EUR and GBP Volatile Before Rate Statements
November 5, 2009 12:32 pm by Greg HoldenFollowing yesterday's statements from the Federal Reserve, many of our traders seem to now be anticipating a sell-off of Euros and Pounds prior to the central bank statements from both governments later today. These interest rate statements are not expected ...
U.S. Factory Orders to Dominate Today’s Trading
November 3, 2009 9:45 am by Dan Eduard09:30 GMT GBP – Construction PMI •The indicator measures the level of a diffusion index based on surveyed purchasing managers in the construction industry. •There is expected to be high volatility on the publication of the above data. •Traders should pay close attention ...
Pound Jumps Despite Dismal Inflation Figures
October 13, 2009 9:12 pm by Dan EduardThe British Consumer Price Index (CPI) figures showed that prices in Britain rose by 1.1% in September, compared with the same time a last year. This was below the forecasted 1.3% increase by top analysts. This was the smallest price ...
Bank of England Decision Pushes GBP Higher
October 8, 2009 5:18 pm by Dan EduardThe British currency was pushed higher today by the decision of the Bank of England's (BoE) Monetary Policy Committee (MPC) to keep the British Interest Rates at 0.5%. Despite the Euro-Zone also keeping their rates unchanged, traders inferred from this ...
British Consumer Confidence Rises to a 1-and-a-half Year High
October 7, 2009 1:13 pm by Dan EduardBritish Consumer Confidence rose to its highest level since April 2008, according to a survey released last night. The Nationwide Consumer Confidence release showed that the indicator rose to 71 from the previous figure of 68. This lent some support ...
GBP Tumbles on Publication of Poor Manufacturing Data
October 6, 2009 3:55 pm by Dan EduardAccording to the Office of National Statistics, British Manufacturing Production dropped to its lowest level since 1992, as the Index of Manufacturing fell to 87.8. This was much unexpected, and shows that the British economy is finding it very difficult ...
British Pound Weekly Prediction
October 5, 2009 3:40 pm by Dan EduardThis week is going to be a very exciting one for the British Pound. We are still just at the beginning of the month, therefore the upcoming economic news from both Britain and the leading economies is set to be ...
GBP Campaign Comes to An End!
October 2, 2009 11:17 am by Dan EduardAfter successfully running the GBP CAMPAIGN for 2 months now, we at ForexYard have decided to conclude the campaign with this last article. Over the past 2 months of August and September, I have spoken about a number of macroeconomic ...
GBP Goes Higher as Friday’s Trading Approaches
October 1, 2009 4:20 pm by Dan EduardThe GBP seems to be gaining strength today, as we see Friday's trading approaching. This seems to be occurring despite the recent pessimistic manufacturing data from the leading economies. However, the U.S. recently published positive Personal Spending and Personal Income ...
Pound Tumbles to a 5-Month Low vs. the EUR
September 24, 2009 2:36 pm by Dan EduardThe Pound Sterling Slid to a 5-month low against the EUR today on the back of pessimistic comments made by Governor of the Bank of England (BoE) Mervyn King. To sum up, he stated that it was more beneficial for ...
