Forex Crunch » contraction

USD/CAD: Trading the Canadian GDP Release

Yohay — Thu, 28 Apr 2011 15:00:11 +0000

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

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EUR/USD Falls on Stagnant Europe

Yohay — Fri, 12 Feb 2010 10:34:13 +0000

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 fell short of early expectations for 0.2% growth. There’s a chance that in the final release this figure will be revised to the downside. Fears for a new recession in Europe’s largest country and the economic driver are very bad for the Euro.

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Pound to climb up the mound?

Yohay — Tue, 08 Dec 2009 21:53:49 +0000

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.

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EUR/USD hesitates on slow growth in Europe

Yohay — Fri, 13 Nov 2009 10:11:59 +0000

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 7:00 GMT. After the surprising growth figures in the second quarter, Germany’s economy expanded at a faster pace, 0.7%.

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Forex Daily Outlook – October 29th 2009

Yohay — Thu, 29 Oct 2009 07:02:54 +0000

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 0.8995, sitting above the 0.8950 support line. For more on the Australian dollar, read the AUD/USD Forecast.

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British Pound Outlook – October 19-23 2009

Yohay — Sat, 17 Oct 2009 22:41:48 +0000

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 of the upcoming week for the British Pound, and an updated technical analysis for GBP/USD.

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Forex Trading and GDP Differences

Yohay — Fri, 28 Aug 2009 10:01:03 +0000

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 already seen in currencies.

Gross Domestic Product in the UK has been revised upwards for the second quarter of 2009. The original release showed a contraction of 0.8% while the updated release showed a fall of 0.7%. Though the difference isn’t big, GDP is one of the most important releases, so this pushed the GBP/USD upwards.

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Early Recovery in Europe?

Yohay — Thu, 13 Aug 2009 09:10:20 +0000

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 in France. Instead of publishing the figures 45 minutes after the German release, some Frenchman was very excited, and the word reached the world 8 minutes before the French release. There was a good reason to celebrate – French Prelim GDP grew by 0.3%, and didn’t contract by the same rate. This could be very partially explained by the downward revision of the first quarter – a drop of 1.3% instead of 1.2%.

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Will Australia go Down Under? Aussie Outlook

Yohay — Sun, 31 May 2009 19:07:42 +0000

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 Western world. With GDP declining only once, a very high interest rate and robust trade with China, Australia doesn’t suffer too much from the global recession.

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Forex Daily Outlook – May 29th 2009

Yohay — Thu, 28 May 2009 21:00:28 +0000

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%.

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