Post Tagged with: "British Pound"
British Pound Continues North
Friday’s Nationwide HPI supplied more fuel for the Pound, which is now aiming for 1.62. All in all, it was a succesful week for the British Pound, which sees major resistance at 1.67. A roundup of this last week of May. British Indicators Earlier this week, indicators were negative, but the Pound didn’t always react
Forex Daily Outlook – May 29th 2009
This week’s strong moves come to a peak today, with American Prelim GDP. There are lots of other figures out there. Let’s see what’s up: Australian Private Sector Credit starts the day with an expected rise of 0.2%. In Europe, German Retail Sales are predicted to rise by 0.5%, after falling by 0.4% last time. Another important
Forex Daily Outlook – May 28th 2009
Take a deep breath. There are lots of figures today all over the globe. CBI Realized Sales in Britain, American Durable Goods Orders and New Home Sales stand out. And just before the day ends, there are lots of important figures in Japan. Ready? Let’s dive… Global Events North Korea continues to play dangerous games with the
Forex Daily Outlook – May 27th 2009
American Existing Home Sales stand out in today’s economic calendar. Trading will still be affected by the scary moves by North Korea, as well as other indicators. Let’s see what’s up. North Korea made a nuclear test and also sent two short range missiles. Who knows what else Kim is planning. The great fears cause risk aversion
Risk Appetite Rules
The first significant figure was released – and it was too good to be true. CB Consumer Confidence was excellent – but the dollar lost it’s early gains. After the North Korean risk aversion reaction – risk appetite is back in the game. Consumer Confidence, supplied by the Conference Board, was much better than expected.
Pound Rollercoaster Roundup
This was one hell of a week for the British Pound. Different forces moved it up and down. Here’s a summary of this week’s events. What can we learn for next week? The British Pound got some expected and unexpected news this week. I’ve covered the event in my post Will Retail Sales and GDP Send