Post Tagged with: "RPI"
Forex Daily Outlook January 17 2012
CPI in the UK and ZEW Economic Sentiment in Europe are the main events lined up. Let’s see what awaits us today. In the US, Empire State Manufacturing Index, monthly survey to value the general business conditions, rise is predicted from 9.5 points on December up to 10.7 now. In Canada, Bank of Canada (BOC)
GBP/USD Outlook Jan. 16-20
GBP/USD was down this week, falling almost 200 pips, before recovering somewhat to end the week at the 1.53 level. The upcoming week is a busy one, with seven releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. British QE expansion is likely in February, and more and more QE means
British Inflation Ticks Down to 4.8%
Headline CPI in the UK ticked down from 5% to 4.8%, exactly as expected. This is still far off from the official target of around 2%, but the BOE sees a big downfall coming in 2012. Core CPI dropped from 3.4% to 3.2%, a bit lower than 3.3% that was predicted. On the other hand,
British Inflation at 5%
The Consumer Price Index in the UK slid from 5.2% to 5%, a bit under 5.2% that was expected. The Retail Price Index (RPI) dropped from 5.6% to 5.4%, also below a drop to 5.5% that was expected. On the other hand, Core CPI ticked up from 3.3% to 3.4%. GBP/USD is bouncing higher following
Forex Daily Outlook November 15 2011
PPI in the US and CPI in the UK are the main events lined up. Let’s see what awaits us today. In the US, Producer Price Index (PPI), important consumer inflation sign that value the producer’s goods and services prices, about to reduce from 0.8% on October down to -0.1%, and the Core PPI (not including energy
GBP/USD Outlook November 14-18
The British pound suffered from the European debt crisis, but an amazing comeback eventually sent it to a higher close. A very busy is ahead with inflation and employment figures in the limelight. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. Britain’s trade deficit leaped to almost 10 billion and
GBP/USD Falls as Higher British Inflation Adds to Misery
British inflation jumped above the 5% level: headline CPI jumped to 5.2%. A rise to 4.9% was expected from last month’s 4.5%. Also the other inflation figures came out stronger than expected. The report comes shortly after the decision to embark on fresh quantitative easing and makes decisions more complicated for policymakers. GBP/USD falls. As
Forex Daily Outlook – October 18 2011
Fed Chairman Bernanke Speaks in the US and CPI in the UK are the main events lined up. Let’s see what awaits us today. In the US, Ben Bernanke, Federal Reserve (Fed) Chairman, is expected to lecturer in Boston. Later in the US, Treasury International Capital (TIC) Long-Term Purchases, value the difference between foreign &
GBP/USD Outlook – October 17-21
The British pound reached higher ground, although the ride was very bumpy. The upcoming week provides a view into the decision on QE2, inflation figures and more. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. While the rise in jobless claims was smaller than expected, the unemployment situation remains very
GBP/USD Bounces from 8 Month Low As Inflation Remains Firm
Headline British CPI rose to an annual pace of 4.5%, exactly as expected. GBP/USD now manages to escape from 8 month lows it dropped to prior to the release. While this may delay the next QE move, not all is rosy in Britain. British trade balance disappointed with a large deficit of 8.9 billion. Core CPI