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GBP/USD Outlook Dec.30-Jan.3

GBP/USD made the most of low liquidity in holiday markets last week, gaining about 150 points. The pair closed at 1.6476. This week’s highlights are Manufacturing and Construction PMIs. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.

The pound managed to post sharp gains last week despite strong US numbers. Unemployment claims fell sharply and New Home Sales beat the estimate, but this wasn’t enough to keep the dollar from taking a tumble.

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GBP/USD Outlook Nov. 25-29

GBP/USD Outlook Nov. 25-29

GBP/USD continues to rally, and gained about 100 points last week. The pair closed slightly over the 1.62 level. This week’s key releases are the Inflation Report hearings and Second Estimate GDP. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. The pound got a boost late in the week from a [&hellip

GBP/USD Outlook Oct. 28 – Nov. 1

GBP/USD Outlook Oct. 28 – Nov. 1

GBP/USD was almost unchanged last week, as the pair closed the week at 1.6161. This week’s highlight is Manufacturing PMI. Here is an outlook of the events and an updated technical analysis for GBP/USD. US employment and manufacturing numbers disappointed last week, but the dollar held its ground against the pound. GBP/USD graph with support [&hellip

GBP/USD Outlook Sep. 30-Oct. 4

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 [&hellip

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