Post Tagged with: "Adam Posen"
GBP/USD Breaks Higher After Rate Decision
The Bank of England didn’t go to the printing presses. The Pound that lagged behind reacted with a jump, finally moving above 1.60, but is still vulnerable. No statement was issued. Update
Pound Lags Behind
The British Pound stayed behind in the race to beat the greenback.New QE programs loom over the currency. GBP/USD is still in old ranges and some Pound crosses are in areas not seen in quite some time. GBP/USD reached a peak of 1.5998 at the beginning of August. Since then, it dropped and then recovered. While
Forex Daily Outlook – September 28 2010
U.S. CB Consumer Confidence, Britain Final GDP and Trade Balance and Tankan Manufacturing Index in Japan are the main events on our calendar today. Here is an outlook on the market moving activities ahead. In the US, CB Consumer Confidence released monthly scored 53.5 points last month This 5,000 people survey is now expected a
GBP/USD Outlook – September 27 October 1
Final GDP, manufacturing PMI and lots of speeches are part of a busy week for cable traders. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD daily graph with support and resistance lines marked. Click to enlarge: The British Pound enjoyed the greenback’s weakness and advanced higher, although it
Forex Daily Outlook – September 16 2010
U.S. Unemployment Claims, U.S. Producer Price Index and U.S. TIC Long-Term Purchases make the headlines today. Here is an outlook on market moving events before the close of another trading week. In the US, Unemployment Claims dropped sharply last week to 451K. A rise to 463K is expected. Only a drop under 430K will be
Forex Daily Outlook – June 14 2010
We start the week with a speech by James Bullard, New Motor Vehicle Sales, Retail Sales in New Zealand and more; let’s see what awaits us this today.. In the US, Federal Reserve Bank of St Louis President James Bullard, delivers a speech titled “The Global Recovery and Monetary Policy” at the Institute of Regulation
GBP/USD Outlook – June 14-18
A very busy week expects cable traders: inflation, employment and retail sales are the highlights. Here’s an outlook for the major events in Britain and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines on it. Click to enlarge: The bigger deficit in the trade balance was one of the weights
Forex Daily Outlook – May 24 2010
In the US a rise in the Existing Home Sales, and Sandra Pianalts (US) and Speaks at the Ohio Northern University, in Great Britain Adam Posen speeches are affecting the nation’s key interest rates. Let’s see the other interesting news up for today In the US, Existing Home Sales, date about home resales that released
GBP/USD Outlook – May 24-28
A revised version on the GDP and 5 other events will shake the Pound, now at lower ground. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: While the political uncertainty didn’t stay too long, the Pound’s situation is
Forex Daily Outlook – February 24th 2010
Ben Bernanke’s testimony will be the centerpiece of today’s events, including releases from many countries. Let’s see what’s awaiting us. For those of you who haven’t noticed, I have a spot on Forex TV, where I talk about the markets. In these interviews I speak about currencies that I cover in the weekly outlooks, and