S & P500 index is inside a giant “wedge”: the resistance trend line is at the level of 1113, support the trend line – in 1058.
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Posts Tagged ‘Gdp’
Corporate reports coming week will support the stock market
Posted by maradona on October 26th, 2009
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Sterling halted its recent rally and is slipping back sharply against the kiwi as UK GDP figure disappoints
Posted by Forex News Resource on October 26th, 2009
The pound was broadly sold on Friday following a weak GDP figure, losing three cents to the kiwi dollar, to close back down at 2.1607.
Aussie made significant gains at the end of last week and is continuing to advance this morning
Posted by Forex News Resource on October 26th, 2009
In trading on Friday, the pound slipped back from two-week highs around the 1.8000 level against the aussie as a weak GDP figure dulled demand for the UK currency.
- A report showed that the UK failed to exit the recession in the third quarter of this year, giving the central bank more reason to keep enacting emergency measures to spur growth.
Sterling fell back significantly against the dollar on Friday, as GDP figure disappoints the market
Posted by Forex News Resource on October 26th, 2009
Sterling lost three cents (1.9%) to the dollar, as a weak UK quarterly GDP figure abruptly halted the pound’s recent rally.
- The greenback gained the most daily value against the pound in a month as the UK’s economy unexpectedly contracted in the third quarter, giving the Bank of England more reason to expand emergency measures to spur growth.
UK economy contracted by 0.4%, which has and will continue to weigh heavily on sterling
Posted by Forex News Resource on October 26th, 2009
In an uncertain day for the UK economy, the pound lost as much as 2.0% to the euro on Friday, sharply reversing its recent rally to close down at 1.0862.
- Data revealed that the UK economy unexpectedly contracted by 0.4% between July and September this year, confirming that the UK is still in recession.
The current account deficit of balance of payments euro-zone 1.3 billion euros in August
Posted by maradona on October 22nd, 2009
In August this year the current account deficit of balance of payments euro-zone seasonally adjusted amounted to 1.3 billion euros (equivalent to a deficit of 5.0 billion euros excluding seasonal and calendar factors), said the European Central Bank. Previous value of the index revised downward – with seasonal and calendar factors balance of payments surplus amounted to 3.7 billion euros (previously reported surplus of 6.6 billion euros).
On an annual basis, taking into account factors consecutive current account deficit balance for August was 106.5 billion euros (about 1,2% of GDP), compared with a deficit of 56.1 billion euros a year earlier.
The total inflow of foreign direct and portfolio investment in the euro area without taking into account seasonal variations in composition for August 57 billion euros, compared with 18 billion euros in July.
On an annual basis, taking into account factors consecutive current account deficit balance for August was 106.5 billion euros (about 1,2% of GDP), compared with a deficit of 56.1 billion euros a year earlier.
The total inflow of foreign direct and portfolio investment in the euro area without taking into account seasonal variations in composition for August 57 billion euros, compared with 18 billion euros in July.
Pound continued to climb against the aussie yesterday as confidence in the UK economy improved
Posted by Forex News Resource on October 22nd, 2009
A broadly stronger pound hit a two-week high against the aussie, briefly rising over 1.8000, as confidence in the UK economy gained momentum.
- Sterling jumped following the minutes from the Bank of England’s latest policy meeting, which dampened expectations of an extension to quantitative easing.
The pound posted a one cent gain against the euro yesterday, buoyed by the MPC minutes
Posted by Forex News Resource on October 22nd, 2009
Sterling reached a one-month high against the single currency, rallying strongly as the BoE’s latest policy meeting made no mention of further QE.
- The MPC minutes gave substantial support to the pound, which advanced 1.1% to reach a high of 1.1112, after they sounded a more positive tone than recent statements from policymakers suggested.
For Britain – low interest rates and the weakening pound
Posted by maradona on October 14th, 2009
With the advent of a more precise plan of the Conservative Party of Great Britain and slightly more predictable state of the economy of this country, it becomes possible to make assumptions about the future situation.
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Factors Influencing the Forex Market
Posted by Tushar Mathur on October 10th, 2009
A lot of people like the participants of the currency markets, economists and experts of the Central bank have been trying to understand and identify, what factors exactly drive the highs and the lows of the Forex market.
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Sterling posted gains vs the single currency, with the market forecasting no change in MPC policy
Posted by Forex News Resource on October 8th, 2009
Having hit a fresh six-month low against the single currency in early trading , the pound rebounded yesterday, to close up half a cent at 1.0864.
Data revealed a growing confidence among New Zealand businesses, which has driven the pound down further
Posted by Forex News Resource on October 1st, 2009
The pound reverted back to its downward trend against the kiwi in trading yesterday, losing 0.8% to close the day near last week’s lows at 2.2163.
Weak US data yesterday afternoon strengthened dollar appeal, trimming sterling’s gains
Posted by Forex News Resource on October 1st, 2009
A mixed bag of data in the US prevented the pound from sustaining early gains yesterday, eventually closing just 0.1% up on the day at $1.5980.
Sterling made gains against the kiwi yesterday, but rising risk appetite has supported kiwi advances today
Posted by Forex News Resource on September 30th, 2009
Evidence that the UK economic recovery is strengthening enabled sterling to reverse a five day slide against the kiwi, closing up at 2.2341.
Positve UK data enabled the pound to reverse losses against the aussie yesterday
Posted by Forex News Resource on September 30th, 2009
The pound reversed recent losses to gain 0.75% on the aussie yesterday in the wake of some positive economic data, which spurred investor demand.
- A GDP revision showed that British output contracted 0.6% in the second quarter compared with activity in the first three months of 2009, better than the previous estimate of -0.7%, according to the Office for National Statistics
- This data was supported by higher realised sales and an increase in net lending to individuals, which, together, underlined hopes that the UK should pull out of recession in the 3 rd quarter.
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