Post Tagged with: "Mervyn King"
GBP/USD Outlook – October 18-22
Another busy week expects cable traders, with retail sales, meeting minutes and speeches. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines marked. Click to enlarge: Inflation is still above the government target, at 3.1%, and we also saw another rise in
Forex Daily Outlook – October 11 2010
We start the week with some interesting news and speeches, Janet Yellen in the US, Jean-Claude Trichet in Europe, Mervyn King in Britain and more exciting news coming up. Let’s see what awaits us today. In the US, Federal Reserve Governor Janet Yellen; delivers a speech titled “Macroprudential Supervision and Monetary Policy in the Post-Crisis
GBP/USD Breaks Higher After Rate Decision
The Bank of England didn’t go to the printing presses. The Pound that lagged behind reacted with a jump, finally moving above 1.60, but is still vulnerable. No statement was issued. Update
GBP/USD Outlook – September 20-24
A variety of indicators is released in the UK this week, and will shape the direction of the Pound. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines on it. Click to enlarge: British figures in the past week weren’t too good
More Unemployed Brits – Pound Vulnerable
A rise in the number of unemployed people was reported at he fresh Claimant Count Change release. This disappointment makes GBP/USD more vulnerable than other currencies. Britain’s earliest report on the job market disappointed – instead of a decrease of 4300 unemployed people, Britain “gained” 2300 new ones. Also last month’s figure was revised to
Forex Daily Outlook – September 15 2010
Very interesting and hectic day anticipated us today: Empire State Manufacturing Index, Survey in the US, (BOC) Deputy Governor Timothy Lane speaks in Canada, BOE) Governor Mervyn King speaks in the UK, Official Cash Rate in New Zealand and much more. Let’s see what awaits us today In the US Industrial Production, the main gauge
GBP/USD Bounces Off Support Line on Meeting Minutes
The meeting minutes from the last meeting of the BoE showed that there’s still one member voting for a rate hike. This helped GBP/USD bounce off the support line, after it got very close to it. Update on the Pound. Andrew Sentance continues to vote for a rate hike. He’s still the only member out
British Inflation Sliding Towards Target
British consumer prices are still above target. CPI dropped from 3.2% to 3.1%, exactly as expected. Other inflation related figures were softer than predicted, and the immediate reaction of the Pound was a small drop. Core CPI unexpectedly dropped from 3.1% to 2.6%, showing that the higher inflation isn’t really strong. Also the RPI (Retail
Pound Gets Bad News – Loses Support
With disappointing employment figures and a lower growth forecast, GBP/USD loses another support line. Risk aversive trading adds to the move. Update on the Pound. Claimant Count Change, the first and most important employment figure in Britain showed a drop of only 3800 unemployed people in July, much less than 17,00 that was expected. This
Forex Daily Outlook – August 11 2010
U.S. and Canada’s Trade Balance followed by British Jobless Claims are the major activities today. Here is an outlook on the market moving events. In the US, American Trade Balance deficit is expected to decrease from 42.3B to 42.0B following the worse than expected deficit increase in May