We begin the week with US ISM Manufacturing PMI and Bernanke’s speech  as the main highlights on today’s outlook. Let’s see what awaits us today.
In the US, ISM Manufacturing PMI. Manufacturing activity in the US continued to contract posting 49.6 in August, after 49.8 in July. The index remained below the 50 point line for the third consecutive month. Analysts expect a rise to 50.0.
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GBP/USD was marked by a quiet week of trading. The pair dropped slightly at week’s end, closing in the mid-1.61 range. The upcoming week is quite busy, with 10 events. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD. UK data was very close to the market forecasts. In the US, the numbers were mixed
In the US Unemployment Claims and GfK Consumer Confidence in the UK are the major market-movers. Let see what awaits us today. Jackson Hole Symposium – Day 1, Annually Economic Symposium that is held in Jackson Hole, Wyoming, for central bankers, finance ministers, academics, and financial market participants from around the world. It also can
GBP/USD broke out of its recent range trading, as the pound gained over one cent against the dollar. The pair closed the week at 1.5806. The upcoming week is quiet, with only four releases. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD. The pound took advantage of some weak US releases, including New Home Sales
We began the week with Spanish Flash GDP in Europe and GfK Consumer Confidence in the UK the main highlights on today’s outlook. Let’s see what awaits us today. In Europe, Spanish Flash Gross Domestic Product (GDP), value all the economy’s production for goods and services, due to further reduce from -0.3% on the last
GBP/USD moved upwards during the week, as the pound gained over one cent against the dollar, closing at 1.5734.  There is a host of key releases  in the the upcoming week including the Official Bank Rate, Asset Purchase Facility and three PMIs. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD. The pound took
Building Approvals in the UK and Construction PMI in Canada are the main events lined up.  Let’s see what awaits us today. In the US, Factory Orders, production important indicator to value all the  manufacture’s new acquisition over the last month, is due to rise up from -0.6% on June up to 0.1% now. Later
The British pound gained slightly over one cent against US dollar, as GBP/USD closed just shy of the 1.57 mark, at 1.5698. The upcoming week has nine releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The pound moved up sharply at the end of last week, following the surprise announcement at the EU Summit. At the Summit,
Pending Home Sales in the US M3 Money Supply in Europe are the main events today. Here is an outlook on the market-movers awaiting us. In the US, Pending Home Sales, the number of under contract homes that are to be sold but still awaiting the closing deal (without new building) is due to drop
The pound continued its sharp drop this week, as GBP/USD aiming to reach critical low support. The upcoming week has seven releases, including Manufacturing PMI. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. A weak GDP release in the UK is pointing to a deeper recession than forecast. As well, talk of a Greek exit