Post Tagged with: "Core PCE Price Index"
Forex Weekly Outlook – March 23-27 2009
The upcoming forex week has many interesting figures. Britain will get the limelight with lots of important releases: CPI, Nationwide HPI, Retail Sales and more. In the US, Core Durable Goods Orders and Home Sales will be major. Also note New Zealand’s GDP and the German Ifo Business Climate. Let’s see what’s due for us this week. Will
Forex Daily Outlook – March 2nd 2009
The EU Crisis Summit didn’t provide big headlines, but Monday has a lot of important economic figures. The major ones are the British Manufacturing PMI, Canadian GDP and the American ISM Manufacturing PMI. Yes, PMI is everywhere… In PM (Purchasing Manager’s Index), a level under 50 indicates contraction. The expectations everywhere are in the 30s. Let’s see
ISM Better – But Dollar Falls
ISM Manufacturing PMI was better than expected, and scored . Surprisingly, the dollar fell against most currencies, after hitting a good start to the month. In this case, bad data meant bad news for the dollar, even though forex traders were expecting for worse data. February began with a stronger dollar, against everyone. Well, except
Forex Daily Analysis – February 2nd 2009
Trading in the Forex market began with renewed strength of the USD dollar, with an especially noticeable gain against the NZD. Today, the ISM Manufacturing PMI will be in the focus. Only the Japanese Yen doesn’t budge. USD/JPY now at 89.60. Dollar Yen correlation seems strong this morning. Ok, let’s see what is else is due:
Forex Daily Analysis – June 26rd 2008
Yesterday’s economic data from the US were mostly mixed. Existing Home Sales and Unemployment Claims went in opposite directions. Since the Non-farm payrolls data is due next week, the market is concentrating on employment information, hence the disappointing Unemployment Claims figure hurt the US dollar. Today’s traders will see the Revised Michigan Sentiment, Personal Spending,