Post Tagged with: "Manufacturing PMI"
Forex Daily Outlook – June 1st 2009
Contrary to usual Monday’s this one starts with many important indicators. In Britain, Manufacturing PMI stands out. In the US, it’s ISM Manufacturing PMI, and don’t forget Canadian GDP…Let’s dive in to the first day of forex trading this month. Australian Retail Sales start the day with an expected rise of 0.5%, much less than
Britain’s Got Talent? Pound Outlook
After swinging and dancing, the British Pound finished the week almost 300 pips higher. With no significant technical hurdles, only a comeback of the dollar or bad British data can stop it. And what data awaits the Pound? Here are 5 key events to watch for: Halifax HPI, Manufacturing PMI, Services PMI, PPI and of
Forex Daily Outlook – May 1st 2009
It’s Labor day in Europe, so trading will be thinner than usual. But this May 1st still offers some interesting figures, such as British Manufacturing PMI and American ISM Manufacturing PMI. Let’s see what’s up for today: Japanese Average Cash Earnings start the day, with an expected fall of 2.7%. Later in Australia, Commodity Prices will be published. Commodities are
Forex Weekly Outlook – April 27 – May 1 2009
This week, features interest rate decisions from the US, Japan and New Zealand. Advance GDP in the US will also be in the limelight, as well as the ISM Manufacturing PMI. Let’s dive into the important figures for the upcoming forex trading week. Monday, April 27th: GfK German Consumer Climate will start the forex trading week, and
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
Comeback of the Pound
The British Pound had a marvelous performance this week. It broke upwards against the dollar and the Euro, and showed some positive economic news for a change. Will Britain emerge quickly from the crisis? GBP/USD is now trading at 1.4820, a price not seen in a long time. This is higher than last week’s peak,
Forex Daily Outlook – April 1st 2009
Lots of important indicators all over the globe – British Manufacturing PMI, German Retail Sales, American ADP Non-Farm Employment Change,ISM Manufacturing PMI and Pending Home Sales are only a small part of today’s figures. Take a deep breath… The day starts in Australia, with two major releases: Building Approval are expected to rise by 1.5%, after
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
British Pound – First Breakout of the Week
The forex week began with a big move by the British pound. It fell below the below the 1.40 mark. This happened after bad manufacturing PMI was released in Britain, and after the good ISM Manufacturing PMI in the US. GBP/USD is now trading at 1.3977, after breaking support lines, and breaking the 1.40 psychological line.
Forex Daily Outlook – March 2nd 2009
The EU Crisis Summit didn’t provide big headlines, but Monday has a lot of important economic figures. The major ones are the British Manufacturing PMI, Canadian GDP and the American ISM Manufacturing PMI. Yes, PMI is everywhere… In PM (Purchasing Manager’s Index), a level under 50 indicates contraction. The expectations everywhere are in the 30s. Let’s see