Post Tagged with: "Annual Budget Release"
NZD/USD Outlook –May 16-20
The kiwi lost ground after a tough struggle. The upcoming week consists of PPI and the Annual Budget Release as the major market movers. Here is an outlook on the major events and an updated technical analysis for NZD/USD. New Zealand house price index improved 1.1% in April following 0.5% rise in the previous month.
AUD/USD Outlook May 9-13
The Aussie completed a 500 pip range week with some consolidation of earlier gains. The upcoming week consists of all important employment data among other events. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. A slowdown in China and very disappointing retail sales weighed on the Aussie, while a
Portugal; at the cliff-edge?
Events over the past 24 hours have served to highlight the institutional short-comings of the single currency that we’ve highlighted before. Firstly, Portuguese prime minister Socrates has resigned, failing to secure further austerity measures. As such, an early election looks inevitable, as does a bail-out from the EU. Secondly, all indications are that the EU
Forex Daily Outlook – March 23 2011
Fed Chairman Bernanke Speaks in San Diego, MPC Meeting Minutes In the UK and much more. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke, due to deliver a speech titled “Community Banking in a Period of Recovery and Change” at the Independent Community Bankers of America National Convention and
Forex Daily Outlook – March 22 2011
The speeches of FOMC Member Fisher and Treasury Sec Geithner together with Canadian Retail sales are the main events this day. Here is an outlook on the major market-movers. In the US, FOMC Member Fisher Speaks, Federal Reserve Bank of Dallas President Richard Fisher is due to deliver a speech titled “Monetary and Fiscal Policy
Canadian Dollar –March 21-25
Retail sales and Annual Budget Release are the major events this week. Here is an outlook on the events ahead and an updated technical analysis of USD/CAD. Canadian wholesale sales rose climbed 1.5% for the sixth time growing at nearly twice the pace forecasted by economists following 0.9% gain in the previous month. This report
GBP/USD Forecast – March 21-25
After rocking mostly on global events, the upcoming week consists of many important indicators that will rock the pound. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. Employment figures were quite confusing. A drop in the number of people claiming unemployment benefits was offset by a rise in the
GBP/USD Outlook – Nov. 29 – Dec. 3
Avery busy week expects cable traders, with many important PMI figures standing out. Will the pound continue falling? Here’s an outlook for the British events and an updated technical analysis for GBP/USD, now below important support. GBP/USD daily chart with support and resistance lines marked. Click to enlarge: The crisis in Ireland reached its neighbor
Forex Daily Outlook – June 22 2010
US Existing Home Sales on the rise, US Treasury Secretary Timothy Geithner testifies before the Congressional Oversight Panel in Washington DC, and US House Price Index are the major events of the day. Let’s review the today’s activities. In the US, Existing Home Sales expected an increase of 400,000 above 5.77 M in May. This
GBP/USD Outlook – June 21-25
The emergency budget that the new government will bring to parliament is the main event for the upcoming week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with resistance and support lines on it. Click to enlarge: The past week saw positive news from Britain: unemployment made