Post Tagged with: "GBP/USD"
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
British Economy Contracts by 0.2% in Q4 2011
The first release of British Gross Domestic Product for the last quarter of 2011 showed that the economy contracted by 0.2%. Early expectations stood on a contraction of 0.1%. GBP/USD is rising. It fell before the publication. It seems that rumors were out there and now the pound is “rising on the fact”. Data leaks
GBP/USD: Trading the British GDP
The Gross Domestic Product (GDP) indicator measures the production and growth of the economy. Analysts consider GDP one of the most important economic indicators, thus the publication of the British GDP can have an immediate effect on GBP/USD. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator
Another Round of British QE is Closer as Unemployment Rises, Inflation Drops
The unemployment rate in the UK rose to 8.4% in November. This was a bit higher than the 8.3% estimated earlier, a number recorded also in October. After a drop in inflation reported yesterday, the chances that the Bank of England will further expand its QE program in the upcoming meeting in February are on
British Services Sector Moves Up – Pound Unexcited
British Services PMI exceeded expectations and rose to 54 points, indicating stronger growth. Will Britain escape a recession? GBP/USD is still under the weight of European troubles and doesn’t really move up on this good figure. Earlier in the week, the British manufacturing sector managed to slow its contraction and rise nicely. Also Britain’s construction
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
5 Most Predictable Currency Pairs – Q1 2012
Not all forex pairs were born equal. Some will slow down and then bounce back when they approach a distinct line of resistance or support. If momentum is strong, they will break these lines in a convincing manner without looking back. These pairs, that have a better tendency to follow technical rules, are the more
GBP/USD: Trading the British Nationwide HPI
The British Nationwide HPI (Housing Price Index) measures the change in the selling price of residential homes. As a house is likely to be the largest purchase that a consumer will make, this indicator provides important data about the mood of consumers and the health of the economy. A reading which is higher than the market forecast is bullish for
GBP/USD: Trading the US New Home Sales
The New Home Sales report is a leading indicator of housing activity. The indicator is released on a monthly basis, and helps analysts track consumer spending. A higher reading than that expected by the market is bullish for the dollar. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Friday at 15:00