Forex Daily Outlook – August 24th 2009
Posted on August 24, 2009 by Yohay
Filed Under Daily Forex Forecast | Leave a Comment
The forex trading week starts slowly, with Canadian Retail Sales standing out in the summer heat. Let’s see what’s on the menu today:
Australia starts the day and the week with New Motor Vehicle Sales. They rose nicely by 5.7% last time. Will it continue?
For more on the Australian dollar, read the AUD/USD Outlook.
In Europe, Industrial New Orders have disappointed for many months. Expectations are high again, this time for a rise of 1.7%. For more on the Euro, read the EUR/USD Outlook.
In Canada, Retail Sales should have a serious impact on the loonie. Retail Sales aren’t expected to change, while Core Retail Sales are predicted to rise by only 0.2%. These low expectations can be met with a surprise, helping the Canadian dollar.
For more on USD/CAD, read the Canadian Dollar Outlook.
That’s it for today. Don’t worry, the next days contain interesting figures…
Enjoyed the post? You may want to subscribe by RSS feed or Email.Tags: AUD/USD,Aussie,Australian dollar,canadian dollar,Core Retail Sales,EUR/USD,forex trading,Industrial New Orders,loonie,New Motor Vehicle Sales,Retail Sales,USD/CAD
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