Post Tagged with: "Current Account"
USD/CAD Outlook Nov. 28-Dec. 2
The Canadian dollar couldn’t hold its ground against a rising US dollar, and USD/CAD continued north. GDP and employment figures are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD. The crisis in Europe is definitely taking its toll. The failed German auction was the highlight of an eventful week.
EUR/USD Nov. 21 – Leans Lower as French Rating Endangered
Euro dollar started the week lower, getting close to the bottom border of the range. In Spain, the center-right PP party won a landslide victory and has a mandate for austerity. This doesn’t cheer the markets. France’s perfect AAA is now endangered, and yields remain high. More significant bond buying action from the ECB is still
Forex Daily Outlook November 21 2011
We start the week with some interesting events like Existing Home Sales in the US and Wholesale Sales in Canada as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, Existing Home Sales, monthly indicator to value the sold uptown houses over the last month (without new building), reduced
EUR/USD Outlook November 21-25
Euro/dollar continued lower in a week that saw continued pressure in bond markets and a growing need for serious ECB intervention. The upcoming week consists of 7 events. Here is an outlook for these events, and an updated technical analysis for EUR/USD, now in lower ground. Fresh GDP figures have shown that the recession hasn’t arrived
Forex Daily Outlook – October 25 2011
CB Consumer Confidence in the US and Current Account in the UK are the main events lined up. Let’s see what awaits us today. In the US, The Conference Board (CB) Consumer Confidence, Monthly Survey (around 5,000 homes) to rate the present and upcoming financial conditions and overall economic conditions, rise up to 46.2 points
GBP/USD Outlook – October 24-28
The British pound had an exciting week, with a final break higher. Many speeches and a few indicators are awaiting us in another busy week. Here is an outlook for the British events, and an updated technical analysis for GBP/USD. Headline inflation pierced the 5% mark. In the current environment, this only means more trouble for Britain,
Forex Daily Outlook – October 19 2011
Building Permits 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, Consumer Price Index (CPI), value the price of various goods and services on the last month, due to drop down by 0.1% to 0.3%. Meanwhile the
EUR/USD Outlook – October 17-21
Euro/dollar staged a very impressive recovery on fresh hopes and promises. Will this continue? There are too many doubts. Two major German surveys are the highlights of this week. Here is an outlook for the market moving events, and an updated technical analysis for EUR/USD. Merkel and Sarkozy promised to get serious. Plans for bank recapitalization and a
Forex Daily Outlook – October 10 2011
New week with some interesting news in Europe on the Industrial Production and more. Let’s see what awaits us today. In Europe, French Industrial Production, is a main financial health indicator that value the manufacturers output is about to reduce from 1.5% on September to -0.7% this month. More in Europe, Sentix Investor Confidence, monthly
USD/JPY Outlook – October 10-14
Dollar/yen remains very stable. Too stable. Core Machinery Orders, Tertiary Industry Activity and BOJ Monthly Report are the major events this week.Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week, the Tankan Manufacturing Index gained 2 points as predicted while the non- manufacturing index climbed by a mere 1 point unlike the 3