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GBP/USD Outlook Sep. 30-Oct. 4

GBP/USD continues to move higher and broke through the 1.61 line this week. The pair closed the week at 1.6136. This week’s key events are Manufacturing, Services and Construction PMIs. Here is an outlook of the events and an updated technical analysis for GBP/USD.

The pound continues to shine, although this week’s UK numbers were uneventful. In the US, Unemployment Claims looked sharp, but key manufacturing and housing data disappointed the markets and weighed on the greenback.

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Forex Daily Outlook August 30 2013

Forex Daily Outlook August 30 2013

We end this week with GDP in Canada and Personal Spending in the US as the major events of the day. Here is an outlook on the market-movers awaiting us. In the US, Personal Spending, value all consumers’ expenditures; reduce of 0.2% down to 0.3% now is likely. While no change is due on the [&hellip

GBP/USD Outlook August 26-30

GBP/USD Outlook August 26-30

GBP/USD started the week with gains, but ended the week with modest losses. The pair closed the week at 1.5563. The upcoming week has just five events on the schedule. Here is an outlook of the events and an updated technical analysis for GBP/USD. The UK posted solid manufacturing and GDP data last week, but the pound failed [&hellip

GBP/USD Outlook July 29-August 2

GBP/USD Outlook July 29-August 2

The pound continues to move upwards, as GBP/USD climbed almost 100 points on the week. The pair closed the week at 1.5380. This week is quite busy, with 10 events on the calendar. Here is an outlook of the events and an updated technical analysis for GBP/USD. The pound got a boost from British GDP, which posted a nice [&hellip

GBP/USD Outlook July 1-5

GBP/USD Outlook July 1-5

The US dollar continued to chip away at the pound last week, as GBP/USD dropped close to two cents. This week’s major events include PMIs and the Official Bank Rate, the first from new BOE Governor Mark Carney. Here is an outlook of the events and an updated technical analysis for GBP/USD. It was a gloomy week in [&hellip

Forex Daily Outlook May 31 2013

Forex Daily Outlook May 31 2013

We end this week with Canadian GDP and US consumer related data as the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Core PCE Price Index , measuring inflation in sold goods and services, remained unchanged in March following a 0.1% gain in the previous month. Analysts expected [&hellip

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 April 30 2013

Forex Daily Outlook April 30 2013

CB Consumer Confidence in the US and GDP in Canada are the main events lined up.  Let’s see what awaits us today. In the US, The Conference Board (CB), Consumer Confidence survey to value the current and future financial conditions like labor availability and overall economic situation, rise up to 60.6 points from 59.7 points on [&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 April 2 2013

Forex Daily Outlook April 2 2013

Factory Orders in the US and Manufacturing PMI in the UK are the main events lined up.  Let’s see what awaits us today. In the US, Charles Evans, Federal Reserve Bank of Chicago President is about to speak in Richmond. Later in the US,  Factory Orders, production leading indicator to value al the new manufacturer’s [&hellip