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Forex Daily Outlook – May 5 2010

U.S. ADP Non-Farm Employment Change is looking good, The ISM Non-Manufacturing PMI is also on the rise and U.S. Federal Reserve Bank of Boston President Eric Rosengren delivers a speech. These items together with more good news, await us today. In the US, ADP Non-Farm Employment Change, estimates a rise of 29000 in the number

Forex Daily Outlook – April 28 2010

FOMC and Federal Funds Rate statements are released in the U.S.  Inflation rates drop in Germany but rise in Australia. These are just a few of the events awaiting us today: In the US, Federal Open Market Committee issues its statement regarding interest rates and Monetary Policy. This will influence current market activity as well as

Forex Daily Outlook – April 21st 2010

After an exciting day and before another busy one, today’s calendar is rather light. British employment figures will stand out. Let’s see what’s up for today. The Euro received good figures and managed to stabilize despite Greek troubles. No data is due today from Europe, but Greek news can always appear

Forex Daily Outlook – April 7th 2010

Traders returned to the markets in a storm after the Easter holiday, and this day also provides lots of action: a rate decision in Japan, Ben Bernanke’s speech and many important figures from all over the world. Let’s see what’s awaiting us today. A quick reminder of yesterday: the Aussie enjoyed another rate hike, the

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

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,

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

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,

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

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