Forex Daily Outlook – August 20 2010

We finish the week with some interesting news in Canada CPI, Ric Battellino speech in Redcliffe and more. Let’s see what awaits us today.

In Canada, Core Consumer Price Index (CPI); the price of goods and services purchased by consumers, excluding the 8 most volatile items has decreased by 2% and Consumer prices account for a majority of overall inflation. Important to currency valuation since rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

More in Canada, Consumer Price Index (CPI), the price of goods and services purchased by consumers decreased by 1%. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

For more on USD/CAD, read the Canadian dollar forecast.

In Australia, Reserve Bank of Australia (RBA) Deputy Governor Ric Battellino speaks at the Moreton Bay Better Business Luncheon, in Redcliffe and his public engagements are often used to drop subtle clues regarding future monetary policy.

For more on the Aussie, read the AUD/USD forecast.

In New Zealand, Credit Card Spending, the total spending facilitated with a credit card has stabilized on 4.5% and it’s correlated with consumer spending and confidence – rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money.

That’s it for today. Happy forex trading!

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British Inflation Sliding Towards Target

British consumer prices are still above target. CPI dropped from 3.2% to 3.1%, exactly as expected. Other inflation related figures were softer than predicted, and the immediate reaction of the Pound was a small drop. Core CPI unexpectedly dropped from 3.1% to 2.6%, showing that the higher inflation isn’t really strong. Also the RPI (Retail [...]

Forex Daily Outlook – August 17 2010

A very busy day filled with interesting news. Building Permits in US, German ZEW Economic Sentiment in Europe, RBA Gov Stevens Speaks in Australia and more. Let’s see what awaits us today. In the US, Building Permits the Annualized number of new residential building permits issued during the previous month; stabilizes on 5.8%, released monthly, [...]

EUR/USD Aug. 16: Stops to Rest Before Next Falls

At the wake of the new week, EUR/USD touched based with the strong support line, but later went up and corrected some of last week’s disastrous losses. Here’s a quick update on fundamentals, technicals and community trends.

Forex Daily Outlook – August 16 2010

We start the week with interesting development in US Treasury International Capital (TIC) Long-Term Purchases, Rightmove HPI in Great Britain, some interesting development regarding the Prelim GDP in Japan and more updates; let’s see what awaits us today. In the US, Treasury International Capital (TIC) Long-Term Purchases is about to rise by 0.9B. This data [...]

Forex Weekly Outlook – August 16-20

GDP from Japan, an important German survey and the Philly Manufacturing Index are among the highlights of this week. Here’s an outlook for the major market-moving events this week. The echoes from the ground-breaking Fed decision still rock the markets. Fear has returned, big time. Risk aversion dominates trading, with the dollar storming the board. [...]

USD/CAD Outlook – August 16-20

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: The Canadian dollar retreated mostly on the FOMC Statement, and not on Canadian issues. This week, [...]

GBP/USD Outlook – August 16-20

After the Pound got bad news in the past week and fell, another busy week expects cable traders. Inflation data and retail sales being the highlights. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines on it. Click to enlarge: Apart from the [...]

EUR/USD Outlook – August 16-20

After a terrible week for the Euro, it now expects a relatively calm week, with the ZEW Economic Sentiment being the highlight. Here’s an outlook for the European events, and an updated technical analysis for EUR/USD, now at much lower ground. EUR/USD graph with support and resistance lines on it. Click to enlarge: Excellent GDP [...]

Forex Daily Outlook – August 13 2010

U.S. Consumer Price Index and Retail sales, US, Consumer Sentiment and Federal Reserve Bank of Kansas President Thomas Hoenig’s speech in Nebraska are the major events closing another trading week. Here is an outlook on today’s market moving events. In the US, Consumer Price Index, the main measure of inflation and U.S. Retail Sales, an important [...]

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