wrapper

GBP/USD Daily Forecast - 11 December

Wednesday, Dec 10 2014

Yesterday, from the UK, Trade Balance figures were released. Seasonally adjusted, the UK deficit on trade in goods and services was estimated to have been £2.0 billion in October 2014, compared with £2.8 billion in September 2014. This reflects a deficit of £9.6 billion on goods, which was in line with market forecasts, partly offset by an estimated surplus of £7.6 billion on services.

 

 

Sterling aimed higher as USD came under pressure due to global concerns. In Greece we could be seeing parliamentary vote for the president as soon as next week, moved from February 2015. On the other hand, Chinese government announced on Tuesday that it is ready to set new restrictions on debt markets. This is just another sign that China is going through much slower growth than it was initially expected.

 

As for tomorrow, we can expect a steadier European part of the session as there will be no major data releases from the UK. In the US session Retail Sales and Unemployment Claims data is scheduled for a release. Analysts are predicting 0.4% incline in Retail Sales and 0.1% growth in Core Retail Sales. Number of Unemployment Claims should increase to 299,000.

 

Figures to watch:

 

Retail Sales (Thursday 14:30)

Unemployment Claims (Thursday 14:30)

More in this category: « AUD/USD Daily Forecast - 11 December EUR/USD Daily Forecast - 11 December »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.