The US dollar is suffering from losses across the board. Out of the three currencies that I’ve covered, only the Canadian dollar stayed behind. The Pound and the Aussie continued enjoyed the dollar’s fall. Here’s an overview of the week so far, and an outlook towards the data-rich Thursday and Friday. British Pound Original coverage: … “Loonie Stays Behind – Mid Week Overview”
Category: Opinions
British Pound Continues North
Friday’s Nationwide HPI supplied more fuel for the Pound, which is now aiming for 1.62. All in all, it was a succesful week for the British Pound, which sees major resistance at 1.67. A roundup of this last week of May. British Indicators Earlier this week, indicators were negative, but the Pound didn’t always react … “British Pound Continues North”
Dollar Retreats On All Fronts – Week’s Roundup
The US dollar is beaten this Friday. It loses ground everywhere. This happened before the disappointing GDP figure, and also after them. Bad Friday for the greenback, yet again. A long term fall in the dollar is imminent. Economic Figures At the beginning of the week, I wrote about 6 key events, in my post: … “Dollar Retreats On All Fronts – Week’s Roundup”
Pound at Higher Ground – The Road North is Open
The British Pound made a push forward in it’s journey upwards, getting close to 1.61. As aforementioned, serious resistance appears only at 1.67 , so the road north is open. Review and Outlook… Last week, the British Pound broke strong resistance levels and closed above 1.59. This week’s scary news from North Korea ignited risk … “Pound at Higher Ground – The Road North is Open”
Contraction or Retraction? US Dollar Outlook
The US dollar collapsed last week against lots of currencies. This week, American figures stand out in the economic calendar, with Prelim GDP being the last and most important figure. Will American contraction squeeze? How will Consumer Confidence, Home Sales (Existing and New), Durable Goods Orders. and the GDP move dollar this week? Outlook for the beaten … “Contraction or Retraction? US Dollar Outlook”
Pound at New Ground – What’s Next?
GBP/USD broke a few resistance lines on the way up. It seems like the sky is the limit, but will it take a break? Nationwide HPI and CB Realized Sales are some of the key events for the Pound. Let’s see how this week unfold, and what technical levels await cable. GBP/USD had a rollercoaster week, … “Pound at New Ground – What’s Next?”
Canadian Dollar Wins Important Week
The Canadian dollar made huge gains against the US dollar this week. USD/CAD has a new direction – south. This happened on ok data in Canada, and the greenback’s weakness across the board. Here’s a roundup, and a look forward. As I wrote at the beginning of the week, it indeed was an important week … “Canadian Dollar Wins Important Week”
Pound Rollercoaster Roundup
This was one hell of a week for the British Pound. Different forces moved it up and down. Here’s a summary of this week’s events. What can we learn for next week? The British Pound got some expected and unexpected news this week. I’ve covered the event in my post Will Retail Sales and GDP Send … “Pound Rollercoaster Roundup”
Will Retail Sales and GDP Send the Pound Higher?
The Pound is trading in the highest levels for many months, near a major resistance line. There are 4 major indicators this week: CPI, MPC Meeting Minutes, Retail Sales and Revised GDP. Will they send the Pound to new highs? GBP/USD trades above 1.50 during the most of May. It destroyed the magical number of … “Will Retail Sales and GDP Send the Pound Higher?”
The Road To Recovery is Narrow
After a few long weeks of good news from the American economy, this week’s figures have given a blow to the hopes of recovery. What does this mean for the US dollar? Non-Farm Payrolls, the single top rated indicator, was better than expected, showing a fall of “only” 539K jobs in April. This was the … “The Road To Recovery is Narrow”