Forex Daily Outlook – June 17 2010

We are expected to see US CPI almost unchanged, another decrease in Unemployment Claims and a growing U.S. current account deficit among other events. Let’s review today’s events:

In the US, Core Consumer Price Index is expected a slight rise of 0.1% following 0.0% in May and CPI which also includes volatile factors is expected to drop to -0.2% from -0.1% indicating low inflation rates in the US market.

Later in the US, Unemployment Claims are predicted to drop this week by 2,000 claims following last weeks unexpected rise of 456K.

More in the US, Current account deficit is foreseen to widen by $4B compared to the previous quarter.

Finally in the US, Philadelphia  Fed Manufacturing Index expected to go down by 0.3 points from 21.4 in May

In Canada, Wholesale Sales expected to drop by 1.0% reaching 0.4%

For more on USD/CAD, read the Canadian dollar forecast.

In Europe, ECB Monthly Bulletin is issued. It reveals the statistical data that the ECB Governing Board evaluated when making the latest interest rate decision, and provides detailed analysis of current and future economic conditions from the bank’s viewpoint.

More in Europe, Deutsche Bundesbank President Axel Weber speaks at the Financial Times Deutschland Banking Conference, in Frankfurt whoch may affect interest rates and provide valuable information regarding future monetary policy.

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

In Switzerland, London interest rate for 3-month Swiss franc deposits is expected to remain unchanged reaching 0.25%.

More in Switzerland, Swiss National Bank issues Monetary Policy Assessment, a Financial Stability Report, and holds a Press Conference which are important to investors seeking information about interest rates and monetary policy.

Finally in Switzerland, Industrial Production is expected to plunge this quarter to -6.3% following the impressive rise of 9.4% from the previous quarter.

In Great Britain, Retail Sales anticipated to decrease sales volume from 0.3% in May to 0.1%.

More in Great Britain, CBI Industrial Order Expectations expected to rise by 3 points reaching -15 which is a further improvement from the previous month

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

In Japan, Monetary Policy Meeting Minutes is released with a detailed record of the BOJ Policy Board’s meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

That’s it for today. Happy forex trading!

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EUR/USD Outlook – June 14-18

The important ZEW survey and inflation figures will draw attention in this week’s Euro trading. Here’s an outlook for the events that will move the Euro, and an updated technical analysis for EUR/USD. Will the recovery continue? Or was it a temporary pause on the way down? EUR/USD graph with support and resistance lines on [...]

Forex Daily Outlook – June 1 2010

Important events are with us today; US national ISM Manufacturing PMI and Canada’s BOC Rate Statement and Overnight Rate reports are issued. This events stand out I today’s news. In the US, ISM Manufacturing PMI is expected to drop to 59.6 from 60.4 in May. This drop comes after nine consecutive months of expansion but [...]

EUR/USD Outlook – May 31 – June 4

Employment figures are the highlight of this week’s busy European calendar, as the old continent continues to struggle with the contagious debt disease. Here’s an outlook for the events the will move the Euro, and an updated technical analysis for EUR/USD. Euro/Dollar graph with support and resistance lines marked. Click to enlarge: The report that [...]

Forex Daily Outlook – May 19 2010

US CPI is expected to rise, the US, Federal Open Market Committee Meeting Minutes is released and Canada’s Wholesale Sales are also on the rise.Let’s see what awaits us today. In the US, unlike the decrease of PPI index yesterday the CPI is expected to rise from 0.1% to 0.2% as well as the Core CPI which is [...]

Forex Daily Outlook – May 14 2010

Consumer confidence is rising and so is Industrial Production and Capacity Utilization Rate showing a good climate in the US market. In Canada, BOC Deputy Governor John Murray speaks in Ottawa and Manufacturing Sales are up showing an overall positive air to the leading economies. Let’s see what’s on the menu today. In the US, [...]

Forex Daily Outlook – May 13 2010

US unemployment claims expected to drop this month, Federal Reserve Chairman Ben Bernanke speaks in Philadelphia and Federal Reserve Governor Donald Kohn participates in a panel discussion in Ottawa.  In Europe the economic recovery is underway although it is set to be a gradual one. Let us see what awaits us today. In the US, [...]

Forex Daily Outlook – May 5 2010

U.S. ADP Non-Farm Employment Change is looking good, The ISM Non-Manufacturing PMI is also on the rise and U.S. Federal Reserve Bank of Boston President Eric Rosengren delivers a speech. These items together with more good news, await us today. In the US, ADP Non-Farm Employment Change, estimates a rise of 29000 in the number [...]

Forex Daily Outlook – May 3 2010

Starting the week with a variety of events. ISM Manufacturing PMI in the USD, Labor Cost Index in New Zealand and President Axel Weber speak in Frankfurt; Let see what else awaits us this day,  In the US, Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI); Survey released monthly of about 400 purchasing [...]

EUR/USD Outlook – May 3-7

Another crazy week will probably be seen. Apart from the debt issues, we have a rate decision and many more events. Here’s an outlook for this week’s events and an updated technical analysis for EUR/USD. EUR/USD graph with support and resistance lines marked. Click to enlarge: Credit downgrades for Greece, Portugal and Spain hurt the [...]

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