Forex Daily Outlook – January 28th 2010
Yet another busy day awaits forex traders. Economic indicators might be overshadowed by many political events today. Here’s what’s expecting us today:
Apart from scheduled events, US President Barack Obama will make an important speech in his “State of the Union” address. He is expected to talk about the economy after one year in office. This will prbably include a special tax reduction. Almost a year ago I wrote that Obama’s stimulus plan weakens the dollar.
The World Economic Forum continues in Davos, and headlines continue to flow from there as well.
Two more political events are due in the US: Timothy Geithner continues to talk about his actions during the fall of Lehman Brothers. The confirmation of Ben Bernanke’s second term is also pending approval.
German Unemployment Change will move the Euro. In the past few months, this important indicator exceeded expectations and helped the Euro. Tomorrow we have the all-European unemployment rate. For more on the Euro’s events, see the EUR/USD forecast.
Also in Europe, Consumer Confidence is expected to edge up to -15. Casey Stubbs sees EUR/USD consolidating and waiting for a breakout.
American Core Durable Goods Orders are predicted to rise by 0.4% after a surge of 2% last month. Durable Goods Orders are predicted to keep turn from negative to positive, jumping 2.1%.
American Unemployment Claims are expected to get back to normal, after a rise to 482K last month. A drop back to 451K is now predicted.
In New Zealand, Building Consents and Trade Balance are both released together, with the latter expected to show a squeeze of the deficit to 115 million. Australia’s CB Leading Index might help the Aussie after the good CPI result. This comes before next week’s rate decision.
In Japan, Household Spending is expected to rise by 1.6% (annually) but the Tokyo Core CPI is expected to remain deflationary at annual rate of 1.8%. In the Japanese rate decision, the BOJ talked about less deflationary fears. Traders of the Yen will get to see the insights of the meeting with the release of the Monetary Policy Meeting Minutes. Also note the Japanese Prelim Industrial Production which is expected to rise by 2.5% this time.
That’s it for another busy day in forex trading.
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Forex Daily Outlook – September 15th 2009
After the dollar renewed its falls, a busy day expects the forex markets. The calendar is packed with events, including Retail Sales, PPI and a speech by Ben Bernanke. There are more important indicators in other parts of the world as well. Let’s see what’s up today:
Australian Monetary Policy Meeting Minutes showed that a rate [...]
Forex Daily Outlook – September 14th 2009
Forex trading began with a stronger dollar this week. European Industrial Production is the highlight of this rather calm day. Let’s see what’s on the menu today.
The late dollar comeback that began late on Friday continues today. While the British Pound and the New Zealand dollar suffer, the Swissy and the Yen are weathering this [...]
FOMC Statement – An Opportunity to Short the Yen Crosses
Ben Bernanke and his colleagues at the FOMC are making their first rate decision after the unexpected drop in the American unemployment rate. Here are two dollar-bullish moves they could do. Since the dollar yen correlation is strong, shorting the yen crosses looks quite interesting. Here’s a preview for the FOMC Statement:
Friday Effect Hurts Dollar but Doesn’t Break Any Levels
Late on Friday afternoon, the US dollar lost ground. It came about the 3 hours after the surprising GDP release. Despite the sharp moves, the dollar just lost its gains from previous, and no significant technical barriers were breached. Maybe next week’s Non-Farm Payrolls will make the market explode.
American Advance GDP for the second quarter [...]
Forex Weekly Outlook – July 27-31 2009
The last week of July begins slowly but ends with a bang: American GDP for the first quarter. Also note Durable Goods Orders, a rate decision in New Zealand and GDP in Canada. Let’s see what’s up for the last week of July, and also the last week before the NFA ruling is here.
Forex Daily Outlook – June 25th 2009
After yesterday’s FOMC Statement, the markets start the day with a stronger dollar. American figures continue to dominate the scene today, with Unemployment Claims. A speech by Ben Bernanke can clarify yesterday’s cautious statement.
Australia’s CB Leading Index rose by 0.7%, and last month’s fiugre was revised upwards. The Australian economy is doing better than the [...]
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