Post Tagged with: "Nationwide HPI"

GBP/USD Outlook June 24-28

The US dollar posted strong gains against the major currencies last week, and the pound was no exception, as GBP/USD shed over three cents last week. The pair closed the week slightly above the 1.54 line, at 1.5416. This week’s major events include the Inflation Report Hearings and Current Account. Here is an outlook of the events and an updated technical analysis for GBP/USD.

The UK posted a strong Retail Sales release last week, but this was of little help against the US dollar onslaught. The markets reacted negatively to high British inflation numbers, and the Fed announcement about tapering QE hurt the pound, as the dollar enjoyed broad strength last week against the major currencies.

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GBP/USD Outlook May 27-31

GBP/USD Outlook May 27-31

The pound showed some movement in both directions, but ended the week with very modest losses, as GBP/USD closed at 1.5122. The upcoming week is very quiet, with just four releases on the schedule. Here is an outlook of the events and an updated technical analysis for GBP/USD. British inflation numbers, including CPI, missed their estimates, and Retail [&hellip

Forex Daily Outlook May 1 2013

Forex Daily Outlook May 1 2013

ADP Non-Farm Employment Change in the US and Manufacturing PMI in the UK are the main events today.  Here is an outlook on the market-movers awaiting us In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, VALUE THE employed people (not including the farming industry and government) over the last month, 154K is [&hellip

GBP Outlook April 29 – May 3

GBP Outlook April 29 – May 3

GBP/USD shot higher late last in the week, as the pound gained about 250 points against the US dollar. The pair closed the week at 1.5473. This week’s highlights are PMI releases. Here is an outlook of the events and an updated technical analysis for GBP/USD. The pound  had a quiet week until Thursday, when the UK [&hellip

Forex Daily Outlook March 26 2013

Forex Daily Outlook March 26 2013

New Home Sales in the US and CBI Realized Sales in the UK are the main events lined up.  Let’s see what awaits us today. In the US, New Home Sales, value the yearly new homes that were sold, 426K is likely now from 437K on the previous month. Later in the US, The Conference [&hellip

GBP/USD Outlook March 25-29

GBP/USD Outlook March 25-29

The British pound enjoyed another strong week, gaining over one cent against the US dollar. GBP/USD pushed above the 1.52 level, closing at 1.5229. There are nine releases in the upcoming week, highlighted by Current Account. Here is an outlook of the events and an updated technical analysis for GBP/USD. The pound took advantage of positive British data late last [&hellip

GBP/USD Outlook February 25 – March 1

GBP/USD Outlook February 25 – March 1

The British pound’s woes continue as GBP/USD, shed another 300 points for the second week running. The pair closed at 1.5162. This week’s major events include GDP and Manufacturing PMI. Here is an outlook of the events and an updated technical analysis for GBP/USD. The markets continue to be concerned about the UK economy, which recorded a [&hellip

Forex Daily Outlook January 31 2013

Forex Daily Outlook January 31 2013

Unemployment Claims in the US and GDP in Canada are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly measurement to value the individuals that filed for unemployment insurance for the first time, 362K is likely now from 330K on the previous week. Later in the US,  Employment Cost Index, [&hellip

GBP/USD Outlook Jan 28 – Feb 1

GBP/USD Outlook Jan 28 – Feb 1

GBP/USD was down slightly this week, as the pair closed just below the 1.58 line, at 1.5795. The pound has now shed 450 points against the US dollar since the beginning of the year. There are only four events scheduled in the upcoming week, with the highlight being Manufacturing PMI. Here is an outlook of the events and an [&hellip

Forex Daily Outlook January 3 2013

Forex Daily Outlook January 3 2013

ISM Non-Manufacturing PMI in the US and Unemployment Rare in Canada are the main events today.  Here is an outlook on the market-movers awaiting us In the US, FOMC Meeting Minutes the detailed from FOMC’s recent meeting that provides information on the interest rates economic and financial conditions. Later in the US, Unemployment Claims, the [&hellip