Forex Crunch » Spencer Dale

Forex Daily Outlook – September 21 2011

anat — Tue, 20 Sep 2011 21:00:43 +0000

US Existing Home Sales and FOMC Statement are the major market-movers. Here is an outlook on the important events lined up for us todat.

In the US, Federal Open Market Committee (FOMC) Statement, key tool used by the FOMC that affects the investors regarding the monetary policy & the financial outlook. And the Federal Funds Rate remains with no change from the previous months 2.5%.

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Forex Daily Outlook – March 24 2011

anat — Wed, 23 Mar 2011 23:00:14 +0000

Unemployment Claims in the US, Retail Sales in the UK and much more. Let’s see what awaits us today.

In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week is about to rise by 3K. Signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

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No New Votes for a Rate Hike – Pound Falls

Yohay — Wed, 23 Mar 2011 10:27:49 +0000

The latest meeting minutes of the MPC have shown that no new members voted for raising the interest rate. GBP/USD lost the gains it made beforehand and is now at support. Update on this volatile pair.

The MPC meeting minutes have shown the same result as last time – 6:3. Six members, including BOE governor Mervyn King voted for no change in Britain’s low interest rate – 0.50%. 3 members voted for raising it: the veteran hawk Andrew Sentance voted again for a hike of 0.50%, while Martin Weale and internal member Spencer Dale voted for raising the Official Bank Rate by 0.25%.

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Forex Daily Outlook – December 1 2010

anat — Tue, 30 Nov 2010 22:00:03 +0000

A very busy day ahead of us, ISM Manufacturing PMI in the US, Manufacturing PMI in the UK and more interesting events. .Let’s see what awaits us today.

In the US, ADP Non-Farm Employment Change, number of employed people during the previous month, excluding the farming industry and government is about to rise by 27K Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

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GBP/USD Outlook – Nov. 29 – Dec. 3

Yohay — Sat, 27 Nov 2010 22:00:09 +0000

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:

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Forex Daily Outlook – March 29th 2010

Yohay — Sun, 28 Mar 2010 19:00:27 +0000

The new week starts with American Personal Spending among other figures from all over the world. Will EUR/USD resume the downtrend? Let’s see what will move the markets today:

Japan starts the day with Retail Sales. Thy’re predicted to rise by 1.7% (annualized), slower than last month’s 2.3% figure. On the other side of the day, Japan’s Household Spending will probably rise by 1.5% (annually), slower than 1.7% last time.

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GBP/USD Outlook – March 29 – April 2

Yohay — Sat, 27 Mar 2010 14:03:22 +0000

The Pound finished the week lower. The upcoming week consists of the final GDP and 8 other moving events for the Pound. Here’s an outlook for the British events and an updated technical analysis for GBP/USD, as the Pound is closer to cliff.

GBP/USD chart with support and resistance lines marked. Click to enlarge:

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Forex Daily Outlook – March 12th 2010

Yohay — Thu, 11 Mar 2010 22:00:19 +0000

Two American figures will be in the limelight todya: retail sales and consumer sentiment. In addition, we have employment figures from Canada and other events. Let’s see what’s up for today.

Up to now, this week saw tight trading, especially in the major pairs. Only the Aussie stood out with a break, enjoying good employment figures among other reasons to rise. OK, let’s start the review:

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GBP/USD Outlook – March 8-12

Yohay — Sat, 06 Mar 2010 15:03:46 +0000

Mervyn King sure got a weaker Pound this week – it collapsed across the board. The upcoming week consists of 8 events that will move the Pound. Here’s an outlook for these events and updated technical analysis for GBP/USD in its lower ground.

GBP/USD graph with support and resistance lines on it. Click to enlarge:

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Exit Strategies Expose Pound Weakness

Yohay — Thu, 03 Dec 2009 18:09:57 +0000

Both the Federal Reserve and the ECB began moves to soften the stimulus actions – the start of an exit strategy out of the crisis. This doesn’t happen in Britain. Britain still suffers from a bad data – and this leaves the Pound behind – again.

In the monthly rate decision there was no surprise about the rate – European Minimum Bid Rate remained unchanged at 1%. The real news came in the press conference held by Jean-Claude Trichet:

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