Forex Daily Outlook – April 13th 2009
Most of the world celebrates Easter on Monday, so there are very few indicators. Let’s see what can move a thin forex market:
In Japan, Corporate Goods Price Index (CGPI) is expected to fall by 1.7% (annually adjusted), deeper tahn last month’s 1.1% fall.
In Canada, the BOC Business Outlook Survey could show where the Canadian economy is going. This can shake the USD/CAD which has shown weakness lately.
In New Zealand, Retail Sales are expected to fall by 0.5%, less than last month’s 1.1%. Also Core Retail Sales are expected to drop, but only by 0.1%, after last month’s rise of 0.3%. This is a major indicator for the kiwi. NZD/USD has shown strength lately.
That’s it for Monday. After Easter, there are lots of indicators. Check out the Forex Weekly Outlook for more details.
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