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GBP/USD Outlook April 30 – May 4

The British pound continued to impress, as GBP/USD climbed another 130 pips, closing the week at 1.6250. The upcoming week has six releases, including three key PMI releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

GBP/USD moved higher this week, as the pound continues to do very well against the dollar in 2012.The pair has benefited from some weak US economic data and the announcement by the Fed that it has no plans to raise interest rates for the foreseable future. As well , there has been some improvement in some economic indicators in the UK, such as solid PMI readings  and higher consumer confidence.

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Forex Daily Outlook March 29 2012

Forex Daily Outlook March 29 2012

Unemployment Claims in the US and GfK Consumer Confidence in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, The individuals that filed for unemployment insurance over the past week for the first time, due to rise up from 348K to 351K this week. More in the [&hellip

GBP/USD Outlook March 26-30

GBP/USD Outlook March 26-30

After a strong surge last week, GBP/USD was unable to break out of range, and closed at 1.5858. The upcoming week is quite busy, with nine releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. With the the debt crisis still weighing on various European countries, and a slow improvement in [&hellip

Forex Daily Outlook February 29 2012

Forex Daily Outlook February 29 2012

Prelim GDP and Fed Chairman Bernanke Testifies in the US are the main events today.  Here is an outlook on the market-movers awaiting us In the US, Ben Bernanke, Federal Reserve Chairman is about to testify in Washington DC. More in the US, Prelim Gross Domestic Product (GDP),the  widest quarterly measurement of monetary activity that [&hellip

GBP/USD Outlook Feb. 27 – March 2

GBP/USD Outlook Feb. 27 – March 2

GBP/USD was unchanged over the week, although the pair did drop over 200 pips before rebounding, to close at the 1.5870 level. The upcoming week has six releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. British GDP contracted by 0.2% in Q4 of 2011, and business investment plunged by [&hellip

Forex Daily Outlook January 31 2012

Forex Daily Outlook January 31 2012

US CB Consumer Confidence  and Canadian GDP are the major events today.  Here is an outlook on the market-movers awaiting us In the US, CB Consumer Confidence increased more than predicted to 64.5 in December from 55.2 in November indicating an elevated confidence among households. A further improvement to 68.2 is expected now. More in [&hellip

GBP/USD Outlook January 30 – February 3

GBP/USD Outlook January 30 – February 3

The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The dollar weakened against most major currencies following Bernanke’s announcement that  interest rates will [&hellip

Forex Daily Outlook January 4 2012

Forex Daily Outlook January 4 2012

Factory Orders in the US and Construction PMI in the UK are the main events today.  Here is an outlook on the market-movers awaiting us In the US, Factory Orders, production leading indicator to value the new manufacturers’ orders over the past month, rise is expected from -0.4% up to 1.9% More in the US, [&hellip

GBP/USD Outlook January 2-6

GBP/USD Outlook January 2-6

GBP/USD surpised the markets with some unexpected movement during the holiday week. The pair broke the 1.57 resistance line (discussed last week), then dipped sharply to 1.5361, before recovering to close the week at 1.5527. There are five releases in the upcoming week, as the markets are  back in action. Here is an outlook for the upcoming events, and an updated [&hellip

Forex Daily Outlook November 29 2011

Forex Daily Outlook November 29 2011

Building Consents in the US and Nationwide HPI in the UK are the main events lined up.  Let’s see what awaits us today. In the US, The Conference Board (CB) Consumer Confidence, monthly survey to rate the present and upcoming financial conditions with labor availability etc., rise is expected from 39.8 on October up to [&hellip