

That will be all for Wednesday August 13 2008.

This is to your success!