Forex Daily Outlook – February 23rd 2010
A busy day expects traders, with a major survey in Europe, American consumer confidence and lots more. Let’s see what’s awaiting us.
There’s still lots of talk about Bernanke’s mini rate hike. Although Monday saw some recovery, there’s still a notion that the Federal Reserve will be one of the more aggressive central banks regarding rate hikes.
The kiwi dollar will rock at the start of the day upon the release of the quarterly Inflation Expectations. The 2.6% figure is predicted to accelerate.
In its neighbor, Australia, RBA Deputy Governor Ric Battellino will make a public appearance and might hint something about future rates. For more on the Aussie, read the AUD/USD forecast.
In Switzerland, the UBS Consumption Indicator will probably show more improvement in the Swiss economy.
In France, Consumer Spending leaped by 2.1% last month and is now expected to cool down by 0.6%. A more important figure comes from Germany, where the Ifo Business Climate is predicted to rise from 95.8 to 96.3 points. This will shake the Euro.
The last European figure comes from Belgium – the NBB Business Climate will probably rise from -7 to -5 points, still in the negative zone. For more on the Euro, read the EUR/USD forecast and Casey’s latest technical analysis.
Mervyn King will have his chance to shake the Pound today: in an official hearing in parliament, he’ll speak about inflation (which he denies) and the economy et large. These hearing may take many hours, and his comments usually hurt the Pound.
Apart from King, also his deputy Paul Tucker will make a public appearance and might move the Pound. Also in Britain, BBA Mortgage Approvals are predicted to slip from 45.9 to 45.3K.
For more on the Pound, read the GBP/USD forecast.
In the US, S&P/CS Composite-20 HPI is expected to show an annual drop of 2.9% in house prices, less than last month’s number -5.3%. Year to year comparisons will start showing rises soon.
The main release in the US is the CB Consumer Confidence which will probably edge down from 55.9 to 55 points, still on high ground. Also in the US, Federal Reserve Bank of St Louis President James Bullard will speak. He had a role in calming the markets after the rate move.
Japan’s Trade Balance closes the day. It’s predicted to remain almost unchanged.
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.
EUR/USD Outlook – February 22-26
A sixth negative week brings the Euro close to another major support line. The upcoming week is quite eventful in the Euro-zone, with the IFO survey, inflation numbers and final German GDP standing out among the many events. Here’s an outlook for this week’s European events, and an updated technical analysis for EUR/USD on its [...]
Forex Daily Outlook – January 26th 2010
After a slow day, we have a very busy day today, starting with a rate decision in Japan. Then, we’ll get to know if Britain exited the recession, an important European survey will shake EUR/USD and American consumer confidence will move the dollar. Let’s see what’s up today:
Apart from the regular economic releases, a second [...]
EUR/USD Outlook – January 25-29
Looking for the latest outlook, for the current week? Check out the section: EUR/USD Forecast.
The Euro had a bad week, with continuing Greek problems. It slipped down to a lower range. The upcoming week consists of more important surveys and important employment and inflation figures. Here’s an outlook for the upcoming week in Europe, and [...]
Forex Daily Outlook – December 23rd 2009
The eve of Christmas Eve has a few important releases: American New Home Sales, Canadian GDP and more. Some traders are already on vacation, but the markets continue to move. Let’s see what’s up for today.
French Consumer Spending start the day with an expected 0.3% rise, less than last month rise. EUR/USD is falling. For more on [...]
EUR/USD Forecast – December 21-25
Looking for the latest outlook, for the current week? Check out the section: EUR/USD Forecast.
The Euro had a terrible week, hit by bad news and losing major support lines. The upcoming week doesn’t have too many major indicators, but they could still move the Euro. Here’s an outlook for this week’s events, and an updated [...]
Euro gets good figures but fails to break – Is a fall coming?
Good figures sent the Euro higher today, but failed to take it out of the range. How long will this last? Are the dollar bulls ready to rage?
Preliminary GDP proved correct in Germany. The 0.7% growth that was reported for Q3 was confirmed today with the final GDP release. German Ifo Business Climate exceeded expectations [...]
Popular Forex Posts
Daily FX Headlines- Trade with at least a 1:2 Risk Reward Ratio March 17, 2010
- New Zealand Dollar Continues to Outperform, Euro Lags Behind March 17, 2010
- Australian Dollar Nearing Trendline; Watch 9265 03-17 March 17, 2010
- Light Crude 03-17 March 17, 2010
- Gold 03-17 March 17, 2010
Stay up to date!
-
-
