Forex Daily Outlook – November 10th 2009
Lots of economic indicators are published today, with the German ZEW Economic Sentiment standing out. Let’s see what’s up for dollar continue the plunge?
British figures start the day: BRC Retail Sales Monitor serves as the “mini retail sales” release. It rose by 2.8% last month, and is expected to keep on growing. The RICS House Price Balance shows that more areas are reporting a rising in price. The positive number of 22% is expected to be followed by 29% this time.
Later in Britain, Trade Balance is predicted to remain stable, at a deficit of around 6.2 billion. The CB Leading Index, which is based on data that has already been released, is expected to rise again, despite the recent fall in GDP.
GBP/USD broke the resistance line and is making a sharp move north. For more on the British Pound, read the GBP/USD Forecast.
New: A daily outlook from my partners:
In Japan, the Economy Watchers Sentiment is predicted to rise cautiously to 43.9 points. Near the end of the day, Core Machinery Orders are expected to jump by 3.7%.
Australia’s NAB Business Confidence will be released, and it’s expected to resume rising, after dropping last month. The Aussie is doing well.On the other side of the day, Westpac Consumer Sentiment is expected to continue rising, following last month’s 1.7% rise.
For more on the Australian dollar, read the AUD/USD Forecast.
In Europe, German Final CPI is expected to confirm the early read of a 0.1% – too low for thinking about a rate hike. Following yesterday’s nice rise in the German industrial production, France is also expected to show a rise – but only 0.9%.
The bigger event in Europe is the release of the German ZEW Economic Sentiment. This highly regarded indicator is predicted to fall from 56 to 55.2 points, showing that the recovery in Europe’s largest economy is still slow. The all-European figure is expected to rise to 58.9 points.
For more on the Euro, read the EUR/USD Forecast.
In the US, the falling dollar still doesn’t receive any significant indicators this week, but there a few notable speeches: FOMC members Dennis Lockhart, Janet Yellen and Daniel Tarullo will be speaking today.
Towards the end of the day, kiwi traders will receive the RBNZ Financial Stability Report which is a good indicator the whole economy. NZD/USD made a huge leap in yesterday, and owes some of these gains to the local dairy company of Fonterra, which increased its payout to farmers.
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 – October 8th 2009
Rate decisions are due in Britain and in Europe. There are lots of other events in this very busy day. Will the dollar continue falling? Let’s see what’s up for today. Take a deep breath.
Australia’s employment figures were also an excellent positive surprise, and sent AUD/USD above the resistance line of 0.8950. The number pf [...]
Forex Daily Outlook – September 30th 2009
A very busy day expects forex traders today. In the US, the ADP Non-Farm Payrolls and GDP stand out. There are very important figures from all parts of the world. Let’s see what’s on the menu today:
Australian Building Approvals disappointed and fell by 0.1% instead of rising. Also last month’s figure was revised downwards. On [...]
Forex Daily Outlook – August 4th 2009
A rate decision in Australia and American Pending Home Sales are the main events for today. There are other interesting figures for today. Let’s see what’s on the menu:
Australian Retail Sales bring a strong start to the day. They’re expected to rise by 0.5%, less than last month’s 1% climb. But this is only the [...]
Forex Daily Outlook – July 23rd 2009
Busy day today with American Existing Home Sales and Unemployment Claims dominating the scene. Also note the British Retail Sales. And there’s lots more. Let’s see what’s on the menu:
In Australia, RBA Assistant Governor Dr. Guy Debelle will speak also today, and might move the Aussie.
European Current Account is predicted to remain negative, but with a [...]
Forex Daily Outlook – June 15th 2009
Today’s highlights are American TIC Long-Term Purchases a speech by Timothy Geithner. And there are interesting releases in other parts of the globe. Let’s see what’s up for today:
Swiss PPI is predicted to rise by 0.1% after falling last time. The Swiss hope for some rise in prices. This is a critical week for the Swiss [...]
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