Post Tagged with: "recession"
British Pound Outlook – October 19-23 2009
Looking for the latest outlook, for the current week? Check out the section: GBP/USD Forecast The British Pound made a huge comeback this week, rising from a very low position back up. GDP, Retail Sales, the MPC’s meeting minutes and 5 other events will set the course of the Pound this week. Here’s a review
Forex Links for the Weekend – August 15 2009
Here are some interesting forex-related articles / blog posts for the weekend. All of them have a scope that’s larger than a single day of forex trading: Macro Man takes a quick look back at the Non-Farm Payrolls, and the results don’t look right to him. I think it could be the beginning of the
Risk Aversion Turns the Market Over
After the dollar retreated on all fronts, it made a huge comeback in the last 24 hours on fears that the recovery is not near at all. Review of the turnaround and a look towards the final battle. Ben Bernanke went to testify in Washington. Despite very careful wording, he expressed pessimism. Recovery isn’t as
Will Australia go Down Under? Aussie Outlook
Australia has avoided recession up to now. This week’s GDP could prove otherwise. In addition, a new interest rate and 3 more major events await the Australian dollar: Retail Sales, Building Approvals and Trade Balance. After AUD/USD reached 0.80, here are the things to look for this week. Australia arguably has the strongest economy in the
Pound Recovers Despite Deepening Recession
British Prelim GDP, came out worse than expected, yet the Pound is recovering and reaching last week’s levels. Here’s a roundup of the latest events in the critical week for the Pound. The critical week for the Pound came to an end with the Prelim GDP – the main gauge of economic activity. British GDP
Not The Pound’s Darling
Alistair Darling is not the Pound’s friend. In his budget release, he pounded the Pound like no economic indicator did. Here’s a roundup of the Big Day in Britain: At 8:30 GMT, 6 economic indicators were released: Claimant Count Change, was better than expected, at 73K instead of 118K. This should have lifted the Pound,
IMF World Economic Outlook and the Dollar
This Wednesday, the IMF will release the World Economic Outlook. After the previous gloomy outlook, this week’s forecast will significantly impact the mood of traders and the direction of the US dollar. World Recession On April 22nd, the International Monetary Fund (IMF) will release it’s World Economic Outlook. Last time, the IMF said that whole
Obama’s Stimulus Bad For Dollar, Good For Economy
The stimulus package delivered by Obama spills a lot of money into the US economy. Printing of money devalues the currency, but I do believe that this pro active and extreme measures will get America out of the crisis quite fast. I’ve written in the past that the stimulus package will weaken the dollar, due
Forex Weekly Wrap Up – January 19-23 2009
This was a wild week in forex trading: A strong dollar with Obama’s inauguration, the huge fall of the British pound, rumors of BOJ intervention to weken the Yen and lots of data from Canada. Here’s a wrap up of the major events in the forex market this week. Forex trading began this week with
GBP/USD Parity in 2009?
GBP/USD Parity in 2009? Yes, it sounds quite wild. While parity between the pound and the dollar never happened, the global crisis is so deep, that this is an option. GBP/USD in history The last time that GBP/USD has seen such levels was back in 1985. In September 1985, while there were riots in Brixton,