Forex Daily Outlook – October 21st 2009
After a busy day yesterday, that saw the Canadian dollar falling, we have a rather thin calendar today. British meeting minutes and the Beige Book are the highlights of today.
Australia’s MI Leading Index rose by 1.1%, exactly like last month. AUD/USD is trading in a range between 0.92 and 0.93, capped by a resistance line. For more on the Aussie, read the AUD/USD Forecast.
In Britain, the MPC Meeting Minutes release is of high importance this time. Various statements by senior BoE officials took different directions, and sent the Pound up and down. I found the last rate statement to be Pound-Bearish. GBP/USD now trades at 1.65, climbing nicely towards the release.
Later in the UK, CBI Industrial Order Expectations are expected to advance to -45, still negative. For more on the Pound, read the GBP/USD Forecast.
Casey Stubbs identifies that GBP/USD is approaching a key resistance line. Interesting analysis indeed.
With the price of oil on the rise again, it’s important to notice the Crude Oil Inventories release. The number of barrels in storage is expected to rise by 0.9 million.
Two FOMC members will be speaking today: Jeffrey Lacker and Daniel Tarullo. The more important event later on is the release of the Beige Book, which is used by the FOMC in their next meeting. The economic data released there will move the greenback.
Just before midnight GMT, Japan’s Trade Balance is released, and is expected to show a bigger surplus. USD/JPY now trades at 90.63.
EUR/USD is still struggling under 1.50, now at 1.4950, waiting for some meaningful event to come. Today, the European calendar is empty, but Friday is very busy. For the events in the Euro-zone, read the EUR/USD Forecast.
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, check out [...]
Forex Daily Outlook – August 5th 2009
The market finally “exploded” this week, with the dollar losing ground across the board. Today features the ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, important releases from Britain and more. Let’s see what’s up. Will the greenback continue to retreat?
After the interest rate stayed unchanged, AUD/USD will move today by the Trade Balance. It’s expected [...]
Forex Daily Outlook – June 17th 2009
American CPI, Swiss Retail Sales and British employment figures are the highlights of today. In addition, Ben Bernanke will speak, and there are lots more indicators. Let’s see what’s expecting us on this very busy day.
Australia starts the day with the MI Leading Index. Later, Housing Starts are expected to fall by 3.1%.
In Japan, the BOJ Monthly [...]
Forex Daily Outlook – May 28th 2009
Take a deep breath. There are lots of figures today all over the globe. CBI Realized Sales in Britain, American Durable Goods Orders and New Home Sales stand out. And just before the day ends, there are lots of important figures in Japan. Ready? Let’s dive…
Global Events
North Korea continues to play dangerous games with the world: a [...]
Forex Weekly Outlook – May 25-29 2009
After a holiday in the US, forex trading this week will be affected by New and Existing Home Sales, Durable Goods Orders and the second release of GDP. Yup, after a horrible week for the dollar, the scene is dominated by American figures. And of course, there are many interesting figures elsewhere. Let’s see what’s on [...]
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 to [...]
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