Forex Daily Outlook – August 11th 2009

Posted on August 11, 2009 by Yohay
Filed Under Daily Forex Forecast | Leave a Comment

The calendar begins warming up, with a rate decision in Japan standing out. Let’s see what’s up for today:

Australia starts the day with the NAB Business Confidence, a good indicator for the economy. For more on the Australian dollar, check out the AUD/USD Outlook.

In Japan, the Overnight Call Rate is predicted to remain unchanged, at 0.1% – rock bottom. The focus moves to the Monetary Policy Statement, which will detail on the state of the Japanese economy. More answers will be given at the BOJ Press Conference.

In Europe, German Final CPI is predicted to remain at a fall of 0.1%. The WPI (Wholesale Price Index) is expected to rise by 0.1%. For more on the European scene, check out the EUR/USD Outlook.

British Trade Balance is expected to show a deficit of 6.3 billion, exactly like last month. For GBP/USD, read the British Pound Outlook.

In the US, two quarterly release are expected today: Prelim Non-farm Productivity which is expected to rise by 5.2%, and the Prelim Unit Labor Costs, which are expected to fall by 2.3%.

For those of you trading the loonie, note the Canadian Housing Starts. No change is expected from last month’s 141K. A surprise can sure help the Canadian dollar. More on the North American pair is in the USD/CAD Outlook.

That’s it for today. Happy forex trading!

Enjoyed the post? You may want to subscribe by RSS feed or Email.

Tags: ,,,,,,,,,,,,,,,,,

» «

Comments

Leave a Reply




  • Forex Crunch

    Forex Crunch is a blog all about the foreign exchange market. It includes and will include: tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts, and whatever is related to Forex. Forex Crunch aims to deal with forex trading, but with a more personal touch. More...

  • Stay up to date!

    Subscribe By Email

    Enter your email address:


    Trade together with Currensee

    Search

  • Forex Crunch Pages

  • Forex Categories

Bad Behavior has blocked 2071 access attempts in the last 7 days.