GBPUSD – what kind of volatility will see for the Services PMI?

July 4, 2011 Leave a comment

How have ranges looked when Actual Reported Services PMI Lower Than Consensus Forecasts?

·         The screenshot below shows pip ranges during the 3 hours after the Services PMI is released (9:30 AM local UK Time).

·         So far in 2011 there have been 4 instances when the reported figure was below consensus, and it looks like 2010 featured below-consensus readings during most of the months.

Image002

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