Forex GBP USD News: February 2010

Forex GBP USD News: February, 1 2010.
at 2:30am GBP Manufacturing PMI Forecast 54.2 Previous 54.1
Measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;
Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, on the first business day after the month ends;
Next Release Mar 1, 2010
FF Notes Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar – early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available via subscription;
Why Traders
Care It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy;
Derived Via Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Acro Expand Purchasing Managers’ Index (PMI);

2:30am GBP Net Lending to Individuals m/m 1.2B 1.1B

2:30am GBP Mortgage Approvals 62K 61K

6:30am USD Core PCE Price Index m/m 0.1% 0.0%

6:30am USD Personal Spending m/m 0.3% 0.5%

6:30am USD Personal Income m/m 0.4% 0.4%

8:00am USD ISM Manufacturing PMI 55.7 54.9

8:00am USD Treasury Sec Geithner Speaks

8:00am USD Construction Spending m/m -0.3% -0.6%.
That was forecast Forex news GBP USD News: February, 1 2010.