Post Tagged with: "Construction PMI"
Forex Daily Outlook – October 4 2011
Ben Bernanke’ and Jean-Claude Trichet’ speeches are the highlight of today’s events. Here is an outlook on the market-movers awaiting us. In the US, Ben Bernanke testifies at the Joint Economic Committee, in Washington DC. His words have a major impact on the market. Later in the US, Sarah Bloom Raskin FOMC member is scheduled
GBP/USD Outlook – October 3-7
The British pound managed to correct its falls very nicely. The upcoming week will be much more challenging: the fourth quarter begins with many key indicators, and a rate decision that will be closely watched. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. Britain managed to distance itself from the worsening debt
Forex Daily Outlook – September 2 2011
Unemployment Rate 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, value by Percentage the all seeking employment work force, 9.1% is forecasted with not change from the last month. Later in the US, Non-Farm
GBP/USD Outlook – Aug. 29 – Sep. 2
The British pound reversed its gains and closed lower. Is this the beginning of a long term move? The upcoming week consists of important PMI figures, among other data. Here is an outlook for this week’s events, and an updated technical analysis for GBP/USD. The “safe haven” status that the pound managed to gain is
Forex Daily Outlook – August 2 2011
Personal Spending in the US and Halifax HPI in the UK are the main events lined up. Let’s see what awaits us today. In the US, Personal Spending, monthly measurement for the total Spending value, is about to rise to 0.2%. Meanwhile on the Personal Income no change from 0.3% is forecasted. Later in the
GBP/USD Outlook – August 1-5
A very busy week awaits cable traders. Every day provides a major economic indicator to rock the pound. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. The British economy continued growing in Q2, by 0.2%. This slow growth rate was cheered by the pound, due to fears that
UK Construction PMI Drops As Expected – GBP/USD Holds On
The British construction sector didn’t disappoint for a second month in a row. Construction PMI came out exactly as expected: 53.6 points, a slide from last month’s 54 points. GBP/USD is stable above the line it broke earlier. GBP/USD now trades at 1.6120, slightly down from before the release, but above the 1.6110 line. The
Forex Daily Outlook – July 4 2011
We start the week with Construction PMI in the UK and RMPI in Canada as the main highlight on today’s outlook. Let’s see what awaits us today. In Canada, Raw Materials Price Index (RMPI) monthly measurement to value the price change of raw supplies acquired by manufacturers, after a rise to 6.8% on the last
GBP/USD Outlook – July 4-8
The British pound found a lower bottom this week, but managed to bounce from there. A very busy week consists of key economic figures as well as the rate decision. Will it break lower? Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. In the inflation hearings, Mervyn King and
GBP/USD Recovers in Range as Construction PMI Doesn’t Disappoint
The construction sector in the UK continues to grow, and at a slightly higher pace than last month. Manufacturing PMI scored 54 points, a bit better than 53.7 that was expected and above 53.3 seen last month. GBP/USD bounces off support and rises cautiously within range. GBP/USD is currently at 1.6340, up from 1.6320 before