Post Tagged with: "GDP"
Pound Recovers Despite Deepening Recession
British Prelim GDP, came out worse than expected, yet the Pound is recovering and reaching last week’s levels. Here’s a roundup of the latest events in the critical week for the Pound. The critical week for the Pound came to an end with the Prelim GDP – the main gauge of economic activity. British GDP
Forex Daily Outlook – April 24th 2009
The last day of this week has many important releases, and two special events: G7 Meetings and the Bank Stress Test Info. Let’s see what’s on the menu in this exciting day: G7 Meeting are held throughout the day in Washington DC. This may also be seen as a follow up on the G20 summit, that
Forex Weekly Outlook – April 20-24 2009
This week features Home Sales data in the US, a rate decision in Canada, British GDP and many more interesting economic figures that will move the markets. Some currencies are at critical levels, and might set a new course this week. Let’s dive into the major events this week: Monday, April 20th: Australia’s PPI is
Critical Week For The Pound
The British Pound has recovered nicely, and played with 1.50. Next week’s major indicators will play a crucial role in the direction of the Pound. GBP/USD has traded above the magical 1.50 line for the first time since the beginning of the year. This shows the strength of cable. On April 3rd, I gathered the
Canadian GDP Could Surprise
GDP is expected soon in Canada, and it’s expected to show a contraction of 0.6%. There are three reasons why it could surprise to the upside. Here’s why. Canada publishes its GDP on monthly basis. This is unique. While the consensus is for a contraction of 0.6%, some conditions have improved lately, and could indicate
Forex Daily Outlook – March 31st 2009
There are lots of economic indicators today, from all over the globe. The main events are the European CPI Flash Estimate, Canadian GDP and the American CB Consumer Confidence . The leaks from the G20 summit will continue to move the dollar also today. British GfK Consumer Confidence was a positive surprise despite being negative: it printed -30
Forex Weekly Outlook – March 30 – April 3 2009
Big week ahead in the forex market. Non Farm Payrolls, ECB rate decision and the G20 summit talks will be the highlights of the week. There are lots of other major indicators this week, that begins with important indicators on Sunday night! Here’s what’s cooking for us this week: Sunday, March 29th: There are important
Forex Daily Outlook – March 26th 2009
Major releases in Britain today will set the course of the Pound, which has shown strength. In America, Final GDP and Unemployment Claims will get attention, and note major releases in Japan and New Zealand near the end of the day. Australia’s RBA Financial Stability Review starts the day. Australia seems to have a very stable
Forex Weekly Outlook – March 23-27 2009
The upcoming forex week has many interesting figures. Britain will get the limelight with lots of important releases: CPI, Nationwide HPI, Retail Sales and more. In the US, Core Durable Goods Orders and Home Sales will be major. Also note New Zealand’s GDP and the German Ifo Business Climate. Let’s see what’s due for us this week. Will
AUD/USD In Narrowing Channel – Break is Close
The AUD/USD is trading between an uptrend support line and a downtrend resistance line, and it will soon have to break somewhere. Fundamentals say the direction is up. Technical: As seen in the graph below, the AUD/USD is closed by a downtrend resistance line than began with a high in September, was formed in a