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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 likely remain near zero until late 2014. This was despite solid economic data coming out of the US.

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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

GBP/USD Outlook Nov. 28 – Dec. 2

GBP/USD Outlook Nov. 28 – Dec. 2

The British pound couldn’t escape the European debt crisis, and the discussion about more QE in Britain. The upcoming week consists of two important PMIs among other figures. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. British bonds did enjoy the failed German bond auction, but this wasn’t enough to [&hellip

Forex Daily Outlook – October 31 2011

Forex Daily Outlook – October 31 2011

We start the week with some interesting events such as Chicago PMI in the US and GDP  in Canada as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, Chicago Purchasing Managers’ Index (PMI); monthly managers in Chicago survey to value the business conditions for employment, new orders etc. [&hellip

GBP/USD Outlook – Oct. 31 – Nov. 4

GBP/USD Outlook – Oct. 31 – Nov. 4

The British pound shared the fate of the euro, and enjoyed a very strong ride. The upcoming week is very busy, with the first release of Q3 GDP being the highlight. Here’s an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The pound also enjoyed a relatively small current account deficit. This provided [&hellip

Forex Daily Outlook – September 29 2011

Forex Daily Outlook – September 29 2011

Pending Home Sales in the US and Nationwide HPI in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly measurement of the persons that filed for unemployment cover, reduces from 423K on the last week to 420K this time. Later in the US, Pending Home Sales, [&hellip

GBP/USD Outlook – September 26-30

GBP/USD Outlook – September 26-30

The British pound had another week of suffering. Where will it find a bottom? The upcoming week leans towards housing indicators. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. Britain is getting closer to another round of QE, perhaps as early as next month. This is what was [&hellip

Forex Daily Outlook – August 30 2011

Forex Daily Outlook – August 30 2011

FOMC Meeting Minutes in the US and RMPI in Canada are the main events lined up.  Let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC) Meeting Minutes, full record of the FOMC’s last meeting, regarding interest rates financial conditions. Later in the US, The Conference Board (CB) Consumer Confidence, Survey (5,000 [&hellip