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Forex Daily Outlook November 17 2011

anat — Wed, 16 Nov 2011 22:00:28 +0000

Unemployment Claims in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly report to value the persons that filed for joblessness insurance, rise is predicted from 390K up to 396K.

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USD/CAD Outlook November 14-18

anat — Sat, 12 Nov 2011 17:30:54 +0000

The Canadian dollar reversed some of its losses against the greenback in a tense week. The inflation rate is the major event this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

Last week, Canadian dollar dropped due to growing demand for U.S. currency following Italy’s bond turmoil, but this reversed. Housing starts increased more than anticipated reaching 208,000 from 192,000 in August and new housing price index climbed 0.2% in line with predictions. Will the EU turmoil affect growth in the Canadian market?

Read the rest of the article USD/CAD Outlook November 14-18

Forex Daily Outlook – August 18 2011

anat — Wed, 17 Aug 2011 21:00:03 +0000

Existing Home Sales in the US and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Consumer Price Index (CPI), measurement to value the goods and services prices, a raise -0.2% to 0.2% is forecasted this month. Meanwhile the Core CPI (excluding food and energy) is expected to drop by 1% to 0.2%.

Read the rest of the article Forex Daily Outlook – August 18 2011

USD/CAD Outlook – August 16-20

Yohay — Sun, 15 Aug 2010 08:52:40 +0000

A busy week expects loonie traders, with inflation figures providing a strong finish. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

USD/CAD graph with support and resistance lines on it. Click to enlarge:

Read the rest of the article USD/CAD Outlook – August 16-20

Forex Daily Outlook – May 20 2010

anat — Wed, 19 May 2010 21:00:00 +0000

US Philly Fed Manufacturing Index is released; Unemployment Claims are expected to drop once again, CB Leading Index is heading for a decrease. This and more awaits us today.

In the US, Philly Fed Manufacturing Index, survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions, measuring the level of a diffusion index based on surveyed manufacturers in Philadelphia, is about to rise up to 21.9 from 20.2. It’s a leading indicator of economic health and early signal of future economic activity such as spending, hiring, and investment.

Read the rest of the article Forex Daily Outlook – May 20 2010

USD/CAD Outlook – February 15-19

Yohay — Sat, 13 Feb 2010 15:01:43 +0000

In the past week, the loonie gained nice ground against the greenback. The upcoming week provides many important indicators. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

USD.CAD graph with resistance and support lines marked. Click to enlarge:

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Forex Daily Outlook – November 19th 2009

Yohay — Wed, 18 Nov 2009 22:48:25 +0000

Currencies continue to trade in narrow ranges. Today, British retail sales and American unemployment claims stand out. Let’s see what’s up for today.

In Australia, Guy Debelle, the RBA Assistant Governor, will be making a public appearance, and might give some more hints about the upcoming rate decision in December. Also note the RBA Monthly Bulletin.

Read the rest of the article Forex Daily Outlook – November 19th 2009

Canadian Dollar Outlook – November 16-20 2009

Yohay — Sun, 15 Nov 2009 10:58:37 +0000

Looking for the latest outlook for this week? Check the full section: USD/CAD Forecast.

The Canadian dollar was the big winner of the past week, with USD/CAD breaking a support line. This week’s CPI and 5 other events will shape the direction of the loonie. Here’s an outlook for the upcoming events in Canada, and an updated technical analysis for USD/CAD.

Read the rest of the article Canadian Dollar Outlook – November 16-20 2009

Forex Daily Outlook – August 20th 2009

Yohay — Wed, 19 Aug 2009 21:04:17 +0000

British Retail Sales and American Unemployment Claims are the highlights today. Let’s see what’s on the calendar.

Yes, Australia starts the day again, this time with the RBA Monthly Bulletin. After the release of the Monetary Policy Meeting Minutes, this probably won’t add to much. Yesterday, the MI Leading Index moved the Aussie. For more on the Australian dollar, read the Aussie Outlook.

Read the rest of the article Forex Daily Outlook – August 20th 2009

Canadian Dollar Outlook – August 17-21 2009

Yohay — Sun, 16 Aug 2009 05:00:43 +0000

After quite a volatile week, the greenback took over, and USD/CAD closed higher, above the critical support line. This week features Canadian CPI and 5 more important Canadian releases. Here’s an outlook for this week’s events in Canada, and a technical analysis for USD/CAD.

USD/CAD Forex Chart with important support and resistance lines marked:

Read the rest of the article Canadian Dollar Outlook – August 17-21 2009