Post Tagged with: "Revised GDP"
Forex Daily Outlook – August 28th 2009
The last day of the week is highlighted by Britain’s GDP. And there are various releases from all the world. Let’s see what’s up for today: The first figure for today is bid: Britain posts its Revised GDP for the second quarter of 2009. Economists don’t expect a change from the initial read of a
British Pound Outlook – August 24-28 2009
The British Pound traded in a narrow range this week, bouncing off resistance and support lines, and trading “by the book”. This week features 7 important British indicators, with the Revised GDP being the most important release. Here’s an outlook for this week’s events and a technical analysis for GBP/USD. GBP/USD forex chart with important
Forex Weekly Outlook – August 24-28 2009
The last week of August brings revised GDP figures in the US and Britain, Durable Goods Orders and more important releases. What will be the dollar’s direction this week? Here’s the weekly outlook. The US dollar made some late gains on Friday afternoon. The Jackson Hole conference going on during the weekend, with the positive feeling
Pound Rollercoaster Roundup
This was one hell of a week for the British Pound. Different forces moved it up and down. Here’s a summary of this week’s events. What can we learn for next week? The British Pound got some expected and unexpected news this week. I’ve covered the event in my post Will Retail Sales and GDP Send
Forex Daily Outlook – May 22nd 2009
The forex trading week ends with a bang: Japanese rate call, British GDP, Canadian Retail Sales and Ben Bernanke – all in one day. Let’s see what’s up for today: A new interest is due in Japan, but withough surprises: Overnight Call Rate is expected to stay at 0.1%. So, the focus will move to
GBP/USD Broke Resistance – MPC Meeting Minutes Next
GBP/USD broke the resistance line at 1.5370 and left dust behind it! I’m happy to say that I saw it coming. MPC Meeting Minutes, Retail Sales and Revised GDP are due in the next days, and positive figures could make it cross the next hurdles. Yesterday, I wrote that the Pound should move forward on
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 – February 25th 2009
Today’s main event is the Existing Home Sales in the US. British Revised GDP didn’t surprise. Also note Bernanke’s testament. Big price action is seen in the Japanese Yen: USD/JPY is at 97, a price not seen for a long time. Are Carry Trades returning? The day began with Australian data, which was good. Australia continues to be
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