Post Tagged with: "Services PMI"
British Economy Doing Better Than Expected, But Pound Printing Still Coming
Purchasing managers’ indices in the UK were generally better than expected and pointed to growth in January. The chances of an official recession are now lower. Nevertheless, even if Britain escapes another quarter of contraction, the QE train seems unstoppable. The numbers The most important sector is services, which was the last to be released.
Forex Daily Outlook February 3 2012
We summarize this week Unemployment Rate in the UK and Services PMI in the US are the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Unemployment Rate, measures total work unemployed force (by percentage) that looking for jobs during the last month. More in the US, The
GBP/USD Outlook January 30 – February 3
The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will
British Services Sector Moves Up – Pound Unexcited
British Services PMI exceeded expectations and rose to 54 points, indicating stronger growth. Will Britain escape a recession? GBP/USD is still under the weight of European troubles and doesn’t really move up on this good figure. Earlier in the week, the British manufacturing sector managed to slow its contraction and rise nicely. Also Britain’s construction
Forex Daily Outlook January 5 2012
ADP Non-Farm Employment Change in the US and Ivey PMI in Canada are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly report that is important for monetary health, value new unemployment insurances over the last week, decrement is due from 381K down to 375K now. More in the
GBP/USD Outlook January 2-6
GBP/USD surpised the markets with some unexpected movement during the holiday week. The pair broke the 1.57 resistance line (discussed last week), then dipped sharply to 1.5361, before recovering to close the week at 1.5527. There are five releases in the upcoming week, as the markets are back in action. Here is an outlook for the upcoming events, and an updated
Forex Daily Outlook December 5 2011
We start the week with some interesting events like ISM Non-Manufacturing PMI in the US and Services PMI in the UK as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, The Institute for Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI); Monthly Survey to value the business conditions
GBP/USD Outlook December 5-9
The British pound enjoyed the optimism that came from the coordinated central bank action. Will it break even higher? The upcoming week is very busy, with the rate decision being the highlight. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The housing sector is relatively stable: this was seen in
3 Reasons for the Drop in EUR/USD
Euro/dollar is on the fall. The initial reaction to the mixed Non-Farm Payrolls was a move higher, but this was limited and was followed with a slide. The move then accelerated and EUR/USD already lost one support liine. Here are three reasons for the downfall: A bright side in the Non-Farm Payrolls report: The report
UK Services PMI Slides More Than Expected
Britain’s services sector has slowed down in October according to the fresh purchasing managers’ index: the score dropped from 52.9 to 51.3, more than a drop to 51.9 that was expected. The impact on GBP/USD is minimal, as this surprise isn’t so dramatic. Britain’s construction sector provided an upside surprise by jumping to 53.9 points,