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Nationwide HPI -0.3% - Forex

2

Comments

  • Werent they spot on with the last Nationwide?

    No. They said -0.3, it was 0.1
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 25 October 2010 at 1:40PM
    I think some are missing the point of forex factory.

    It is saying what the market expects, if it is worse = bad for currency, better = good for currency.

    They are not saying I predict house prices to be X this month.

    They are saying where the neutral point is of market expectation is. (well thats how I look at it)

    So the market think a fall of 0.3% and if it was that it would have no affect on currency exchanges.
    So sort of what is priced in to the market.
  • Could be dangerous. They predicted +0.6 for Halifax, which was only 4% out.

    agreed.

    these forecasts are completely made up.

    they probably just do something simple like extrapolating the last few months' worth of data.

    the only thing i would take at all seriously is their prediction of the date the release will come out on [and they're quite often wrong with even that].
    FACT.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »
    I think some are missing the point of forex factory.

    I don't.

    Doesn't matter what it's made up of. Whoever, or whatever makes up the data, has been consistently pretty wide of the mark of late, in terms of house prices.

    The forex factory are not a group with their own predictions, and I think everyone realises that.
  • Could be dangerous. They predicted +0.6 for Halifax, which was only 4% out.
    My source is saying +2.3%. More signs of stability.
  • mdb99jh wrote: »
    Nationwide HPI due out thursday.

    ForexFactory have it -0.3%
    http://www.forexfactory.com/calendar.php
    Must be wrong, house prices can't fall, they only ever rise or SOAR.
  • DervProf
    DervProf Posts: 4,035 Forumite
    -0.3% seems familiar.........

    DervProf wrote: »
    Oh, go on then........

    -0.3%


    It appears I`m acquiring Hamish`s fortune telling skills.

    Spooky.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    Must be wrong, house prices can't fall, they only ever rise or SOAR.

    SOAR ?

    Nah, they SURGE !!!
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    My source is saying +2.3%. More signs of stability.


    You should stay off the sauce, mate.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • I've been on the sauce so I'm saying +2.3%. More signs of instability.

    Yeah Ghouls we know ;)
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