Post Tagged with: "Manufacturing PMI"
GBP/USD Outlook – August 1-5
A very busy week awaits cable traders. Every day provides a major economic indicator to rock the pound. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. The British economy continued growing in Q2, by 0.2%. This slow growth rate was cheered by the pound, due to fears that
Forex Daily Outlook – July 28 2011
Unemployment Claims & Pending Home Sales in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly valuation of the new unemployed that were asking for insurance, droop down from 418K last week to 413K this week is expected. Later in the US, Pending Home Sales, important
USD/JPY Outlook – July 25-29
Against the will of Japanese policymakers, the yen is strengthening. Will USD/JPY challenge the extreme lows’; Retail sales, Inflation data and household spending are just a few of the events awaiting forex traders this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week the adjusted trade balance showed a deficit
GBP/USD Falls on Another Weak Manufacturing PMI
It’s becoming a tradition. Yet again, the British manufacturing sector disappointed and dropped to 51.3 points. Growth is grinding down to a halt. Early expectations stood on a small rise to 52.2 points. GBP/USD is losing ground quickly. GBP/USD is now at around 1.6000, down from 1.6070 before the release. It is still holding on
Forex Daily Outlook – July 1 2011
We end this week with ISM Manufacturing PMI in the US and Manufacturing PMI in the UK. Here is an outlook on the market-movers awaiting us. In the US, Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); monthly survey of 400 manufactures to measure business conditions, is about to reduce by 1.6 points
GBP/USD Outlook – June 27 – July 1
The pound got a beating but managed not to fall to a 5 month low. The upcoming week is very busy with key figures from many sectors. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. One of the main reasons for the fall came from the meeting minutes.
AUD/USD Outlook – June 27 – July 1
The Australian dollar was hit by global fears and retreated, still remaining in range. The upcoming week consists of key interesting figures from Australia and also from China. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD, now in lower ground. The end of QE2 in the US and
USD/JPY Outlook – Jun 27-Jul 1
USD/JPY continued to consolidate in a narrowing range. Will it break out of it now? Tankan Manufacturing Index is the key event this week. Here’s an outlook for the major market-moving events. Last week trade balance figures provided another reassuring sign for the overall improvement in Japan’s economy by maintaining the gap between imports and exports at- 0.47T yen
The noose tightens on the periphery
The defeat of the incumbent socialists in Portugal’s election was of course no surprise, but nevertheless stands as another reminder of the high political price European politicians are paying (Ireland the other recent example) for pushing through the required austerity, either to avoid a bailout or to meet the conditions of one, as in Greece.
GBP/USD Loses Support As Economy Shows More Signs of Slowdown
British Manufacturing PMI printed 52.1 points, weaker than 54.2 that was expected. This reflects a further slowdown. GBP/USD drops sharply, losing support. GBP/USD now trades at 1.6417, down from almost 1.65 before the release. Support at 1.6430 was pierced through. The next support area is the region of 1.6280 to 1.63, which is still far.