Forex Daily Outlook – February 10th 2010
We finally have a busy day today, with many important indicators, especially in Britain. GBP/USD and the Pound crosses will rock today. Let’s see what’s up for today:
The upcoming resolution of the Greek crisis sure is helping the Euro by breaking technical levels. EUR/USD is above 1.3750.
Australian Home Loans provide a powerful start for the day. They’re expected to drop by 4.8%, continuing a negative trend that began last month.
For more on the Aussie, read the AUD/USD forecast.
In Europe, French Industrial Production is predicted to rise by 0.6%, less than last month’s rise. A possible solution to the Greek crisis sure helps the Euro.
There are many events in Britain. For technical levels of GBP/USD, check out the British Pound forecast.
British Manufacturing Production is an important indicator that usually shakes the Pound. It’s predicted to rise by 0.4%, after being unchanged last month.
A bigger event is due later in Britain: Mervyn King presents the BOE Inflation Report and holds a press conference. Mervyn King usually hurts the Pound. Will he do it again?
There’s still more in Britain. The unofficial NIESR GDP estimate is known to be more accurate than economists’ expectations. They’ll publish their estimate for the three months that ended in January. After the disappointing official GDP, this will be interesting to watch.
Moving across the Atlantic, Canadian and American Trade Balance figures are published together, in an event that will shake USD/CAD. Canada’s balance is expected to show a tiny deficit, while the American deficit is predicted to remain almost unchanged at about 36 billion.
Also in the US, the Federal Budget Balance is predicted to show a smaller deficit, helping the dollar.
That’s it for today. Happy forex trading.
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Forex Weekly Outlook – February 8-12
After one of the wildest weeks that we’ve seen in quite a while, the upcoming week seems more quiet, at least at the beginning. The echoes of the Non-Farm Payrolls will be heard during this time. Later on, some major market moving events are due. Here’s the outlook for the second week of February.
Finance ministers [...]
GBP/USD Outlook – February 8-12
The Pound sure was a victim of the dollar’s storm, especially after the Non-Farm Payrolls. It’s at a nine-month low. The upcoming week consists of an important report by the BOE among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD.
GBP/USD chart with support and resistance lines marked on [...]
Forex Daily Outlook – November 11th 2009
It’s Remembrance Day in many countries in the Western hemisphere, so forex trading will be rather light today. In Britain, there’s no holiday, and there are major employment events. Let’s see what’s on the menu today:
Both the US and Canada are on holiday, but this doesn’t mean that USD/CAD won’t shake, after breaking the support [...]
British Pound Outlook – November 9-13 2009
Looking for the latest outlook, for the current week? Check out the section: GBP/USD Forecast
After enjoying a rather positive rate decision, big tests await the Pound – employment figures. Will the Pound enjoy them as well? Or will the ongoing British recession be reflected in these numbers as well? Here’s an outlook for the main [...]
Forex Weekly Outlook – November 9-13 2009
After a very busy week, that finished with painful employment figures in the US, the markets will have more time to digest the news this week. European GDP figures, British and Australian employment figures and US Trade Balance will stand out this week. Let’s see the main events awaiting us this week.
During the weekend, the [...]
Forex Daily Outlook – August 12th 2009
A very busy day is expecting us: the FOMC Statement will set the direction of the dollar for the near future. In addition, Trade Balance in Canada and the US, and employment data in Britain are key events. And there’s more. Let’s dive in:
Australian Westpac Consumer Sentiment starts the day. This is the second confidence [...]
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