Forex Daily Outlook – August 10 2010
American rate decision the big event this week followed by Preliminary Nonfarm Productivity and Preliminary Unit Labor Costs are among the market moving events. Here is an outlook on today’s major activities.
In the US, Federal Market Committee Interest Rate Announcement is not expected to raise rates. The U.S. Non-Farm Payrolls report showed the economy losing larger-than-expected amount of jobs in July increasing the odds that the Fed could be forced into offering additional monetary policy stimulus keeping Federal Funds Rate at 0.25%.
More in the US, Preliminary Nonfarm Productivity measuring the annualized change in labor efficiency when producing goods and services, excluding the farming industry, expected to rise 0.3% 0.02% more than in the previous quarter.
Finally in the US, Preliminary Unit Labor Costs a leading indicator of consumer inflation predicted to rise 1.4% this quarter following a year of decreases.
In Canada, Housing Starts a leading indicator of economic health rose 193K in the previous month 186K rise is expected now and New Housing Price Index is forecasted the same 0.3% rise as in the previous three months.
For more on USD/CAD, read the Canadian dollar forecast.
In Europe, French Industrial Production a leading indicator of economic health is expected 0.1% decrease following 1.7% increase in May.
In Switzerland, State Secretariat for Economic Affairs Consumer Climate index expected to rise again by two points reaching 16 points following the impressive rise in the previous quarter.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Great Britain, Trade Balance deficit was higher than expected for May reaching 8.1B a smaller deficit of 7.7B is expected now.
More in Great Britain, Nationwide Consumer Confidence index based on a survey of about 1,000 consumers which asks respondents to rate the relative level of current and future economic conditions expected to drop 3 points to 60 the lowest since August 2009.
Read more about the Pound in the GBP/USD forecast.
In Australia, National Australia Bank Business Confidence index reached 4 points in July a similar figure is expected now.
For more on the Aussie, read the AUD/USD forecast.
In Japan, Bank of Japan Interest Rate Announcement, is likely to remain 0.10% with the Japanese Yen strengthening, exports declining and deflation still not going away.
More in Japan, Core Machinery Orders forecasted 5.6% rise following 9.1% unexpected dip in May which will increase production.
That’s it for today. Happy forex trading!
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Forex Daily Outlook – July 8 2010
US Unemployment Claims decrease, Britain, Manufacturing Production expecting a rise and the Australian Employment Change and Unemployment Rate are changing. Here is an outlook on today’s events. In the US, Unemployment Claims, weekly report that measure the number of individuals who filed for unemployment insurance for the first time during the past week; droops down [...]
Forex Daily Outlook – July 7 2010
Canadian Ivey PMI stays above 50 points, Halifax HPI expecting a small rise as well as German Factory Orders . Here is an outlook on today’s events. In Canada, Ivey PMI: Survey of about 175 purchasing managers, selected geographically and by sector of activity to match the economy as a whole rose to 62.7 points [...]
Forex Daily Outlook – June 8 2010
US Federal Reserve Bank of Kansas President Thomas Hoenig delivers a speech in Kansas City, Federal Reserve Governor Elizabeth Duke speaks in Hollywood, US IBD/TIPP Economic Optimism and Canada’s Housing Starts are among today’s major activities. In the US, Federal Reserve Bank of Kansas President Thomas Hoenig delivers a speech titled “Farming, Finance and the [...]
Forex Daily Outlook – May 17 2010
We start the week with a significant rise in TIC Long-Term Purchases in the US continues in Swiss SNB Chairman Hildebrand Speech, Let’s see the other interesting news up for today Treasury International Capital (TIC) Long-Term Purchases released monthly represents the balance of domestic and foreign investment is rising up to 50.5 Billion from 47.1 [...]
Forex Daily Outlook – February 9th 2010
The week is warming up with a busier calendar today. Let’s see what’s awaiting us. Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in [...]
Forex Daily Outlook – January 13th 2010
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Forex Weekly Outlook – January 11-15
After a turbulent start to the year, the second week also provides may important events: retail sales and inflation figures in the US, key employment figures in Australia and a rate decision in Europe are among the highlights this week. Let’s see what’s awaiting us in the wake of the NFP. American Non-Farm Payrolls, the most [...]
Forex Daily Outlook – November 10th 2009
Lots of economic indicators are published today, with the German ZEW Economic Sentiment standing out. Let’s see what’s up for dollar continue the plunge? British figures start the day: BRC Retail Sales Monitor serves as the “mini retail sales” release. It rose by 2.8% last month, and is expected to keep on growing. The RICS [...]
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, [...]
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