Forex Daily Outlook – August 9 2010

We start the week with interesting news in Australia Home Loans, In Europe German Trade Balance, in Japan the Economy Watchers Sentiment and more. Let’s see what awaits us today.

In Australia, Home Loans decreases by 0.2%, the monthly a leading indicator of demand in the housing market, that measurers the change in the number of new loans granted for owner-occupied homes and provides an excellent gauge of how many qualified buyers are entering the market.

In Europe German Trade Balance, the Difference in value between imported and exported goods during the reported month, rise by 1.8 points and Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers

Also in Europe, Sentix Investor Confidence, a monthly survey of about 2,800 investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone, indicates optimism of 2.4 points.

For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.

In Great Britain, British Retail Consortium (BRC) Retail Sales Monitor stabilized at 1.2%. A monthly report that measures the change in the value of same-store sales at the retail level/

More in Great Britain, Royal Institution of Chartered Surveyors (RICS) House Price Balance, a leading indicator of housing inflation because surveyors have access to the most recent price data by virtue of their job and measures the level of a diffusion index based on surveyed property surveyors decreases by 4%.

Read more about the Pound in the GBP/USD forecast.

In Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, monthly data that have more impact when it’s released ahead of the government employment data rather than after, and measures the change in the number of jobs advertised in the major daily newspapers and websites covering the capital cities.

For more on the Aussie, read the AUD/USD forecast.

In Japan, Economy Watchers Sentiment, monthly survey of about 2,000 workers which asks respondents to rate the relative level of current economic conditions, and measures the level of a diffusion index based on surveyed workers who directly observe consumer spending by virtue of their job; rise up by 0.5 points but still indicates pessimism with 48 points.

More in Japan, Current Account, a monthly report linked to currency demand – a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the country, rise up by 0.54 T and measures the Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month

That’s it for today. Happy forex trading!

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.

AUD/USD Outlook – August 9-13

The release of employment data is the main event for the rising Aussie. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines marked. Click to enlarge: Glenn Stevens left the interest rate unchanged at 4.50%, exactly as expected. The Aussie enjoyed other figures [...]

Forex Daily Outlook – August 3 2010

U.S. Pending Home Sales, Core PCE and Factory Orders are the major events on our menu. Here is an outlook on today’s market moving events. In the US,  Pending Home Sales measuring the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction predicted a [...]

AUD/USD Outlook – August 2-6

A very busy week expects Aussie traders, with the rate decision standing in the limelight. Here’s an outlook for the 13 events that will rock the Aussie, and an updated technical analysis for AUD/USD. AUD/USD daily chart with support and resistance lines on it. Click to enlarge: The quarterly release of CPI was weak in [...]

AUD/USD Outlook – July 5-9

This is a very busy week for Aussie traders: a rate decision and employment figures will rock the Aussie, alongside other events. Here’s an outlook for these events as well as an updated technical analysis for AUD/USD. AUD/USD daily graph with support and resistance lines on it. Click to enlarge: The Chinese move on the [...]

Forex Daily Outlook – July 5 2010

Exiting news to start the week, in Britain interesting raises in House Price Index; in Australia Job Advertisements and in New Zealand Survey of Business Opinion showing optimism. let’s see what await us today. In Europe, Retail Sales monthly report that measures the change in the total value of inflation-adjusted sales at the retail level [...]

Forex Daily Outlook – June 7 2010

The week begins with several important events, Chairman Ben Bernanke (US) and Governor Mark Carney (CAD) delivers speeches and in Australia the ANZ Job Advertisements is released. Let’s see what awaits us today. In the US, Federal Reserve (Fed) Chairman Ben Bernanke intends to speak at the Dinner hosted by the Woodrow Wilson International Center, [...]

AUD/USD Outlook – June 7-11

After another week of tense range trading, another busy week expects the Aussie, with employment data being the climax. Here’s an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines on it. Click to enlarge: The past week saw two important releases: GDP and the [...]

Forex Daily Outlook – May 10 2010

As Britain faces a hung parliament the Bank of England interest rate decision is of major importance; the decision to maintain the interest rate continues to support the real economy, let’s see what other influential events await us today. In Canada, Housing Starts, Released monthly, is expected to remain the same as in previous month [...]

AUD/USD Outlook – May 10-14

The Australian dollar is expecting another volatile week: job figures and the annual budget release stand out. Will the Aussie recover? Here’s an outlook for this week’s events and an updated technical analysis for AUD/USD. AUD/USD chart with support and resistance lines marked. Click to enlarge: Similar to the fifth rate hike, also the past [...]

keep looking »

  • 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 2175 access attempts in the last 7 days.