Post Tagged with: "GDP"
Forex Daily Outlook March 1 2012
Fed Chairman Bernanke Testifies in the US and Manufacturing PMI in the UK are the major market-movers. Let see what awaits us today. In the US, Ben Bernanke, Federal Reserve Chairman is due to Testify in Washington DC. More in the US, Unemployment Claims, value who filed for the first time for unemployment insurance over
EUR/USD Feb. 29 – Big Day: All Eyes on LTRO, and also Bernanke
Euro dollar is on high ground on this highly important day on a special date. The second LTRO of the ECB is in the limelight: European banks will get more cash, and there’s a lot of uncertainty about the size and market reaction. “Selling the fact” seems the best option. Will Greece be let go after
USD/CHF Outlook Feb. 27 Mar. 2
The Swiss franc rallied against the dollar this week, gaining almost 200 points, closing at the 0.8960 level. The upcoming week has five releases, including GDP. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. The Swiss currency was one of the beneficiaries of the dollar sell-off late last week. Despite weak
USD/CAD Outlook Feb. 27-Mar. 2
The Canadian dollar partially enjoyed the rise in oil prices. It could backfire and hit the US economy, Canada’s No. 1 trade partner. GDP is the highlight event this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week, retail sales dropped 0.2% in December posing the first decline in
Forex Weekly Outlook Feb. 27-Mar. 2
The US dollar was hit and the euro surged as optimism eventually followed the Greek bailout announcement. The upcoming week features the long awaited appearances by Ben Bernanke, updated US GDP and the long awaited LTRO of the ECB (cash to eurobanks), among other events. Wednesday, February 29th, is of high importance. Will the picture
British GDP Contraction Reaffirmed, Business Investment Plunges
The second release of British GDP for Q4 2011 confirmed the contraction of 0.2%, as expected. A final version is still pending. The year-over-year figure was slightly revised to the downside, from 0.8% to 0.7%. On the other hand, business investment plunged by 5.6% in Q4, according to the first release. A much milder slide
Greek deal fails to excite
Tuesday followed an all too familiar pattern, namely markets becoming immune to setbacks ahead of the event, and then slumping once the deal on Greece was finally announced. The reason is simple. The deal, at its best, saves Greece from a near-term default and likely exit from the eurozone with it, but does nothing to
France Grows, Germany Contracts, EUR/USD Unexcited
Germany, Europe’s largest economy, contracted by 0.2% in Q4 2011. This was better than -0.3% earlier expected. Also Europe’s No. 2 economy surprised by continued growth. These preliminary figures don’t convince the markets. EUR/USD is still depressed by Greece. The German economy grew by 1.8% in 2011. This is weaker than 2010. Germany saw improving
EUR/USD Feb.13 – Reaches Resistance on Greek Approval, Hurdles Remain
Euro dollar rallied up to higher resistance at the beginning of the new week. Greece passed the austerity bill in parliament with a big majority, yet the main opposition party said it would renegotiate the terms after the elections. This casts a shadow on the upcoming German approval of Greece’s second bailout program. The saga continues,
EUR/USD Outlook February 13-17 2012
Euro/dollar couldn’t hold to gains, as the second Greek bailout deal couldn’t be sealed. Is Greece close to a breaking point? The initial GDP releases are the highlights this week, as news from Athens continues flowing. Here is an outlook for this week’s events and an updated technical analysis for EUR/USD. ECB President Mario Draghi left