Post Tagged with: "Services PMI"
Forex Daily Outlook – November 3 2011
ISM Non-Manufacturing PMI in the US and Services PMI in the UK are the main events lined up. Let’s see what awaits us today. G20 Meetings (Day 1), the Group of Twenty (G20) is an important global policy-making figure effective at the uppermost level, which impact the cash markets. In the US, Unemployment Claims, measures
GBP/USD Outlook – Oct. 31 – Nov. 4
The British pound shared the fate of the euro, and enjoyed a very strong ride. The upcoming week is very busy, with the first release of Q3 GDP being the highlight. Here’s an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The pound also enjoyed a relatively small current account deficit. This provided
Forex Daily Outlook – October 5 2011
ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI in the US as well as key releases in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, monthly indicator of Job creation and affects the consumer spending, is
GBP/USD Outlook – September 5-9
Continuing last week’s reversal the British pound fell further against the dollar this week. This week is very busy, with the rate decision in the limelight. Here is an outlook for this week’s events, and an updated technical analysis for GBP/USD. Sterling lost ground as the UK reported a lower August manfacturing PMI and a
UK Services PMI Weakens – Pound Holds On
Britain’s services sector has significantly slowed down in August. The purchasing managers’ index dropped to 51.1 points, not too far from the contraction zone. GBP/USD manages to hold on to support for now. Early expectations stood on a slide from 55.4 to 54.3 points, similar to figures seen in previous months. This disappointment is the
Forex Daily Outlook – September 5 2011
We start the week with Services PMI in the UK and more. Let’s see what awaits us today. In Europe, Retail Sales, key gauge for consumer spending and affected the overall economic activity; about to reduce from 0.7% on August to 0.1% now. More in Europe, Final Services Purchasing Managers’ Index (PMI), due to remain
GBP/USD Breaks Higher on Better Services PMI
Finally some good news from Britain: the services sector, which is the most important one, has shown significant signs of growth in July, with Services PMI jumping to 55.4 points. This is much higher than 55.3 that was expected. GBP/USD breaks higher. Pound/dollar is now trading at 1.6363, up from resistance at around 1.63 before the
Forex Daily Outlook – August 3 2011
ADP Non-Farm Employment Change in the US and Services PMI in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change (excluding b small industry and government), about to reduce from 157K to 102K is expected this time.
GBP/USD Outlook – August 1-5
A very busy week awaits cable traders. Every day provides a major economic indicator to rock the pound. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. The British economy continued growing in Q2, by 0.2%. This slow growth rate was cheered by the pound, due to fears that
EUR/USD July 5 – Sliding in Range on Weak Data, Greek Complications
Euro dollar eases to support on weak retail sales, weak services PMI and complications regarding the second bailout program for Greece. Is it just drifting in the range? Or is breakdown around the corner? As US traders return from their holiday, the market is set for more action. Here’s a quick update on technicals, fundamentals