Post Tagged with: "Quantitative Easing"
Will Retail Sales and GDP Send the Pound Higher?
The Pound is trading in the highest levels for many months, near a major resistance line. There are 4 major indicators this week: CPI, MPC Meeting Minutes, Retail Sales and Revised GDP. Will they send the Pound to new highs? GBP/USD trades above 1.50 during the most of May. It destroyed the magical number of
Forex Weekly Outlook – May 18-22 2009
It’s an interesting week ahead in forex: GDP figures in Britain and Japan, CPI in Britain and Canada and American Building Permits in the US are the highlights this week. Let’s see what other major indicators are due this week. Sunday, May 17th: Yup, important indicators start early, with the PPI Input in New Zealand.
Forex Daily Outlook – May 7th 2009
Big today today in forex trading: Britain and Europe will make rate decisions, US Unemployment Claims could surprise, and Bank Stress Test Info will also draw attention. Let’s dive into the main events of the day… I apologize before my regular readers – I didn’t publish the forex daily outlook yesterday. Australian employment figures were better
Forex Daily Outlook – April 9th
Due to Good Friday, today is packed with lost of figures. The main event of today is the new British Official Bank Rate and accompanying statement. Employment figures from Australia and Canada, and Trade Balance in North America will be of interest to traders. Let’s dive into the packed calendar… Australian employment data was disappointing: Employment Change
Forex Weekly Outlook – April 6-10 2009
This week features rate decisions from Australia, Japan and Britain. There are also lots of major figures from Canada. Due to Easter, Thursday is packed with indicators, and Good Friday is good for resting. Lets’ see what’s on the menu… Monday, April 6th: The week starts slowly, with European Retail Sales that are expected to
Forex Daily Outlook – April 2nd 2009
Big day in the forex market: G20 summit leaks and statements, and the ECB rate decision will dominate the day. And there’s more… G20 summit talks are now in progress in London. Will the leaders act together? Will they decide on a huge spending plan? What about regulation? All the official and unofficial news from
Forex Daily Outlook – March 18th 2009
Big day today in Forex: Both Japan and the US announce new interest rates, which aren’t expected to change. The statements from both central banks will be interesting to watch. There are lots more major economic indicators. Let’s review them. Japan starts the day with the aforementioned new Overnight Call Rate. This will accompanied by an
Forex Daily Analysis – January 28 2009
Wednesday, January 28th, features a rate decision by the Federal Reserve. A cur isn’t expected, but the statement will be of interest to traders. Also New Zealand will feature a rate decision, and in Germany there are some important releases today. For those trading the Aussie, the quarterly CPI will be published at 00:30 GMT.
ADP Plummets – Dollar Falls
The ADP Non-Farm Employment Change fell by 693,000 jobs! This devastating number was far more than a drop of 495,000 that was expected. Following this bad news, the dollar fell against most currencies: EUR/USD at 3701, GBP/USD crossed the 1.50 mark and is now at 1.51, USD/CHF under 1.10 at 1.0924 and USD/JPY at 92.65. All