Post Tagged with: "contraction"
USD/CAD: Trading the Canadian GDP Release
Canada’s is unique by providing GDP on a monthly basis, providing action for USD/CAD each time. This release is expected to cut the winning streak. Here’s an outlook for this event 5 possible outcomes for USD/CAD. Indicator Background While the releases are scheduled two months after the reported month ended, they still provide a good
EUR/USD Falls on Stagnant Europe
EUR/USD breaks to a new 9 month low after GDP is very worrying. An no – the Greek crisis is far from over. Next stop – 1.3420. European GDP figures were very disappointing. Germany’s economy didn’t grow in Q4. This followed weak growth in Q3. According to the initial release, the German economy stalled. This
Pound to climb up the mound?
Some good news for the Pound today – growth has returned to the UK according to the unofficial NIESR GDP estimate. This news was unnoticed. Looking at the near past, this institute was very accurate. Here is how you can use this info in the future
EUR/USD hesitates on slow growth in Europe
The Euro zone is out of recession, with another quarter of growth in the large countries and a first quarter of growth for the whole continent. Although these results were expected, EUR/USD reacted positively to this growth. Germany, the continent’s largest country, was the first to release Gross Domestic Product for the third quarter, at
Forex Daily Outlook – October 29th 2009
The dollar continues to sweep the markets. Today’s calendar is quite busy, with American GDP standing out. Did the US get out of recession? Or will we see a disappointment like in Britain? Let’s review the main events for today: Australian HIA New Home Sales fell by 4.5%, which was rather disappointing. The Aussie is now trading at
British Pound Outlook – October 19-23 2009
Looking for the latest outlook, for the current week? Check out the section: GBP/USD Forecast The British Pound made a huge comeback this week, rising from a very low position back up. GDP, Retail Sales, the MPC’s meeting minutes and 5 other events will set the course of the Pound this week. Here’s a review
Forex Trading and GDP Differences
Britain’s GDP for the second quarter was revised upwards today. Revised GDP exceeded the initial publications in many countries. If the second quarter is better, will we see strong growth in the third quarter? A look at recent releases and their impact on forex trading. Not all countries are recovering equally, and these differences are
Early Recovery in Europe?
Europe has suffered deeply from the recession, and didn’t seem to be getting out of it soon. Today’s surprising GDP figures showed that the old continent’s largest economies have shown growth in the second quarter. EUR/USD made an initial small rise, but these surprising figures are very important for the markets. Prelim GDP was leaked
Will Australia go Down Under? Aussie Outlook
Australia has avoided recession up to now. This week’s GDP could prove otherwise. In addition, a new interest rate and 3 more major events await the Australian dollar: Retail Sales, Building Approvals and Trade Balance. After AUD/USD reached 0.80, here are the things to look for this week. Australia arguably has the strongest economy in the
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