Forex Daily Outlook – December 30th 2009
Posted on December 30, 2009 by Yohay
Filed Under Daily Forex Forecast | 3 Comments
A day before New Years Eve, there are a few events that will move the currencies on the continued thin trading. Chicago PMI will stand out. Let’s see what’s up for today:
In Europe, M3 Money Supply will be released. The slow growth in the amount of money is also hurting the Euro. Last month’s 0.3% growth is expected to be followed by a 0.4% growth rate this time.
For more on the Euro, read the EUR/USD forecast.
In Switzerland, the KOF Economic Barometer is predicted to edge up from 1.62 to 1.73 points, helping USD/CHF go down.
American Chicago PMI was quite good in recent months. After rising to 56.1 points, it’s predicted to ease and fall back to 55.2.
That’s it for today. Happy forex trading!
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[...] A day before New Years Eve, there are a few events that will move the currencies on the continued th… [...]
what to focus on during this days.. and how can I become good trader?
Mohammed, currently the market is rather calm, due to the holiday season.