Post Tagged with: "trade balance"
EUR/USD Feb.10 – Pressured by Sisyphean Greek Negotiations
Euro dollar is sliding a bit lower after another late night Greek drama. The level of distrust in Brussels is high: Greece is expected to pass tough austerity and commit to the terms also after the elections before getting any aid. At least the ECB has shown more flexibility to provide some help to Greece, in
Forex Daily Outlook February 10 2012
We summarize this week in the UK Fed Chairman Bernanke Speaks and PPI Input in the UK are some of the major events this day. Here is an outlook on the market-movers awaiting us. In the US, Ben Bernanke, Federal Reserve Chairman, is about to speak in Orlando Later in the US, Trade Balance, value
British Manufacturing Production Jumps, Trade Balance Deficit Shrinks
Manufacturing production in the UK dropped jumped by 1%. Early expectations stood on a rise of 0.3%. Trade balance was expected to remain almost unchanged, with the deficit moving down from 8.6 to 8.5 billion pounds. It squeezed to 7.1 billion. These are good news. GBP/USD ticks up. GBP/USD already relaxed from its highs above 1.59
Forex Daily Outlook February 9 2012
Unemployment Claims in the US and MPC Rate Statement in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance over the last week, is due to rise up from 367K to 390K. More in the US, Wholesale Inventories,
Forex Daily Outlook February 8 2012
In the US FOMC Member Williams Speaks and Housing Starts in Canada are the main events today. Here is an outlook on the market-movers awaiting us today. In the US, Crude Oil Inventories, the number of crude oil barrels in inventory over the last week, is about to remain 4.2M similar to the last week’s
EUR/USD Feb 7- Waiting in Range for more Greek Cuts
Euro dollar is steady in the middle of the range, as talks between Greek leaders are close to conclusion regarding the terms of the bailout. Greek politicians have little choice, but they want to improve their position before the elections. In the meantime, Germany and France want to segregate the bailout money in a separate account,
Forex Daily Outlook February 7 2012
In the US Fed Chairman Bernanke Testifies and Building Permits in Canada are the main events lined up, let’s see what awaits us today. In the US, Ben Bernanke, Federal Reserve Chairman, is due to testify in Washington DC. More in the US, Investor’s Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), Economic Optimism
GBP/USD Outlook Feb. 6-10 2012
The British pound rally against the dollar slowed this week, with the pound gaining slightly against the greenback, closing the week at the 1.58 level. The upcoming week has seven releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The Purchasing Managers’ indices in the UK were generally better than expected in January, and an official
USD/CAD Outlook February 6-10
The Canadian dollar had an excellent week, riding on good figures from the US rather than from its own data. After closing under parity, can the pair move further down? Ivey PMI and housing data are the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. Last week,
Forex Weekly Outlook February 6-10
A volatile week left the dollar in a better position, as QE3 and a solution for Greece are both very uncertain. Will the dollar reverse its previous losses now? Rate decisions in the euro-zone, the UK and Australia are the main market movers this week. Here is an outlook on what lies ahead. Last week