Tuesday, January 12, 2010

UK posts better-than-expected trade balance and housing price figures

FXstreet.com (Barcelona) – The UK's economy received some good news as the trade balance for the month of November fell beyond market forecasts and housing prices grew for the first time since April of 2008.

The UK's good trade deficit fell to £6.8B in November compared to the revised £7.0B for October. Analysts had predicted a more modest decline of £6.9B.

The total trade deficit followed suit, dropping to £2.9B in November from £3.2B in October and once again slightly bettering the expectations of £3.0B.

Housing prices grew by 0.6% last November, making it the first month of positive price growth since the spring of 2008. This result marks the eighth straight month of improvement in the health of the housing market, up from -2.2% in October and ahead of forecasts of 0.3% growth.

GBP/USD (Jan 13 at 05:32 GMT)

1.6186/88 (0.16%)

H 1.61928 L 1.6133

[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)


  1. I want to learn more about forex but I have fear of destroying my account, anyone know any good trader confidence to my account? write me to this email: starman45@gmail.com

  2. Hi
    there is an independent trader named Adrian Shiroma, the mostly large managed accounts, over 150,000, you can find it in your blog:
    get to english version
    good luck

  3. I am sure we can't ALWAYS make a profit at Forex in every trade. There are too many non-predictable events that can impact the market on a daily basis. It is the nature of the market that you will have some days with gains and some days with losses. But if we can discipline, patient, we can make weekly or monthly accumulative profit.
    Try trading with armada markets, it will give you the lowest spread of the world.

  4. I Consider forex as a long term business because I do believe I could achieve my Goals through this business and I also believe all traders has a same chance to achieve their success because we just need time to get more knowledge and experiences before we able to build a good trading system to support us achieve our Goals.


  5. In Forex, with a small amount of money, you can control bigger market positions using the leverage or margin trading. It allows you to control amounts 100 times bigger than your capital.

  6. You have done a great job. I will definitely dig it and personally recommend to my friends. I am confident they will be benefited from this site. QMobile Noir A55 Price in Pakistan