Pending Home Sales in the US and Core CPI in Canada are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Pending Home Sales, Pending Home Sales, Monthly measurement of homes with active agreement to be sold, not including new building, a significant rise is expected from -11.6% on May to 1.3% this month.
Read the rest of the article Forex Daily Outlook – June 29 2011
The pound got a beating but managed not to fall to a 5 month low. The upcoming week is very busy with key figures from many sectors. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. One of the main reasons for the fall came from the meeting minutes.
The pound managed to make its way up, riding on the greenback’s weakness. The upcoming week consists of key PMI figures. Is the economy still slowing? Here’s an outlook for the major market movers and an updated technical analysis for GBP/USD. Q1 growth was confirmed at 0.5%, but the overall picture is still worrying. Realized
The British pound enjoyed the greenback’s weakness for further gains. This week, the pound will be tested at home. No less than 12 events are expected now, including key PMI figures as well as the rate decision. Here’s an outlook for these events and an updated technical analysis for GBP/USD. The main downer of the
The final release of British GDP was slightly better than the second one, but in line with the first – the economy squeezed by 0.5% in Q4 of 2010. GBP/USD doesn’t cheer up. The bad weather that the UK experienced towards the end of 2010 contributed to fall, but it’s apparent that the economy would
CB Consumer Confidence in the US and Current Account in the UK are only a few of the highlights. Let’s see what awaits us today. In the US, The Conference Board (CB) Consumer Confidence, Survey of about 5,000 households which asks respondents to rate the relative level of current and future economic conditions including labor
After a week that saw a breakout and lots of choppy trading, another busy week expects cable traders. The highlights are final GDP and manufacturing PMI. Here’s an outlook for the 10 events that will rock the pound, and an updated technical analysis for GBP/USD. Another jump in inflation sent GBP/USD to levels unseen for
Fed Chairman Bernanke Testifies in the US, Inflation Report Hearings in the UK and much more on today’s outlook. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke, due to testify on the semi-annual monetary policy report before the Senate Banking Committee, in Washington DC. As head of the central
After very choppy trading, the pound faces a series of important indicators in the upcoming week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. There are already three MPC members, including an internal BOE member that support rate hike. On the other hand, GDP was revised to the downside
Very interesting events coming up today, Halifax & Nationwide HPI in the UK, ISM Manufacturing PMI in the US and much more .Let’s see what awaits us today. In the US, The Institute for Supply Management (ISM), Manufacturing Purchasing Managers’ Index (PMI); Survey of about 400 purchasing managers to rate the relative level of business