Pound Gets Bad News – Loses Support

With disappointing employment figures and a lower growth forecast, GBP/USD loses another support line. Risk aversive trading adds to the move. Update on the Pound. Claimant Count Change, the first and most important employment figure in Britain showed a drop of only 3800 unemployed people in July, much less than 17,00 that was expected. This [...]

Forex Daily Outlook – August 11 2010

U.S. and Canada’s Trade Balance followed by British Jobless Claims are the major activities today. Here is an outlook on the market moving events. In the US, American Trade Balance deficit is expected to decrease from 42.3B to 42.0B following the worse than expected deficit increase in May.

Forex Weekly Outlook – August 9-13

The big event this week is the American rate decision, holding expectations for new easing steps – expectations that already hurt the greenback. Apart from this event, we have employment figures in Britain and Australia, European GDP and lots more. Here’s an outlook for the major market moving events in the upcoming week. Note that [...]

GBP/USD Outlook – August 9-13

Employment data and King’s report about inflation are the limelight of this week’s events. Here’s an outlook for the events that will rock the Pound, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: The British Pound made another nice week of rises. Will this continue? [...]

Forex Daily Outlook – May 12 2010

US expects another negative trade balance while decreased federal budget deficit raises optimism in the market; Federal Reserve Bank of St Louis President James Bullard speaks, in Nashville and good news for Canada’s economy with a positive Trade Balance and Housing Price Index. A busy day full of events awaits us today. In the US, [...]

Forex Weekly Outlook – May 10-14

After the Non-Farm Payrolls, another busy week expects forex traders. A British rate decision, European GDP figures, and American consumer sentiment and retail sales are among the major events this week. Let’s see what’s expecting us. Echoes from the British general election will continue to accompany us, but the important British indicators will slowly take [...]

GBP/USD Outlook – May 10-14

After the Pound was pounded by the British elections, a busy week expects traders: a rate decision, employment and inflation figures are among the events this week. Here’s an outlook for the events this week and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: Apart from [...]

Forex Daily Outlook – February 10th 2010

We finally have a busy day today, with many important indicators, especially in Britain. GBP/USD and the Pound crosses will rock today. Let’s see what’s up for today: The upcoming resolution of the Greek crisis sure is helping the Euro by breaking technical levels. EUR/USD is above 1.3750.

Forex Weekly Outlook – February 8-12

After one of the wildest weeks that we’ve seen in quite a while, the upcoming week seems more quiet, at least at the beginning. The echoes of the Non-Farm Payrolls will be heard during this time. Later on, some major market moving events are due. Here’s the outlook for the second week of February. Finance [...]

GBP/USD Outlook – February 8-12

The Pound sure was a victim of the dollar’s storm, especially after the Non-Farm Payrolls. It’s at a nine-month low. The upcoming week consists of an important report by the BOE among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked [...]

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