Post Tagged with: "Adam Posen"
GBP/USD Outlook for May 16-20
The pound’s hopes were short lived in a very choppy week. The upcoming one promises to be very busy, with employment, inflation and the meeting minutes being the highlights. Here’s an outlook for the 9 events that will rock the pound, and an updated technical analysis for GBP/USD. GBP/USD managed to break higher on a
No New Votes for a Rate Hike – Pound Falls
The latest meeting minutes of the MPC have shown that no new members voted for raising the interest rate. GBP/USD lost the gains it made beforehand and is now at support. Update on this volatile pair. The MPC meeting minutes have shown the same result as last time – 6:3. Six members, including BOE governor
Forex Daily Outlook – January 19 2011
US Building Permits, BOC Monetary Policy Report and British Claimant Count Change are the highlight of today’s events. Here is an outlook on the major market movers ahead. In the US, Building Permits a reliable gauge of future construction activity dropped by 20,000 to 530,000 while analysts expected 570,000. A rise to 560,000 is expected
Forex Daily Outlook – December 16 2010
Building Permits, Unemployment Claims and Philly Fed Manufacturing Index in the US, are only a few of the interesting events that awaits us toddy. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week is about to rise by 1K. Consumer spending is highly correlated with
GBP/USD Outlook – December 13-17
The British pound traded in a narrow range in the past week, but the upcoming week could see it break out, as the calendar is packed. Highlights are inflation and employment numbers. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. Yet again, no statement was released with the rate
Forex Daily Outlook – November 23 2010
Very busy day ahead of us, with existing news, FOMC Meeting Minutes, Existing Home Sales in the US, and much more .Let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC) Meeting Minutes, that is scheduled 8 times per year. A detailed record of the FOMC’s most recent meeting, providing in-depth
GBP/USD Outlook – November 22-26
Public appearances by many senior officials and the second release of GDP are the highlights of British events this week. Here’s an outlook for British events and an updated technical analysis for GBP/USD, now in lower ground. GBP/USD chart with support and resistance lines on it. Click to enlarge: The pound enjoyed higher inflation and
Forex Daily Outlook – November 18 2010
Philly Fed Manufacturing Index in the US, MPC Member Posen Speaks and much more on today’s outlook. Let’s see what awaits us today. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week is about to rise by 9K, important signal of overall economic health because
Forex Daily Outlook – October 26 2010
American CB Consumer Confidence, US S&P/CS Composite-20 HPI and British Preliminary GDP are the major events today. Here is an outlook on the most influential activities awaiting us in the next 24 hours. In the US, American CB Consumer Confidence fell to a reading of 48.5 in September from 53.2 in August due to less favorable business
Forex Daily Outlook – October 21 2010
A busy day filed with exciting news. Unemployment Claims in the US, Flash Manufacturing & Services PMI in Europe, Inflation Report Hearings in UB are just some of the events. Let’s see what awaits us today. In the US, Unemployment Claims, the individuals who filed for unemployment insurance for the first time during the past