Post Tagged with: "Revised GDP"
GBP/USD Doesn’t Enjoy British Growth
The British economy grew by 0.5% according to the first revision of GDP, confirming the first release. Other British figures were disappointing. GBP/USD finds it hard to enjoy this growth. The British economy contracted in the fourth quarter of 2010 by 0.5%. This was blamed on bad weather, but it wouldn’t have been much better
GBP/USD Outlook – May 23-27
After testing lower ground, the pound bounced off support and managed to stabilize. 8 events are awaiting cable traders this week. Here’s an outlook for these events and an updated technical analysis for GBP/USD. Inflation is heating again in the UK, after a one month break. On the other hand, a big rise in jobless
Forex Weekly Outlook –May 23-27
In the past week, the dollar consolidated its recent gains. Is it ready for the next move? US Housing data, US and UK GDP, and US unemployment claims are the main events this week. Let’s review the main market-movers lined up. Last week the U.S. has nearly reached its debt ceiling of the $14.294 trillion
EUR/USD Mar. 3 – Hesitant on High Ground
EUR/USD managed to settle on higher ground, but the break is very cautious. It’s a busy day with the ECB meeting and last hints for the Non-Farm Payrolls. Will it hold to these gains? Here’s a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session: Quiet session sees Euro/Dollar around 1.3860. Current
Forex Daily Outlook – February 25 2011
Revisions of GDP in both the US and the UK are the main events today, and will provide a strong end to a very volatile week. Let’s see what’s awaiting us today. In Britain, GfK Consumer Confidence scored -28 points, slightly below expectations for a print of -27 points. MPC member Adam Posen, who is
Forex Weekly Outlook – February 21-25
US CB Consumer Confidence, US housing data, US Unemployment Claims are the main events this week. Here is an outlook on the major market-movers. U.S. core consumer prices rose at their quickest pace in more than a year in January gaining 0.2% the biggest climb since October 2009. Nevertheless the increase was not strong enough
EUR/USD Dec. 2 – Holding on to Hopes
EUR/USD is holding on to higher ground as all eyes are on ECB. Will Trichet boost the Euro and send it back to the previous trading range? Here’s a quick update on technicals, fundamentals and community trends
Forex Daily Outlook – December 2 2010
US Unemployment Claims and Pending Home Sales are the main events this day .Let’s see what awaits us today. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week is about to rise by 18K. Important signal of overall economic health
Forex Daily Outlook – November 24 2010
Core Durable Goods Orders in the US, Revised GDP in UK and German Ifo Business Climate, are only some of the busy outlook of the day. Let’s see what awaits us today. In the US, Durable Goods Orders, new purchase orders placed with manufacturers for durable goods is about to reduce by 0.5%, while the
GBP/USD Outlook – November 22-26
Public appearances by many senior officials and the second release of GDP are the highlights of British events this week. Here’s an outlook for British events and an updated technical analysis for GBP/USD, now in lower ground. GBP/USD chart with support and resistance lines on it. Click to enlarge: The pound enjoyed higher inflation and