FTSE 100 Index Declines on Disappointing Economic Outlook - November 16, 2011 23:57

UK’s FTSE 100 index fell on Wednesday’s trading session in reaction to Bank of England’s concerns over the UK’s economic outlook. In a recent statement BOE’s Governor, Mervyn King expressed his deep concerns over the country’s economic situation and commented, “U.K. growth over the next few quarters will be markedly weaker than in the August […]

Unemployment Rate Reaches its Record High in United Kingdom - November 16, 2011 23:51

Recession surrounds all over the globe and now United Kingdom reaches its record level since 1996 in terms of its unemployment rate. UK’s unemployment rate has increased to 8.3 percent for the quarter ending in September as compared to 8.1 percent for the three months ending in August. As per the latest report of U.K’s […]

Forex Weekly Outlook - November 7, 2011 23:38

Significant economic events around the globe that have affect on forex markets for the week ending November 11th, 2011 are as follows: Today in euro zone, report on investor confidence was released while in Germany, official data on retail sales and industrial production was reported. In United Kingdom, report on house price inflation was published. […]

Weekly Outlook for Forex - October 11, 2011 23:24

Major economic events that have significant affect on Forex markets for the week ending October 14th, 2011 are as follows: On Monday, October 10th, debt markets in Untied States remained closed in observance of the Columbus Day while stock markets remained opened as usual. Markets in Canada also remained closed due to Thanksgiving holiday. In […]

Weekly Outlook for Forex - August 2, 2011 23:59

Yesterday in euro zone official data on unemployment rate was published while United Kingdom reported its data on country’s manufacturing activity. In United States, Institute of Supply Management reported manufacturing activity index which fell to 50.9 against analysts’ projections of 55. On Tuesday August 2nd, 2011, United States reported its official data on personal consumption […]

Weekly Outlook for Forex - July 5, 2011 23:29

Important economic events which could have significant affect on the trading of different currencies for the week ending July 8th, 2011 are as follows:- On Monday markets in United States remained closed due to observance of the US Independence Day. In Australia data on building approvals, retail sales and change in numbers of jobs advertised […]