Forex Daily Outlook – November 20th 2009

Posted on November 20, 2009 by Yohay
Filed Under Daily Forex Forecast | Leave a Comment

The last day of this week is rather quiet, but with a rate decision in Japan. Will the markets continue to be trade in the same ranges?

The BOJ gets together once again to make a rate decision. Japan’s Overnight Call Rate isn’t expected to budge from 0.1% – rock bottom. Yen traders will focus on the Monetary Policy Statement that accompanies the decision, and the following BOJ Press Conference. The Bank of Japan may change the economic forecasts.

Jean-Pierre Roth, head of the Swiss National Bank will be speaking, and might talk about market intervention.

German PPI disappointed last month and fell by 0.5%. This time, it’s predicted to rise by 0.1%, showing that prics aren’t always going down.

Later in Europe, the European Banking Congress organizes an important conference named “Ater the Crisis”. It will discuss exit strategies to the crisis. Two keynote speakers will move the Euro: head of the German Bundesbank, Axel Weber and the president of the ECB – Jean-Claude Trichet.

That’s it for today. Will the markets close the week in a the same trading ranges?

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

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

» «

Comments

Leave a Reply




Additional comments powered by BackType

  • 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 2778 access attempts in the last 7 days.