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GBP/USD Outlook Oct 29-Nov 2

GBP/USD had a good week, as the pair gained close to one cent, closing  at 1.6091. The highlights of  the week are the Manufacturing and Construction PMIs. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.

Preliminary GDP was a stellar performer, as it jumped 1.0%, its highest increase since July 2010. On the flip side, CBI Industrial Order Expectations plunged to -23 points, its worst performance in 2012.

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Forex Daily Outlook October 1 2012

Forex Daily Outlook October 1 2012

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 [&hellip

GBP/USD Outlook October 1-5

GBP/USD Outlook October 1-5

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 [&hellip

Forex Daily Outlook August 30 2012

Forex Daily Outlook August 30 2012

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 [&hellip

GBP/USD Outlook Aug. 27-31

GBP/USD Outlook Aug. 27-31

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 [&hellip

Forex Daily Outlook July 30 2012

Forex Daily Outlook July 30 2012

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 [&hellip

GBP/USD July 30 – August 3

GBP/USD July 30 – August 3

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 [&hellip

Forex Daily Outlook July 3 2012

Forex Daily Outlook July 3 2012

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 [&hellip

GBP/USD Outlook July 2-6

GBP/USD Outlook July 2-6

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, [&hellip

Forex Daily Outlook May 30 2012

Forex Daily Outlook May 30 2012

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 [&hellip