We start the week with interesting development in US Treasury International Capital (TIC) Long-Term Purchases, Rightmove HPI in Great Britain, some interesting development regarding the Prelim GDP in Japan and more updates; let’s see what awaits us today. In the US, Treasury International Capital (TIC) Long-Term Purchases is about to rise by 0.9B. This data represents the balance of domestic and …  Read More →

Starting the week with a few highlights, Jean-Claude Trichet testifies in Brussels, UK’s earliest report on House Price Index is released and in Japan All Industries Activity is changing. Let’s see what’s up for today. In Europe with Jean-Claude Trichet, European Central Bank (ECB) President, testifying on Economic and Monetary Affairs before the European Parliament, in Brussels; and as head of …  Read More →

The emergency budget that the new government will bring to parliament is the main event for the upcoming week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with resistance and support lines on it. Click to enlarge: The past week saw positive news from Britain: unemployment made a nice drop and retail sales jumped . Inflation didn’t exceed expectations but remained high, keeping... 

We start the week with a significant rise in TIC Long-Term Purchases in the US continues in Swiss SNB Chairman Hildebrand Speech, Let’s see the other interesting news up for today Treasury International Capital (TIC) Long-Term Purchases released monthly represents the balance of domestic and foreign investment is rising up to 50.5 Billion from 47.1 Billion. In the US, Empire State Manufacturing Index, released monthly, is measuring the level... 

A busy week expects cable traders: inflation and retail sales will stand out among the many events. Here’s an outlook for the events that will rock the Pound and an updated technical analysis for GBP/USD, now at lower ground. GBP/USD graph with support and resistance lines on it. Click to enlarge: Yet another improvement was seen in the British job market,a positive legacy of Brown’s government. Also other economic indicators shined,... 

The week begins without too many events, but a speech from Ben Bernanke will stand out. Let’s see what’s on the menu today. Federal Reserve Chairman Ben Bernanke, head of the central bank in the US, delivers  opening remarks at the Financial Literacy and Education Summit, in Chicago, via satellite. He can move the currency. In the US, the Conference Board (CB) is expected to rise from 0.1% to 1.0% due to change in the level of a... 

The Pound fell in the past volatile week. The upcoming week contains inflation figures and the budget release among other indicators. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines marked. Click to enlarge: Britain enjoyed a significantly smaller number of unemployed people . At first it seemed that this surprising figure will send the Pound beyond... 

The Pound enjoyed the dollar’s weakness to rise this week, but still under important resistance levels. The upcoming week consists of important employment figures among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: Mervyn King didn’t make public appearances this week. This could explain the Pound’s... 

The week starts with a strong note, with Japanese GDP. And there are a few more events to watch out for. Here’s the daily outlook. EUR/USD made a swing move downwards on Friday but closed above 1.3580. Where will it go this week? Check out my EUR/USD forecast for the events that will move the Euro, and follow Casey Stubbs for fresh technical analysis. Le’s start the review: The day starts early, …  Read More →

The upcoming week is very busy for cable traders. Inflation, employment and retail sales are among the many events. Here’s an outlook for this week’s data and an updated technical analysis for GBP/USD. GBP/USD  graph with resistance and support lines marked. Click to enlarge: One of the things that hurt the Pound this week was the NIESR GDP estimate aligned with the official GDP release for Q4 and pointed to very weak growth. The... 

The week starts slowly with a holiday in the US for Martin Luther King’s day. We have a few indicators elsewhere before the market returns to full gear. Here’s the outlook. While the market’s volume is low due to an American holiday, another issue troubles American dealers – the CFTC 1:10 leverage limit – something that will significantly hurt the American forex industry. The first Australia’s MI Inflation Gauge....