- Monday, 21 March 2016
- Daily Technical Analysis
GBP/USD Daily Forecast - 22 March
Sterling was pushed lower in the course of the yesterday's session breaking below 1.44 handle. This is just an extension of Friday's pullback. Focus of tomorrow's session will be on UK CPI figures. Weaker than expected data would push pair back to 1.43 handle, while better than forecasted figures would cause rise towards 1.45 handle, where we can expect significant amount of resistance. Read more...
- Monday, 21 March 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 22 March
From the UK, yesterday, CBI Industrial Orders Expectations figures were released. According to the latest CBI survey 20% of firms reported total order books to be above normal, and 34% said they were below normal, giving a balance of -14%, in line with market forecasts. This was just above average (-15%), and similar to January (-15%) and February (-17%). Rain Newton-Smith, CBI Director of Economics, said: “March has been a mixed month for the UK’s manufacturers. Whilst total order and export books remained steady, a drop in output reflected some volatility in the food and drink sector. Reassuringly, manufacturers expect a swift turnaround in activity.” Read more...
- Monday, 21 March 2016
- News
CBI Industrial Orders Expectations survey showed balance of -14%
- Friday, 18 March 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast - 21 March
There were no data releases from the UK on Friday. Markets are still being influenced by UK job figures and recent BoE stanzas regarding monetary policy. UK labour market figures showing a meagre rise in wages and the bleak assessment of the outlook for the UK from the Office for Budget Responsibility as revealed by the Chancellor George Osborne are kept in mind by policymakers. Most economists now predict interest rates will not rise until 2017, although some have suggested the Bank could instead cut them further at some point amid worsening economic conditions at home and in the rest of the world as markets continue to be in turbulence and oil price to fall.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
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.
Menu
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.