Trading Ideas - M4 Sterling Lending, Purchasing Manager Index Manufacturing - Sept 1st - Forex Forum

This is the week of interest rate decision and Nonfarm payrolls... The market expect a great volatility!
Today in our economic calendar we have some news in United Kingdom.

08:30 GMT: M4 Sterling Lending. This is sterling lending released by the Bank of England to the M4 private sector. The M4 private sector consists of all UK residents other than the public sector and MFIs (Monetary Financial Institutions). If the UK industry can afford large expenses, that can fuel economic growth. However, a high figure may also indicate that the UK economy is overheating. Generally, a high reading is positive for the GBP, whereas a low reading is negative.

08:30 GMT: Purchasing Manager Index Manufacturing. The Manufacturing Purchasing Managers Index (PMI) released by the Chartered Institute of Purchasing & Supply captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the Manufacturing PMI is an important indicator of business conditions and the overall economic condition in UK. A result above 50 signals is bullish for the GBP, whereas a result below 50 is seen as bearish.

I come back in 1 hour with the technical analysis... stay tuned.

Speculative buy on EUR/CAD, the price could touch the resistance @ 1.5720

Follow the trend on EUR/JPY, GBP/JPY