Post Tagged with: "Construction PMI"
British Economy Doing Better Than Expected, But Pound Printing Still Coming
Purchasing managers’ indices in the UK were generally better than expected and pointed to growth in January. The chances of an official recession are now lower. Nevertheless, even if Britain escapes another quarter of contraction, the QE train seems unstoppable. The numbers The most important sector is services, which was the last to be released.
GBP/USD Outlook January 30 – February 3
The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will
Forex Daily Outlook January 4 2012
Factory Orders in the US and Construction PMI in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Factory Orders, production leading indicator to value the new manufacturers’ orders over the past month, rise is expected from -0.4% up to 1.9% More in the US,
GBP/USD: Trading the British Construction PMI
The British Construction PMI Index, published in the first week of each month, is based on a survey of purchasing managers in the construction industry. Respondents are surveyed for their view of business conditions and sentiment on the economy. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator
GBP/USD Outlook January 2-6
GBP/USD surpised the markets with some unexpected movement during the holiday week. The pair broke the 1.57 resistance line (discussed last week), then dipped sharply to 1.5361, before recovering to close the week at 1.5527. There are five releases in the upcoming week, as the markets are back in action. Here is an outlook for the upcoming events, and an updated
Forex Daily Outlook December 2 2011
We summarize this week Non-Farm Employment Change in the US and Construction PMI in the UK are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Unemployment Rate, monthly percentage indictor to value the jobless that are looking for jobs on the past month, about to remain
GBP/USD Outlook Nov. 28 – Dec. 2
The British pound couldn’t escape the European debt crisis, and the discussion about more QE in Britain. The upcoming week consists of two important PMIs among other figures. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. British bonds did enjoy the failed German bond auction, but this wasn’t enough to
Forex Daily Outlook – November 2 2011
Today we have key events: FOMC Statement in the US and Construction PMI in the UK as the main highlights on today’s outlook. Let’s see what awaits us today. In the US, FOMC Statement, the key tool that is used by the FOMC regarding monetary policy with investors, and regarding financial conditions for other policy
GBP/USD Outlook – Oct. 31 – Nov. 4
The British pound shared the fate of the euro, and enjoyed a very strong ride. The upcoming week is very busy, with the first release of Q3 GDP being the highlight. Here’s an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The pound also enjoyed a relatively small current account deficit. This provided
GBP/USD Extends Losses on Weak Construction PMI
Britain’s construction sector almost came to a halt in September. Construction PMI disappointed and fell to 50.1 points, lower than 51.7 that was expected and lower than last month’s 52.6 points. GBP/USD, that was already dropping prior to the release, now extends its falls and nears the 9 month lows reached a few weeks ago.