Post Tagged with: "Net Lending to Individuals"

GBP/USD Outlook May 28 – June 1

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 from the Euro-zone and a lacklustre response to the fiscal crisis in Europe is weighing on the pound, which had a miserable May, losing around six cents against the surging US dollar.

Updates: Concerns of a Greek exit from the Euro-zone eased after a Greek poll indicated that the pro-bailout parties could form a coalition. The pound was up on the news, briefly breaking above the 1.57 level. GBP/USD was trading at 1.5696. CBI Realized Sales will be released on Tuesday. CBI Realized Sales was outstanding, hitting 21 points, which was well above the market forecast of -7. It was the indicator’s best performance since last May. The pound has edged downwards, as GBP/USD was trading at 1.5675. GBP/USD continued to drop, as investors flocked to the US dollar over concerns over funding issues in Italy and Spain. Net Lending to Individuals came in at 0.4%, above the market forecast of 0.2%. M4 Money Supply had a strong showing, posting a three-month high of 0.1%. Mortgage Approvals came in at 52K, slightly above the estimate of 50K. The pound shrugged off these postive releases, and was trading at 1.5582.  Consumer Confidence was up slightly, but still deep in negative territory, at -29 points. Manufacturing PMI, a key index, will be released on Friday. The markets are anticipating a reading very close to the 50 level. The pound fell below the 1.55 line in the Asian session, before retracing in European trading. GBP/USD was trading at 1.5512.

Read the rest of the article GBP/USD Outlook May 28 – June 1
Forex Daily Outlook May 2 2012

Forex Daily Outlook May 2 2012

ADP Non-Farm Employment Change 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, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, the estimated number of employed people on the last month (not including the farming industry and government), [&hellip

GBP/USD Outlook April 30 – May 4

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 [&hellip

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