USD/JPY continued moving upwards, riding on some improvement in the US and mostly on the high hopes for a very big QE program from the BOJ this week. So. the rate decision is the highlight of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. In the US, GDP growth came…
Posts Tagged ‘ Retail Sales ’
Forex Daily Outlook October 23 2012
In the UK BOE Gov King Speaks and Retail Sales in Canada are the main events lined up. Let’s see what awaits us today. In the US, Richmond Manufacturing Index, Monthly Manufacturers’ Survey in Richmond area to rate the business conditions such as shipments, new orders and employment, 3 points are expected from 4 points…
USD/CAD Outlook October 22-26
The Canadian dollar suffered from a more downbeat tone from the central bank and lost ground to the US dollar. Will parity be reached soon? Many important events are scheduled for this week: The rate decision, retail sales and BOC monetary policy report Here is an outlook on the major market-movers and an updated technical…
UK Retail Sales Rise 0.6% – More Good News
The volume of retail sales in the UK rose by 0.6% in September, exceeding expectations for a rise of 0.4%. In addition, this rise came on top of an upwards revision to August’s figure: -0.1% from -0.2% originally reported. GBP/USD stopped its gradual drop that was seen beforehand, and is now at 1.6150, in the…
Forex Daily Outlook October 18 2012
Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, weekly indicator to value the individuals that filed for unemployment insurance for the first time, 367K is due this week from 339K on the last report. Read the rest…
Euro’s Rally Stalls
EUR/USD fell today after two sessions of gains as the situation with Spain remained uncertain. Poor economic data from China added to the negative sentiment on the Forex market. US retail sales were higher than expected, but the manufacturing index was not as good as analysts have predicted. Retail sales…
GBP/USD Outlook October 15-19
GBP/USD weakened as it dropped below the 1.60 line this week, but recovered to close at 1.6062. This week has eight events, including several key releases. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD. UK numbers did not impress last week, as Trade Balance and Manufacturing Production were sluggish and fell…