Post Tagged with: "contraction"
Forex Daily Outlook – May 28th 2009
Take a deep breath. There are lots of figures today all over the globe. CBI Realized Sales in Britain, American Durable Goods Orders and New Home Sales stand out. And just before the day ends, there are lots of important figures in Japan. Ready? Let’s dive… Global Events North Korea continues to play dangerous games with the
Pound at Higher Ground – The Road North is Open
The British Pound made a push forward in it’s journey upwards, getting close to 1.61. As aforementioned, serious resistance appears only at 1.67, so the road north is open. Review and Outlook… Last week, the British Pound broke strong resistance levels and closed above 1.59. This week’s scary news from North Korea ignited risk aversion.
North Korean Bomb Helps the Dollar?
North Korea performed a second scary nuclear test. This move scares the Western world. Did this ignite risk aversion? In Memorial Day’s thin trading, the dollar stopped falling and even made some small gains. Forex trading began slowly this week. Americans are on holiday due to Memorial day. Also British banks enjoy the Spring Bank
Contraction or Retraction? US Dollar Outlook
The US dollar collapsed last week against lots of currencies. This week, American figures stand out in the economic calendar, with Prelim GDP being the last and most important figure. Will American contraction squeeze? How will Consumer Confidence, Home Sales (Existing and New), Durable Goods Orders. and the GDP move dollar this week? Outlook for the beaten
GDP and FOMC Statement – Super Wednesday Scenarios
The upcoming forex trading week will come to peak on Wednesday, when American Advance GDP and the FOMC Statement will rock the markets on the same day. Here are some scenarios. Forex trading this week features quite an uncommon collision of events: on the same day, April 29th, two major American events will occur: Advance
IMF World Economic Outlook and the Dollar
This Wednesday, the IMF will release the World Economic Outlook. After the previous gloomy outlook, this week’s forecast will significantly impact the mood of traders and the direction of the US dollar. World Recession On April 22nd, the International Monetary Fund (IMF) will release it’s World Economic Outlook. Last time, the IMF said that whole
GBP/USD Parity in 2009?
GBP/USD Parity in 2009? Yes, it sounds quite wild. While parity between the pound and the dollar never happened, the global crisis is so deep, that this is an option. GBP/USD in history The last time that GBP/USD has seen such levels was back in 1985. In September 1985, while there were riots in Brixton,