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British Pound Outlook – July 20-24 2009

British Pound Outlook – July 20-24 2009

GBP/USD closed the week at 1.6330, a “good place in the middle”. It can go in any direction. The Pound faces a week full of events, with the GDP being the last and most important of them all. Here’s an outlook of the week’s major British indicators, as well as a technical analysis of GBP/USD.

Forex Weekly Outlook – July 20-24 2009

The upcoming week in forex trading has many important figures: Canadian rate decision, American Existing Home Sales and British GDP are the highlights, together with Ben Bernanke’s testament. Will the currencies break out of the ranges they cling to? Let’s see what can move them this week

Forex Daily Outlook – June 18th 2009

Another busy day in a busy week: A new Libor Rate in Switzerland, Retail Sales in Britain, Canadian CPI and American Unemployment Claims are the highlights of today. And there’s more… Swiss Libor Rate is due at 7:30 GMT, and is expected to remain unchanged. The limelight will be on the SNB Monetary Policy Assessment which

Forex Daily Outlook – May 20th 2009

Wednesday features a nice bunch of releases: British Meeting Minutes, Canadian CPI and the FOMC’s Meeting Minutes will dominate today’s trading. And there’s more… In Australia, Westpac Consumer Sentiment is a good indicator for the economy. It went up by 8.3% last time. Will it continue rising? Also in Australia, Wage Price Index is expected

Forex Weekly Outlook – May 18-22 2009

It’s an interesting week ahead in forex: GDP figures in Britain and Japan, CPI in Britain and Canada and American Building Permits in the US are the highlights this week. Let’s see what other major indicators are due this week. Sunday, May 17th: Yup, important indicators start early, with the PPI Input  in New Zealand.

Forex Daily Outlook – April 23rd 2009

Lots of economic indicators on a crowded Thursday: European PMI figures, Canadian Retail Sales, American Unemployment Claims and Existing Home Sales are the stars of today. And there’s more: BOJ Governonr Shirakawa will speak early in the morning, and will give some insights on the suffering Japanese economy. Lot’s of European PMI At 7:00 GMT, the French will

Not The Pound’s Darling

Alistair Darling is not the Pound’s friend. In his budget release, he pounded the Pound like no economic indicator did. Here’s a roundup of the Big Day in Britain: At 8:30 GMT, 6 economic indicators were released:   Claimant Count Change, was better than expected, at 73K instead of 118K. This should have lifted the Pound,

Forex Daily Outlook – March 19th 2009

The Federal Reserve provided all the price action in the world with yesterday’s big announcement, and sent the dollar down, after the beatings it took earlier this week.. Today, the market might still feel aftershocks from yesterday, and might feel something from today’s economic calendar, with the US Unemployment Claims at the center. Here’s what’s

Forex Daily Outlook – February 18th 2009

Today features lots of US data, with the Building Permits in the center of attention. Also the Meeting Minutes from both Britain and the US will be carefully read by forex traders. Let’s see what’s on the menu today. In Australia, Quarterly Retail Sales rose by only 0.8%, lower than expectations. Despite this, AUD/USD is back

Forex Weekly Outlook – February 16-20 2009

This week has a strong start, with Japan’s GDP, just as the market opens. A rate decision in Japan will follow during the week. Later, CPI will be released on Tuesday in Britain, and on Friday in Canada and in the US. German ZEW Economic Sentiment, Anerican Building Permits and TIC Long-Term Purchases are notable. Let’s dive in…