Forex Daily Outlook – March 19th 2010
The week ends with relatively light calendar. with major events coming mostly from Canada. Let’s see what’s up for today:
Is EUR/USD starting the fall? It’s still in a range, but fails to reach higher ground again and again. I think it’ll drop soon. What do you think?
German PPI starts the day with an expected rise of 0.1%, after a 0.8% rise last month. Later in Europe, Jean-Claude Trichet, president of the ECB, will speak in Brussels.
For more on the Euro, read the EUR/USD forecast.
In Britain, BOE Deputy Governor Paul Tucker will speak in just after Trichet, and might shake the Pound. Despite excellent employment figures earlier this week, GBP/USD couldn’t hold above 1.5350, a critical level.
For more technical levels, read the GBP/USD forecast.
Moving to Canada, CPI is expected to rise b 0.4%, after last month’s 0.3% rise. Core CPI, which is an important figure for policymakers, is predicted to rise by 0.3% after edging up by 0.1% last month. Stronger figures are necessary for a rate hike.
Later in Canada, retail sales are also expected to advance steadily, by 0.6%, faster than last month’s 0.4% rise. Core retail sales are expected to rise by 0.5%. USD/CAD is getting close to parity…
That’s it for today. Happy forex trading!
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Forex Daily Outlook – March 18th 2010
Many American figures are due today, so lots of action is awaiting us. Will the dollar continue to weaken? Let’s see what’s up for today.
EUR/USD hasn’t broken the critical 1.3850 level. I still claim that the current rise is temporary before the fall. GBP/USD made it above the critical line of 1.5350, but has a [...]
Forex Daily Outlook – February 26th 2010
The week ends with two revised GDP figures in Britain and in the US, as well as other moving figures. Let’s see what’s awaiting us today.
Early in the day, British GfK Consumer Confidence isn’t expected to move from the negative score of -17. This will stop months of slow improvement. Nationwide HPI is an important housing [...]
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 – February 19th 2010
The week ends with more important releases: British and Canadian retail sales and American inflation numbers among other releases. Let’s review the events:
Commodity currencies enjoyed a good week, riding on less fear in the markets. Will they manage to close the week higher? In recent weeks, Fridays were quite crazy.
Forex Daily Outlook – February 18th 2010
Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well.
The Greek crisis is fading away. EUR/USD isn’t the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases today [...]
Forex Daily Outlook – February 16th 2010
After a rather easy day, the calendar is busy again: British inflation numbers, German ZEW Economic Sentiment and American TIC Long-Term Purchases are the highlights. Let’s start:
In Australia, we’ll get to see why the RBA didn’t raise the rates as expected. The Monetary Policy Meeting Minutes might also reveal future policy.
Also in Australia, NAB Business [...]
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