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Forex Daily Outlook – November 2 2011

Forex Daily Outlook – November 2 2011

Today we have key events: FOMC Statement in the US and Construction PMI in the UK as the main highlights on today’s outlook. Let’s see what awaits us today. In the US, FOMC Statement, the key tool that is used by the FOMC regarding monetary policy with investors, and regarding  financial conditions for  other policy

Forex Daily Outlook – September 1 2011

Forex Daily Outlook – September 1 2011

ISM Manufacturing PMI in the UK and Nationwide HPI in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly report for the number of unemployment that filed for insurance on the past week, reduce from 417K on July to 409K this week is expected. Later in

Forex Daily Outlook – June 21 2011

Forex Daily Outlook – June 21 2011

Existing Home Sales in the US and German ZEW Economic Sentiment in Europe are the main events lined up.  Let’s see what awaits us today. In the US, Existing Home Sales, measuring the number of built houses that were sold on the last month, drooped to 5.05 million on May and a further reduce is

Forex Daily Outlook – March 30 2011

Forex Daily Outlook – March 30 2011

ADP Non-Farm Employment Change in the US and much more exciting events. Let’s see what awaits us today.  In the US, ADP Non-Farm Employment Change, number of employed people during the previous month, excluding the farming industry and government is about to reduce by 11K, and accounts for a majority of overall economic activity

Forex Daily Outlook – October 14 2010

American and Canadian trade balance followed by US Unemployment Claims and Producer Price Index open a busy day for the forex traders today. Here is an outlook on the market-moving events ahead. In the US, American trade balance a major market-mover released simultaneously with the Canadian trade balance and provides high volatility for USD/CAD. The

GBP/USD Outlook – October 11-15

GBP/USD Outlook – October 11-15

A very busy week expects pound traders, with inflation and employment figures in the limelight. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines on it. Click to enlarge: The rate decision didn’t make any changes, but apparently the members could not agree

Forex Daily Outlook – September 30 2010

A very hectic day is expected. In the US Fed Chairman Bernanke Testifies & speaks in Washington DC; in Canada GDP; Building Approvals in Australia; NBNZ Business Confidence in New Zealand and more interesting news. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke testifies on implementation of the Dodd-Frank

GBP/USD Outlook – September 27 October 1

GBP/USD Outlook – September 27 October 1

Final GDP, manufacturing PMI and lots of speeches are part of a busy week for cable traders. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD  daily graph with support and resistance lines marked. Click to enlarge: The British Pound enjoyed the greenback’s weakness and advanced higher, although it

GBP/USD Outlook – July 26-30

GBP/USD Outlook – July 26-30

A more quiet week in terms of indicators expects the Pound, but Mervyn King’s public appearance could rock the currency. Here’s an outlook for the 4 events that will move the currency, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines on it. Click to enlarge: A rate hike in

GBP/USD Outlook – February 15-19

GBP/USD Outlook – February 15-19

The upcoming week is very busy for cable traders. Inflation, employment and retail sales are among the many events. Here’s an outlook for this week’s data and an updated technical analysis for GBP/USD. GBP/USD  graph with resistance and support lines marked. Click to enlarge: One of the things that hurt the Pound this week was