Britain’s Economy Jumps by 1.1% in Q2 – Pound Leaps

The British economy grew by 1.1% in the second quarter of 2010 according to the first release. This is a very impressive leap, much higher than 0.6% that was expected. GBP/USD reacts with a leap against the dollar, breaking the 1.5350 resistance line and continuing north. Update on the recovering Pound. Early expectations stood on [...]

How a Jobless Recovery Looks in Forex – Non-Farm Payrolls Preview

The US economy is growing, but without a gain in jobs. A loss of jobs will also be seen in the upcoming Non-Farm Payrolls release on March 5th. How will this impact forex trading? Here’s a preview. On one hand, the American economy is growing nicely. I had doubts about the first release that showed [...]

Pound Unimpressed From Better GDP

British GDP was revised to the upside, and even better than expected. This hardly helps the Pound, that struggles under a strong resistance line. According to the second release of British GDP (Gross Domestic Product), the economy grew by 0.3% in the fourth quarter of 2009. This is an upwards revision from the initial release [...]

Forex Daily Outlook – February 24th 2010

Ben Bernanke’s testimony will be the centerpiece of today’s events, including releases from many countries. Let’s see what’s awaiting us. For those of you who haven’t noticed, I have a spot on Forex TV, where I talk about the markets. In these interviews I speak about currencies that I cover in the weekly outlooks, and [...]

Forex Weekly Outlook – February 22-26

After another wild week and a very surprising rate hike, the last week of February also has its share of big events. Bernanke will continue to dominate the scene with two testimonies and revised GDP in the UK and the US will supply an exciting end to the week. And there are more market moving [...]

Pound to climb up the mound?

Some good news for the Pound today – growth has returned to the UK according to the unofficial NIESR GDP estimate. This news was unnoticed. Looking at the near past, this institute was very accurate. Here is how you can use this info in the future.

Forex Daily Outlook – November 24th 2009

After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook: Japan’s BOJ Monthly Report starts the day, with an insight into the economy. [...]

EUR/USD hesitates on slow growth in Europe

The Euro zone is out of recession, with another quarter of growth in the large countries and a first quarter of growth for the whole continent. Although these results were expected, EUR/USD reacted positively to this growth. Germany, the continent’s largest country, was the first to release Gross Domestic Product for the third quarter, at [...]

Forex Trading and GDP Differences

Britain’s GDP for the second quarter was revised upwards today. Revised GDP exceeded the initial publications in many countries. If the second quarter is better, will we see strong growth in the third quarter? A look at recent releases and their impact on forex trading. Not all countries are recovering equally, and these differences are [...]

Catious European Recovery Helps EUR/USD

European recovery is lead by Germany and France. Today’s PMI figures showed. The other countries are lagging behind, and the forex market reacts cautiously. Will the whole continent prosper? Will EUR/USD break out of the range? European Purchasing Managers’ Indexes were better than expected. Data from France was the earliest. French Flash Services PMI scored 48.9, [...]

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