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Tag Archive | "GDP"

Factors to Affect the Trading of the British Pound


Economic events which have a major impact on trading of the British Pound for the week ending March 2nd, 2012 are as under:

On Monday, in United States, data on pending home sales and manufacturing activity in Dallas by US Federal Reserve was released. In United Kingdom, Hometrack Housing Survey was published.

On Tuesday, in United States data on durable goods orders and consumer confidence was reported. Moreover S&P/Case-Shiller US home price index and Richmond Federal Reserve’s Manufacturing index were also released in US. In United Kingdom, data on house prices was released while Switzerland reported its UBS consumption indicator.

On Wednesday, in United States, data on crude oil inventories, Chicago’s purchasing manager index, MBA mortgage applications, gross domestic product, personal consumption and personal consumption expenditure is to be reported. Moreover, US Federal Reserve’s Chairman Ben Bernanke will address at a public event which will be closely watched to assess the future direction of the monetary policy.

In United Kingdom data on M4 money supply is to be released along with data on mortgage approvals and net consumer credit.

On Thursday, in United States, data on personal consumption expenditure, jobless claims, personal spending, continuing claims and personal income will be published. US Federal Reserve will also publish its beige book on Thursday. United Kingdom is expected to publish its data on purchasing manager index for manufacturing sector.

On Friday, in United States, US Federal Reserve’s official Bullard and Williams will separately address at public events which will be closely watched. United Kingdom will report its data on purchasing manager index for construction.

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Weekly Outlook for EUR/USD


Major factors to impact the trading of the pair EUR/USD for the week ending March 2nd, 2012 are as follows:

On Monday, euro zone reported data on producer prices in France along with data on Italian business confidence. Data on M3 money supply was also published in euro zone. In United States, data on pending home sales and manufacturing activity in Dallas by US Federal Reserve was released.

On Tuesday, January 28th, data on German consumer confidence and consumer price index was reported. Moreover reports on business climate, consumer confidence, economic confidence, industrial confidence and services confidence were also published in euro zone. In United States data on durable goods orders and consumer confidence was reported. Moreover S&P/Case-Shiller US home price index and Richmond Federal Reserve’s Manufacturing index were also released in US.

On Wednesday, data on Germany’s import price index, unemployment change, unemployment rate and consumer price index will be reported in euro zone. Further separate report on consumer price index was published in euro zone.

In United States, data on crude oil inventories, Chicago’s purchasing manager index, MBA mortgage applications, gross domestic product, personal consumption and personal consumption expenditure is to be reported. Moreover, US Federal Reserve’s Chairman Ben Bernanke will address at a public event which will be closely watched to assess the future direction of the monetary policy.

On Thursday, in euro zone, Italy, France and Germany will publish their purchasing manager index for manufacturing sector. Italy will also report its budget balance and unemployment rate while euro zone will release its separate data on unemployment rate and purchasing managers’ index.

In United States, data on personal consumption expenditure, jobless claims, personal spending, continuing claims and personal income will be published. US Federal Reserve will also publish its beige book on Thursday.

On Friday, euro zone will report its data on producer price index while Germany will report its data on retail sales. Italy is expected to release data on its deficit to GDP along with annual Gross Domestic Figure.

In United States, US Federal Reserve’s official Bullard and Williams will separately address at public events which will be closely watched. United Kingdom will report its data on purchasing manager index for construction.

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Weekly Outlook for British Pound


On Tuesday, in United Kingdom, official data on public sector net borrowing was reported while Bank of England’s Governor, Mervyn King addressed at a public event.

On Wednesday, in United Kingdom, data on GDP was released along with industry data on mortgage approvals and industrial order expectations. Bank of England also published minutes of its latest monetary policy meeting.

In United States, industry data on pending home sales and crude oil inventories was released while US Federal Reserve released its federal funds rate and official rate statement.

On Thursday in forex news, United States will release its official data on durable goods, unemployment claims and new home sales while industry data on realized sales is expected in United Kingdom.

On Friday, in United States, official data on GDP for the fourth quarter will be published while University of Michigan will release its revised data on consumer sentiment and inflation expectations.

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Weekly Outlook for Euro


On Tuesday, preliminary data on manufacturing and service sector activity was published in euro zone while Germany and France published their individual reports on the respective sectors. Data on industrial new orders was published in euro zone while in Switzerland, UBS consumption indicator was released.

On Wednesday, in euro zone, report on German business climate was released by Ifo Institute. European Central Bank’s President Mario Draghi spoke at a public event. In United States, industry data on pending home sales and crude oil inventories was released while US Federal Reserve released its federal funds rate and official rate statement.

On Thursday, United States will release its official data on durable goods, unemployment claims and new home sales while in euro zone, report on German consumer climate by Gfk market researchers will be released. Industry data on realized sales is expected in United Kingdom. Market in Australia will remain close in observance of a national holiday.

On Friday, ECB will release its report on M3 money supply in euro zone while Switzerland will report its KOF economic barometer. In United States, official data on GDP for the fourth quarter will be published while University of Michigan will release its revised data on consumer sentiment and inflation expectations.

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Factors to Affect the Trading of British Pound


Major economic happenings to affect the trading of British Pound for the week ending December 23rd, 2011 are as follows:

On Monday December 19th, 2011, United Kingdom reported its industry data on house price inflation while Bank of England published its quarterly bulletin.

On Tuesday, December 20th, United States is expected to report its government data on building permits and a report on housing starts. In United Kingdom, reports consumer confidence and industry data on sales was published.

On Wednesday, December 21st, United States will report industry data on existing home sales along with data on crude oil inventories, and treasury currency report.

In United Kingdom, Bank of England will release the minutes of its latest policy meeting which will be closely watched to assess the future direction of the monetary policy. The central bank will also report data on public sector net borrowing.

On Thursday December 22nd, 2011, government data on current account and revised figure for third quarter’s GDP growth will be reported in United Kingdom. In United States, several reports will be published which will include initial jobless claims, revised data on 3rd quarter’s GDP and data on consumer sentiment & inflation expectations by University of Michigan.

On Friday, December 23rd, 2011, United Kingdom reported its data on mortgage approvals while in United States, official data on durable goods orders along with data on personal spending income, personal spending and new home sales was reported.

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Major Events to Affect the Trading of British Pound & US Dollar


Major economic events that have significant affect on the trading of the British Pound and US dollar for the week ending December 9th are as follows:

On Monday December 5th, 2011, United States reported its official data on factory orders while Institute of Supply Management released its report on service sector activity.

On Tuesday, December 6th, 2011, official data on retail sales will be published in United Kingdom.

On Wednesday, December 7th, 2011, United Kingdom will report its official data on manufacturing and industrial production while the National Institute of Economic and Social Research will report its quarterly GDP estimate for UK. In United States, official data on crude oil inventories will be reported.

On Thursday, December 8th, 2011, United States will publish its weekly report on initial jobless claims while in United Kingdom, Bank of England is expected to announce its benchmark interest rate.

On Friday, December 9th, 2011, United Kingdom will report its official data on producer price inflation along with figure on the country’s trade balance. In United States, several reports will be published which include, data on trade balance and University of Michigan’s data on country’s inflation expectations and consumer sentiment.

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