Forex Daily Outlook – March 15th 2010
After the dollar retreated last week, Monday opens with many US releases. TIC Long-Term Purchases will probably shake the market, among other events. Let’s see what’s up for today:
In Australia, a speech by Malcolm Edey, RBA assistant governor, can move the markets very early in the week. This speech comes a day before the meeting minutes from the latest decision are released.
For more on the Aussie, read the AUD/USD forecast.
In Britain, the Rightmove HPI is expected to show a moderate rise in house prices, possible pushing the Pound and helping its recovery. See more events in the GBP/USD forecast.
Swiss PPI is expected to rise by 0.2%, similar to last month’s rise. The Swiss National Bank doesn’t deny intervention, but has done less recently.
In Europe, the quarterly Employment Change figure is expected to drop again. As this is a late figure, the impact is limited. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Moving to the US, already after a shift to daylight savings time, the Empire State Manufacturing Index will start the day. It’s expected to drop from 24.9 to 21.9 points.
The more important event is the release of TIC Long-Term Purchases, which are predicted to drop to 37 billion. This number was better than expected last month and could surprise again, boosting the dollar.
Also n the US: Capacity Utilization Rate is expected to remain unchanged at 72.6% and Industrial Production will probably rise by0.1% after a 0.9% jump last time.
That’s it for today. Happy forex trading!
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Forex Daily Outlook – February 18th 2010
Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well.
The Greek crisis is fading away. EUR/USD isn’t the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases today [...]
Forex Daily Outlook – February 16th 2010
After a rather easy day, the calendar is busy again: British inflation numbers, German ZEW Economic Sentiment and American TIC Long-Term Purchases are the highlights. Let’s start:
In Australia, we’ll get to see why the RBA didn’t raise the rates as expected. The Monetary Policy Meeting Minutes might also reveal future policy.
Also in Australia, NAB Business [...]
Forex Daily Outlook – January 15th 2010
On the last day of the week, there are two major US releases: CPI and Consumer Sentiment, among other figures. Let’s see what’s up for today:
Forex Weekly Outlook – January 11-15
After a turbulent start to the year, the second week also provides may important events: retail sales and inflation figures in the US, key employment figures in Australia and a rate decision in Europe are among the highlights this week. Let’s see what’s awaiting us in the wake of the NFP.
American Non-Farm Payrolls, the most important [...]
Forex Daily Outlook – December 15th 2009
After an easy start on Monday, a long day awaits forex traders. Lots of American numbers are expected, with the TIC Long-Term Purchases on top. Also note British CPI, German economic sentiment and Australian meeting minutes. Let’s review the events of this busy day:
British RICS House Price Balance starts the day early with an expected [...]
Forex Weekly Outlook – December 14-18 2009
The upcoming week in forex trading has the FOMC meeting in the limelight. In addition, British employment figures, Australian GDP and inflation data from all over the world will dominate the scene, in the last full trading week of the year. Here’s a review of the major events in the upcoming week.
American Non-Farm Payrolls, that [...]
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