Forex Daily Outlook – March 5th 2010
In the last day of the week, the scene is clear for the king of forex – Non-Farm Payrolls. Let’s see what it’s expected to bring us, and what other events are out there.
Trading during this day, and especially around the release is different than normal days. The markets trade in high volatility. I recommend reading my 5 notes for Non-Farm Payrolls trading.
Britain’s producer prices jumped last month, and are expected to rise by only 0.1% after a jump of 2% last month (PPI Input). Another rise might help sterling recover from the blow it got at the beginning of the week.
For the Pound’s technical levels, check out the GBP/USD forecast.
In Europe, German Factory Orders are predicted to rise by 1.6%, following a disappointing drop of 2.3% last month.
The Euro continues to float in its range. For more, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Non-Farm Payrolls are expected to show a loss of 40,000 jobs. These low expectations come after two months in which economists were optimistic about jobs. Also the unemployment rate is expected to be worse than last time – 9.8% instead of 9.7%. Whatever the outcome, the markets will rock around this release.
In my Nonfarm payrolls preview, I wrote that the low expectations are good for the dollar. Only a big drop will hurt it.
Also in the US: Average Hourly Earnings are expected to rise by 0.2%, exactly like last month, and Consumer Credit is expected to drop by 4 billion.
That’s it for a very busy week. Happy forex trading!
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Forex Daily Outlook – December 4th 2009
Forex trading comes to a climax with American Non-Farm Payrolls, which are expected to fall once again. Also note Canadian employment data. Let’s see what’s awaiting us.
Swiss CPI is predicted to rise by 0.1% after a 0.6%. Swiss prices aren’t putting any pressure for a rate hike.
Canadian employment figures are expected to be OK: a [...]
Forex Daily Outlook – November 6th 2009
The busy week comes to an end with the big announcement of the Non-Farm Payrolls. The job market is lagging behind other indicators. Is this going to change? There are other important events as well. Let’s review them:
The day begins with the RBA Monetary Policy Statement from Australia. After the second rate hike this week, [...]
Forex Daily Outlook – October 2nd 2009
King of forex, Non-Farm Payrolls is published today. Will the dollar’s strength continue also today? How will the dollar close the week? Will the Swissy recover from the intervention? Let’s see what will impact the markets today:
British Nationwide HPI is an important figure for the beaten Pound. After rising by 1.6% last time, this month’s [...]
Forex Daily Outlook – September 4th 2009
It’s the last day of this very busy week and it features the most important release: Non-Farm Payrolls. Will the king of forex trigger a new direction for the dollar? There are a few more indicators today, as the G20 meetings begin.
Most currencies are still trading in the same ranges. I’ve focused on the range [...]
Forex Daily Outlook – August 7th 2009
The last day of trading this week ends with a bang. Non-Farm Payrolls, king of forex is due today. There more important figures. Let’s see what’s up:
As usual, the first release for today is the RBA Monetary Policy Statement. Glenn Stevens and co. will share their opinions about the current state of the economy, and might [...]
Forex Weekly Outlook – June 29 – July 3 2009
The king of forex – Non-Farm Payrolls, is published early – on Thursday. There are lots of other major figures in the start of the third quarter: ISM Manufacturing PMI, interest rate decision in Europe, Tankan Manufacturing Index in Japan and a big bulk of data from Britain. Let’s see what’s on the menu this week:
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