Post Tagged with: "Prelim GDP"
Critical Week For The Pound
The British Pound has recovered nicely, and played with 1.50. Next week’s major indicators will play a crucial role in the direction of the Pound. GBP/USD has traded above the magical 1.50 line for the first time since the beginning of the year. This shows the strength of cable. On April 3rd, I gathered the
Forex Daily Outlook – March 26th 2009
Major releases in Britain today will set the course of the Pound, which has shown strength. In America, Final GDP and Unemployment Claims will get attention, and note major releases in Japan and New Zealand near the end of the day. Australia’s RBA Financial Stability Review starts the day. Australia seems to have a very stable
Forex Daily Outlook – March 11th 2009
Wednesday features economic indicators from all over the globe, with British Trade Balance, Federal Budget Balance, Final GDP from Japan and a rate decision in New Zealand as the top indicators. Australia starts the day with the important figure of Home Loans expected to rise by 4%, less than 6.4% in the previous month. In
What to Expect in Forex from GDP
America Prelim GDP is going to be published at 13:30 GMT. Expectations are low. This week’s course sees American data disappointing and the dollar rising afterwards – risk aversion at its best. Will the Euro make the dive? Forex Traders are expecting a severe downgrade of data from the Advance GDP that was published a
Forex Daily Outlook – February 27th 2009
American Prelim GDP dominates Friday’s news. A whopping fall of 5.4% is expected in the world’s largest economy. Other than that, European Unemployment Rate, and important Canadian data will also be released. At midnight GMT, the GfK Consumer Confidence will be published in Britain. It’s expected to deepen its fall, and stand at -39. In Australia, the Private
Forex Weekly Outlook – February 23-27 2009
The upcoming week features a few major releases: German Ifo Business Climate and CBI Realized Sales on Tuesday, British Revised GDP and American Existing Home Sales on Wednesday, British Nationwide HPI and Core Durable Goods Orders on Thursday and the American Prelim GDP on Friday. And of course there’s lots more. After gaining throughout the whole week just to lose everything on
Forex Daily Analysis – February 16th 2009
Forex trading began with news from Japan: GDP in Japan fell by 3.3%, more than expected. This sent USD/JPY up to 91.90. In other data from Japan, the Revised Industrial Production fell even more than the preliminary figure, by almost 10% – 9.8%. These bad figures might have caused BOJ Governor Masaaki Shirakawa to give an
Forex Weekly Outlook – February 16-20 2009
This week has a strong start, with Japan’s GDP, just as the market opens. A rate decision in Japan will follow during the week. Later, CPI will be released on Tuesday in Britain, and on Friday in Canada and in the US. German ZEW Economic Sentiment, Anerican Building Permits and TIC Long-Term Purchases are notable. Let’s dive in…
Forex Weekly Outlook – February 9-13 2009
The second week of February begins in a slow pace, with more speeches than real economic data. It gradually gains pace, with Trade Balance in Canada and the US on Wednesday, Australian Employment Data on Thursday, and American Retail Sales on Thursday. On Friday 13th, European GDP will dominate the day, as well as UoM
Forex Daily Analysis – January 23rd 2009
On the last day of this wild week of forex trading, the trends of the last days continue: the Japanese Yen is the strongest of currencies, beating only the dollar, which in turn makes gains against all the others. The day began with some good news from Europe: the Flash Manufacturing PMI and the Flash Services PMI