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Friday, 30 January 2015
News

US GDP grew less than expected

US GDP increased at an annual rate of 2.6% in the fourth quarter of 2014. Analysts were predicting bigger increase by 3.0%. The increase in real GDP in the fourth quarter reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment that were partly offset by a negative contribution from federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.
 
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Wednesday, 28 January 2015
News

Sterling little changed in a steadier European part of session

Despite weaker than expected GDP figures that showed only 0.5% growth in a fourth quarter, Sterling managed to rebound during the yesterday's session. This shows that Sterling is actually going through consolidation with a support around 1.50 handle and resistance near 1.53 area.
 
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Monday, 29 December 2014
Daily Fundamental Analysis

GBP/USD Daily Forecast - 30 December

There were no data releases from the UK yesterday, however Sterling still remains on the downside as low inflation in the UK has pushed back market expectations of an interest rate rise as far as 2016. Another factor that added to the concerns is that UK unemployment was unchanged at 6.0% in three months to November, while decline to 5.9% was expected. Final GDP reading showed 0.7% growth in third quarter, but BoE is announcing a possible slowdown at the end of the year.

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Friday, 26 December 2014
News

USD - Major events in the week ahead

Events that marked the week:

 

In the Monday's US session Existing Home Sales figures were released. Existing Home Sales fell 6.1% to a seasonally adjusted annual rate of 4.93 million in November from a downwardly-revised 5.25 million in October. Analysts were anticipating rate of 5.21 million. Sales dropped to their lowest annual pace since May (4.91 million) but are above year-over-year levels (up 2.1% from last November) for the second straight month.

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