Post Tagged with: "Corporate Profits"
Canadian Dollar – November 22-26
Inflation Rate and Retail Sales are the major events in the coming week. Here is an outlook on the events ahead and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: Last week encouraging economic data raised hopes that recovery is back on track, despite an
Forex Daily Outlook – August 25 2010
Very interesting news and updates coming up today. New Home Sales in the US, Corporate Profits in Canada, Construction Work Done in Australia. Let’s see what awaits us today. In the Us, New Home Sales, an important gauge of housing market conditions measuring the number of newly constructed homes with a committed sale during the
USD/CAD Outlook – August 23-27
Loonie traders expect a calm week in terms of Canadian events. Here’s an outlook for these events and an updated technical analysis for USD/CAD. USD/CAD chart with support and resistance lines marked. Click to enlarge: Most indicators were weak last week – foreign cash flows squeezed significantly, wholesale sales shrunk, and Core CPI unexpected dropped,
Forex Daily Outlook – May 27 2010
US, Preliminary GDP is expected to rise, Federal Reserve Bank of St Louis President James Bullard delivers a speech in Stockholm and US Unemployment Claims are likely to drop this week. With this we open today’s review. In the US, Preliminary GDP relates to goods and services produced by the economy, is expected to go
USD/CAD Outlook – May 24-28
The Canadian dollar managed to correct some of its losses on positive data on Friday, but is already far from parity. Here’s an outlook for Canadian events and an updated technical analysis for USD/CAD. The focus is on the technicals this week. USD/CAD chart with support and resistance lines marked. Click to enlarge: The higher-than-expected
Forex Daily Outlook – February 24th 2010
Ben Bernanke’s testimony will be the centerpiece of today’s events, including releases from many countries. Let’s see what’s awaiting us. For those of you who haven’t noticed, I have a spot on Forex TV, where I talk about the markets. In these interviews I speak about currencies that I cover in the weekly outlooks, and
USD/CAD Outlook – February 22-26
The Canadian dollar showed strength and made gains on a week with many events that met expectations. The Canadian calendar is rather light in the upcoming week, so the outlook will be mostly technical, for USD/CAD. USD/CAD graph with support and resistance lines marked. Click to enlarge: The loonie enjoyed the unwinding Greek crisis to
Forex Daily Outlook – November 25th 2009
The day before Thanksgiving also brings a crowded calendar. Revised GDP in Britain and Durable Goods Orders in the US stand out. Let’s see what’s up for today: Australia starts the day with the amount of construction work. Construction Work Done is predicted to rise by 0.1% in Q3, after a drop of the same scale
Canadian Dollar Outlook – November 23-27
Looking for the latest outlook for this week? Check the full section: USD/CAD Forecast. The Canadian dollar reversed last week’s gains, with USD/CAD rising high. Here’s an outlook for this week’s events in Canada, and an updated technical analysis for USD/CAD. USD/CAD graph with support and resistance lines marked on it. Click to enlarge: After more
Forex Daily Outlook – August 26th 2009
Today, American figures dominate the scene, with Durable Goods Orders and New Home Sales. Also not the German Ifo Business Climate among other figures. Let’s see what’s expecting us today: Australian Construction Work Done starts the day. After falling by 3.7% last time, it’s predicted to drop again, this quarter by 2.7%. For more on the Aussie,