Post Tagged with: "CPI"
USD/CHF Outlook March 5-9
The Swiss franc sagged against the dollar this week, losing almost 200 points, as it closed at the 0.9140 level. The upcoming week has four releases. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. The franc followed the euro, which slipped badly against the dollar this week. The Spanish downturn and Greek
Forex Daily Outlook February 29 2012
Prelim GDP and Fed Chairman Bernanke Testifies in the US are the main events today. Here is an outlook on the market-movers awaiting us In the US, Ben Bernanke, Federal Reserve Chairman is about to testify in Washington DC. More in the US, Prelim Gross Domestic Product (GDP),the widest quarterly measurement of monetary activity that
EUR/USD Outlook Feb. 27 – Mar. 2 2012
Euro/dollar finally broke out and made a very impressive rally, rising more than 300 pips. The second Greek bailout was agreed upon, and the euro shrugged off the long list of doubts. Has the euro turned a page, or is this a rise before the fall? The highlight of the upcoming week is the second LTRO
Forex Daily Outlook February 22 2012
Existing Home Sales in the US and MPC Meeting Minutes in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Existing Home Sales, the residential buildings that were sold on the last month (without new construction), rise is expected from 4.61M on January up to
EUR/USD Feb.17 – Capped Under Higher Resistance as Greek Deal Awaited
Euro dollar is capped under higher resistance as the market awaits Monday – the day that the Greek deal is expected to kick start. The euro was cheered up by the preparations made by the ECB towards a bond swap in Greece. While its participation isn’t clear, it took steps to avoid being included in the
Forex Daily Outlook February 17 2012
We summarize this week with CPI in the US and Canada as the major events of the day. Here is an outlook on the market-movers awaiting us. In the US, Consumer Price Index (CPI), value the consumers’ price change of goods and services over the previous month, due to rise up to 0.3%. And on the
British Inflation Continues Falling – CPI at 3.6%
The UK’s consumer price index rose at an annual rate of 3.6%. Early expectations stood on an annual rate of 3.6% after last month’s 4.2% pace. GBP/USD weakened earlier after Britain got a credit rating warning from Moody’s, and as the joy regarding the Greek deal faded out. Yet just before the publication, it managed
Forex Daily Outlook February 14 2012
Japan’s rate decision, German ZEW Economic Sentiment and US retail sales figures are the main evets today. Let’s preview the major market-movers lined up for us. In the US, Retail sales value increased 0.1% in December lower than the 0.3% gain predicted following 0.4% rise in the previous month while Core sales unexpectedly declined 0.2%
GBP/USD Outlook Feb. 13-17 2012
The British pound lost some ground to the dollar this week, dropping to the 1.5730 level. The upcoming week is a busy one, with seven releases. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The British Monetary Policy Committee expanded the Asset Purchase Facility by an additional 50 billion pounds to £325, as was expected.
USD/CAD Outlook February 13-17
The Canadian dollar retreated after 4 weeks of gains, but USD/CAD managed to stay below parity. Inflation data is the highlight of this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar. Last week positive readings were released with surprisingly elevated reading for the Canadian Ivey Purchasing Managers Index (PMI)