Post Tagged with: "CPI"
Forex Daily Outlook – June 12th 2009
It’s a relatively quiet Friday this time. How will the greenback close the week? Here are the event that will influence it… Japanese Household Confidence is the first significant event for today. It’s expected to rise to 34.1 points. In Europe, German WPI is predicted to rise by 0.1%, almost nothing. French CPI isn’t expected to be
Interest Rate Hike in the US?
Although the recession is still strong, the surprising payrolls figure hinted that the worst is behind us, even in the job market. With rising commodity prices and improving consumer sentiment, inflation might be around the corner. Will Bernanke change a direction? Last week’s Non-Farm Payrolls were much better than expected – they fell by 345,000
Forex Daily Outlook – June 5th 2009
This wild week reaches the climax today with Non-Farm Payrolls – king of forex indicators. Also note the Canadian unemployment figures and British PPI. Here goes: Swiss CPI is expected to remain low – After rising by 0.9%, it’s expected to slip to 0.2%. Currently USD/CHF is moved mostly by the dollar and not Swiss
Britain’s Got Talent? Pound Outlook
After swinging and dancing, the British Pound finished the week almost 300 pips higher. With no significant technical hurdles, only a comeback of the dollar or bad British data can stop it. And what data awaits the Pound? Here are 5 key events to watch for: Halifax HPI, Manufacturing PMI, Services PMI, PPI and of
Forex Weekly Outlook – June 1-5 2009
Get ready for a wild week in forex trading. As always in the beginning of the month, the king of forex: Non-Farm Payrolls is dominant. We have rate decisions from Europe, Britain, Canada and Australia. Yup, everything happens this week. And there are loads of other major indicators. Hold tight! Only a big surprise this
Pound Rollercoaster Roundup
This was one hell of a week for the British Pound. Different forces moved it up and down. Here’s a summary of this week’s events. What can we learn for next week? The British Pound got some expected and unexpected news this week. I’ve covered the event in my post Will Retail Sales and GDP Send
Forex Daily Outlook – May 20th 2009
Wednesday features a nice bunch of releases: British Meeting Minutes, Canadian CPI and the FOMC’s Meeting Minutes will dominate today’s trading. And there’s more… In Australia, Westpac Consumer Sentiment is a good indicator for the economy. It went up by 8.3% last time. Will it continue rising? Also in Australia, Wage Price Index is expected
GBP/USD Broke Resistance – MPC Meeting Minutes Next
GBP/USD broke the resistance line at 1.5370 and left dust behind it! I’m happy to say that I saw it coming. MPC Meeting Minutes, Retail Sales and Revised GDP are due in the next days, and positive figures could make it cross the next hurdles. Yesterday, I wrote that the Pound should move forward on
Forex Daily Outlook – May 19th 2009
Many important figures are released today: British CPI, German ZEW Economic Sentiment, US Building Permits and Japanese Prelim GDP form a big load of data to shake the forex markets. And there’s more… Australia’s Monetary Policy Meeting Minutes starts the day. After Glenn Stevens’ speech, this will be another insight on the RBA’s view of the strong
Will Retail Sales and GDP Send the Pound Higher?
The Pound is trading in the highest levels for many months, near a major resistance line. There are 4 major indicators this week: CPI, MPC Meeting Minutes, Retail Sales and Revised GDP. Will they send the Pound to new highs? GBP/USD trades above 1.50 during the most of May. It destroyed the magical number of