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GBP/JPY and GBP/USD Daily outlook


Tomorrow we have lots of fundamental news. I like to focus on JPY Trade Balance which is to be release at 7:50 am (GMT +8), Retail Sales (m/m ) which is to be release at 16:30 (GMT +8) and Philly Fed which is to be release at 22:00 (GMT +8).

From Japan, Trade Balance previous data is 0.14T and market is expect some good data which is 0.35T this month. Below is data for the last 3 month:

Trade Balance history

From UK we have some important news. Retail Sales previous data is -3.9% and the expected data this month is -0.3%. Below is data for the last 3 month:

Retail sales history

Us session, we have Philly Fed which is forcast to be better than previous. Previous data is -16.3 and forcast data is -14.5. Description of Philadelphia Fed Manufacturing Index :

Measures the general business conditions of manufacturers in the Philadelphia Federal Reserve district. The index is derived from a survey that asks respondents to rate the level of general business activity as 'decrease', 'increase', or 'no change'. A rising trend has a positive effect on the nation's currency because good manufacturing conditions are a sign of a strong economy. Although this survey is limited to manufacturers in Philadelphia only, traders pay close attention because the Philadelphia Federal Reserve releases it weeks before other major reports on manufacturing (e.g., Industrial Production, ISM Manufacturing Index).


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