Forex Daily Outlook – February 25th 2010
Ben Bernanke will continue to cast his spells over the markets today, and we also have many important economic indicators from all over the world. Let’s see what’s awaiting us in this busy day in forex trading:
Australia’s Private Capital Expenditure provides a strong start for the day. After a drop of 3.9% in the previous quarter, it’s predicted to rise by 1.5% this time. The Aussie still hasn’t made a big move. For more, read the AUD/USD forecast.
In New Zealand, the NBNZ Business Confidence is an important release that moves the kiwi. New Zealand’s Building Consents are an important gauge of the economy. They disappointed by falling by 2.4% last time. Will they rise now? Also note the Trade Balance, which is currently quite balanced – a surplus of 2 million.
In Switzerland, Employment Level is predicted to remain stable at 3.95 million.
German Unemployment Change disappointed last month with a rise after many good months. Another rise in unemployment, 18K, is expected this time. The M3 Money Supply which fell last month is expected to rise this time by 0.1%.
Also in Europe, Consumer Confidence is predicted to tick down to -17. The Euro is still struggling. For more, check out my EUR/USD forecast, and Casey Stubbs’ latest technical analysis.
In Britain, Mervyn King will get another opportunity to hurt the Pound. He’ll speak in front of the Banking Commission, and will probably move the Pound. His colleague, David Miles, will make a public appearance in the evening and can also contribute his share.
British Business Investment is expected to rise by 0.2% in Q4, after a dropping in Q3. CBI Realized Sales usually rock the Pound. They’re expected to rise from -8 to -1. British figures are improving, but very very slowly.
For more on the British Pound, read the GBP/USD forecast.
In the US, two major releases will are due: Durable Goods Orders are expected to continue the positive trend and rise by 1.6% (1% last month). Core Durable Goods Orders are predicted to rise by 1.1%, following a 1.4% rise last time.
The second figure is Unemployment Claims, which are stuck in the same zone for quite some time. Last month’s 473K is expected to be followed by 461K this time. Only a drop below 430K will convince economists that the recovery can be seen in the job market.
Ben Bernanke will continue testifying Washington today. Needless to say that anything he says or doesn’t say, has a strong impact on the markets, both in the immediate term and for the long run.
Also in the US: HPI is predicted to rise by 0.6% and FOMC members Sandra Pianalto and James Bullard will also speak.
The day ends with an influx of data from Japan: Tokyo Core CPI is predicted to show more deflation in the land of the rising sun – an annual drop of 1.9% in prices. Preliminary Industrial Production is expected to rise by 1.1% after a rise of 1.9% last month.
Last but not least, Japanese Retail Sales are predicted to drop once again, this time by 0.1%.
That’s it for today. Happy forex trading!
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.
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 [...]
Forex Weekly Outlook – January 25-29
A busy week is ahead of us: rate decision in the US, Japan and New Zealand and GDP releases from the US, UK and Canada are part of an eventful week. Will we see more dollar strength? Here’s an outlook for the last week of January.
Beginning on Wednesday, the World Economic Forum meets in Davos, [...]
Forex Daily Outlook – January 13th 2010
The dollar is certainly fighting back after dropping at the beginning of the week. Today’s most interesting figures come from Britain, which sees more range trading. Let’s review the events for today:
Forex Daily Forecast – November 30 2009
The new forex trading week starts off with the Dubai crisis still looming. Canadian GDP, and European inflation will stand out in day with events from all over the world. Let’s see what’s up for the last day of November.
Arabic version of this post
In New Zealand, Building Consents are expected to continue rising after a [...]
Forex Weekly Outlook – November 30 – December 4 2009
The week of Thanksgiving, which was expected to be calm, was very volatile, with new lows in the dollar, that were proved temporary with the Dubai crisis. The upcoming week is already full of important indicators: rate decision in Europe and Australia, GDP from Europe, Switzerland and Canada, and the king of forex: American Non-Farm [...]
Forex Daily Outlook – October 29th 2009
The dollar continues to sweep the markets. Today’s calendar is quite busy, with American GDP standing out. Did the US get out of recession? Or will we see a disappointment like in Britain? Let’s review the main events for today:
Australian HIA New Home Sales fell by 4.5%, which was rather disappointing. The Aussie is now trading at 0.8995, [...]
Popular Forex Posts
Daily FX Headlines- Forex Weekly Trading Forecast - 03.15.10 March 13, 2010
- Dollar Threatens a Plunge but Fundamentals Could Prevent a Renewed Bear Trend March 13, 2010
- Price Action Points to a Bullish Breakout but Market Fundamentals May Force a Collapse March 13, 2010
- Has Crude Taken the First Step Towards a Breakout and Reversal? March 13, 2010
- Swiss Franc Vulnerable As SNB Threat Grows March 13, 2010
Stay up to date!
-
-
