Pound Unimpressed From Better GDP
British GDP was revised to the upside, and even better than expected. This hardly helps the Pound, that struggles under a strong resistance line.
According to the second release of British GDP (Gross Domestic Product), the economy grew by 0.3% in the fourth quarter of 2009. This is an upwards revision from the initial release that [...]
Forex Daily Outlook – February 26th 2010
The week ends with two revised GDP figures in Britain and in the US, as well as other moving figures. Let’s see what’s awaiting us today.
Early in the day, British GfK Consumer Confidence isn’t expected to move from the negative score of -17. This will stop months of slow improvement. Nationwide HPI is an important housing [...]
Forex Weekly Outlook – February 22-26
After another wild week and a very surprising rate hike, the last week of February also has its share of big events. Bernanke will continue to dominate the scene with two testimonies and revised GDP in the UK and the US will supply an exciting end to the week. And there are more market moving [...]
EUR/USD Falls on Stagnant Europe
EUR/USD breaks to a new 9 month low after GDP is very worrying. An no – the Greek crisis is far from over. Next stop – 1.3420.
European GDP figures were very disappointing. Germany’s economy didn’t grow in Q4. This followed weak growth in Q3. According to the initial release, the German economy stalled. This fell [...]
British Growth In Doubt – Pound Falls
Britain’s initial GDP read for the fourth quarter is very weak, and the revised versions can easily erase it. The Pound reacted with a fall against the dollar and the Euro. Here’s a review of this important event and a look forward on the Pound.
Britain’s first release of GDP was very weak – only 0.1%. [...]
Forex Daily Outlook – January 13th 2010
The dollar is certainly fighting back after dropping at the beginning of the week. Today’s most interesting figures come from Britain, which sees more range trading. Let’s review the events for today:
USD/CAD Forecast – December 21-25
Looking for the latest outlook for this week? Check the full section: Canadian Dollar Forecast
The Canadian dollar stood rather strong against the huge greenback strength and didn’t give to major technical lines. The upcoming short week includes only two releases, both important. Here’s an outlook for the upcoming week in Canada, and an updated technical [...]
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