Post Tagged with: "GDP"
Forex Daily Outlook January 31 2012
US CB Consumer Confidence and Canadian GDP are the major events today. Here is an outlook on the market-movers awaiting us In the US, CB Consumer Confidence increased more than predicted to 64.5 in December from 55.2 in November indicating an elevated confidence among households. A further improvement to 68.2 is expected now. More in
USD/CAD Outlook Jan. 30- Feb. 3
The Canadian dollar is touching parity with the greenback after another week of gains. Gross Domestic Product and employment figures are the highlights of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Ben Bernake’s extended rate pledge and hints of QE3 certainly helped weaken the US dollar. In Canada,
Forex Weekly Outlook Jan. 30- Feb. 3
The US dollar made a big retreat for a second week in a row. Will it continue falling? The Non-Farm Payrolls release is the highlight of a very busy week, which includes many figures from the US . Here is an outlook on the main market-movers coming our way. Ben Bernanke weakened the dollar with
US Economy Grew by 2.8% in Q4 2011 – Dollar Rises
The US economy grew at an annual pace of 2.8% in the fourth quarter of 2011. Expectations stood on a growth rate of 3.1%. This is a small disappointment. After a few minutes of choppy trading, the dollar is strengthening against all currencies apart from the yen. The disappointment, especially with the components of the weaker than
EUR/USD Jan. 27 – Bounces Off Channel Resistance as Euphoria Fades
Euro dollar couldn’t break above uptrend resistance and is now settling in range. The euphoria that followed Bernanke’s moves faded away. The situation around Greece remains tense – a deal on Private Sector Involvement is always close, but it isn’t sealed. Also the ECB’s role is still to be seen. Today we get the initial assessment
EUR/USD:Trading the US GDP
The United States GDP, released quarterly, is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity, and a reading which is better than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at
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
GBP/USD Outlook January 23-27
GBP/USD was up sharply this week, as the pound gained almost 250 pips, settling in the mid-1.55 range. The upcoming week has six releases including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. Unemployment in the UK remains high at 8.4%, making an economic recovery difficult. With a drop in
USD/CAD Outlook December 26-30
The Canadian dollar made significant gains against the greenback just before the holidays. The upcoming week features no significant economic indicators, so the outlook focuses on technicals. Canadian GDP disappointed by remaining unchanged in October, the first month of Q4. On the other hand, fresh retail sales figures came out better than expected, providing hope. Updates: The