News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Cyclical and non-cyclical stocks can help diversify a trader’s equity portfolio. Get your guide to understanding these stocks here:
  • Beautifully put.
  • Gold prices could claw back lost ground ahead of the non-farm payrolls report for November, buoyed by a dovish FOMC, falling real yields and rising inflation expectations. Get your $XAUUSD market update from @DanielGMoss here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Rather than focusing on earning a specific number of pips per day, traders need to focus on what can be controlled. In trading terms this relates to following a strategy perfectly, with no emotion or hesitation. Learn more here:
  • That if you’re offended by what someone says on Twitter and that ruins your day, you live an extremely lucky life to be able to have that be your biggest problem for the day.
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • Moving averages are extremely popular due to its easy-to-use nature and multitude of uses when trading. What are some popular moving averages and how can you use them? Find out:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
NIESR Estimates U.K. GDP Growth Slowed to 0.1% in Q4

NIESR Estimates U.K. GDP Growth Slowed to 0.1% in Q4

2012-01-12 17:00:00
Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [U.K. NIESR GDP Estimate (Q4) released] > [U.K. Q4 GDP Growth Slows to 0.1%] > [GBP/USD bearish]

The latest release from the National Institute of Economic and Social Research (NIESR) estimated that U.K.’s Gross Domestic Product rose only 0.1 percent in the fourth quarter, compared with growth of 0.3 percent in the three months through to November. The economy grew 0.6 percent in the third quarter, and NIESR estimates that the economy expanded by 1 percent last year, down from 2.1 percent growth in 2010.

On the upside, the estimates show continued growth in the economy, with surveys suggesting strengthening in the services and construction industries last month. However, uncertainty in the euro area continue to pose significant downside risks to the U.K. economy.

The Bank of England kept its target for bond purchases at 275 billion pounds. Citigroup Inc. and Royal Bank of Scotland Group Plc are amongst the banks expected to increase their target next month when the current round of purchases end.

GBP/USD 5-minute chart: January 12, 2012

NIESR_Estimates_UK_GDP_Growth_Slowed_to_0.1_percent_in_Q4_body_Picture_7.png, NIESR Estimates U.K. GDP Growth Slowed to 0.1% in Q4

Chart created using Strategy Trader – Prepared by Tzu-Wen Chen

The release of NIESR’s estimates for a slowing growth of the U.K. economy saw the British pound fall against the U.S. dollar, with the GBP/USD pair dropping 73 pips to $1.53280 before making a slight recovery. While uncertainty in the Euro area continues to impede growth in the U.K. and elsewhere, there may be reasons to be optimistic, following today’s briefing by the ECB indicating a cautious, yet somewhat positive outlook on the direction of the euro area economy.

--- Written by Tzu-Wen Chen DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.