Post Tagged with: "Services PMI"
British Services Squeeze – Pound Falls
According to the purchasing managers’ index (PMI), the services sector contracted – the score is under the critical 50 point mark separating contraction and economic expansion. Early expectations stood on a score of 52.9 points, very close to last month’s 53 points – both on the growth side. The score of 49.7 is therefore a big disappointment.
Forex Daily Outlook – January 6 2011
Unemployment Claims in the US and Halifax HPI in the UK are some of the highlights on our outlook .Let’s see what awaits us today. In the US, Unemployment Claims, number of individuals who filed for unemployment insurance for the first time during the past week; is about to rise by 12K. an important signal
GBP/USD Struggles With Resistance After Services PMI
The purchasing managers’ index for the services sector came out within expectations – 53 points. This helped cable move forward, but it’s still struggling with the mighty 1.5650 line, that capped it throughout the week. The British pound has been enjoying the improvement in Europe – the hopes of a real resolution to the debt
Forex Daily Outlook – December 3 2010
US and Canada Employment data and US ISM Non-Manufacturing PMI are the main market movers closing another trading week. Let’s see what awaits us today. In the US, Unemployment Rate, total work force that is unemployed and actively seeking employment during the previous month is due to be 9.6% similar to the previous month. Important
GBP/USD Outlook – Nov. 29 – Dec. 3
Avery busy week expects cable traders, with many important PMI figures standing out. Will the pound continue falling? Here’s an outlook for the British events and an updated technical analysis for GBP/USD, now below important support. GBP/USD daily chart with support and resistance lines marked. Click to enlarge: The crisis in Ireland reached its neighbor
EUR/USD Outlook – November 22-26
Apart from the ongoing Irish crisis, a very busy week expects Euro/Dollar traders, with no less than 11 events. Here’s an outlook for the European events, and an updated technical analysis for the volatile EUR/USD. EUR/USD chart with support and resistance lines on it. Click to enlarge: Things seemed quite bad for the Euro early
Forex Daily Outlook – November 3 2010
Very exciting events await us today, FOMC Statement in the US, Halifax HPI in UK and much more. Let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC) that is scheduled 8 times per year discusses the economic outlook and offers clues on the outcome of future votes and contains the
GBP/USD Outlook – November 1-5
A busy week expects pound traders, with the rate decision being the key event. Here’s an outlook for British events, and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines on it. Click to enlarge: The first release of GDP for Q3 was very good – 0.8%, double the expectations.
Forex Daily Outlook – October 5 2010
U.S. ISM Non-Manufacturing PMI, Euro Zone and British PMI as well as Japan’s rate decision are at the top of the list today. Here is an outlook on the market moving events ahead. In the US, ISM Non-Manufacturing PMI made a disappointing drop from 54.3 to 51.5 points, getting near to the 50 point mark
GBP/USD Outlook – October 4-8
A busy week expects Pound traders, as many important indicators are released. The rate decision is the main event. Here’s an outlook for the British events, and an updated technical analysis of GBP/USD. GBP/USD daily chart with support and resistance lines marked. Click to enlarge: The Pound lagged behind other currencies in the past week,