Forex Daily Outlook – November 24th 2009

After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook:

Japan’s BOJ Monthly Report starts the day, with an insight into the economy. On the other side of the day, Japanese Trade Balance surplus is predicted to rise significantly.

In Switzerland, the UBS Consumption Indicator is predicted to rise from last month’s 0.63 points. Swiss Employment Level is predicted to edge up to 3.96 million. Later in the day, SNB Chairman Jean-Pierre Roth will speak. Will he talk about intervention in the forex markets?

In Europe, German Final GDP is predicted to confirm the 0.7% growth in Q3. A better result will boost the Euro. German Ifo Business Climate is expected to rise to 92.6 showing growing confidence. This is an important release for the Euro.

In France, Consumer Spending is expected to rise by 0.5%, after a nice jump last time. In Belgium, the NBB Business Climate is predicted to rise, but remain negative, at -11.3.

Another notable indicator in Europe is Industrial New Orders, which are predicted to rise by 0.7%, a smaller rise than last month. For more on the Euro, read the EUR/USD forecast.

In Britain, BBA Mortgage Approvals are expected to rise up to 44K, another peak. At the same time, Prelim Business Investment for Q3 is predicted to drop by 3.5%, smaller than last quarter’s whopping 10.2% drop that hurt the Pound.

More action is due at the Inflation Report Hearings that will begin in the British parliament. Mervyn King will give a report on the economy, and will later speak in one of the commitees. High volatility is expected.

For more on the British Pound, read the GBP/USD forecast.

In the US, third quarter GDP is predicted to be revised to the downside. The 3.5% growth in Q3, which was doubted by many economists, is predicted to be revised to 2.9% in the second release, also known as Prelim GDP. The markets will shake at this time, 13:30 GMT.

And there’s more from the US: After excellent Existing Home Sales yesterday, house prices are in the limelight today: S&P/CS Composite-20 HPI is expected to show an annualized fall of 9.1%, better than last month. Also note the official HPI, which is predicted to rise by 0.2%.

Later, the CB Consumer Confidence is expected to remain stable this time. Last month, it caused panic when it fell unexpectedly.

The final major event in America is at 19:00 GMT, when the FOMC Meeting Minutes are released. Last month’s decision was quite confusing, yet traders focused on the “extended period of low interest rates”, something that hurt the dollar.

Near the end of the day, RBA Deputy Governor Ric Battellino will make a public appearance, and might impact the Aussie. For more on the Australian dollar, read the AUD/USD forecast.

Get started from as low as $30/month for FXTechstrategy premium services.

That’s it for today. Happy forex trading!

Forex Weekly Outlook – November 23-27 2009

After a week of renewed dollar strength, the upcoming week provides second releases of GDP in many countries, American Durable Goods Orders and home sales and other figures as well. The beginning of the week is crowded, and then trading will be light as Americans celebrate Thanksgiving. Here’s the weekly outlook.
The Aussie and the kiwi [...]

Forex Weekly Outlook – October 12-16 2009

After a week that saw renewed dollar weakness, this week is dominated by inflation and retail sales figures from all over the world. Also note a rate decision in Japan, and employment figures in Britain. There are more figures as well. Let’s see what’s awaiting us this week.
Australia was the first country to raise interest [...]

Forex Daily Outlook – September 2nd 2009

The focus today is mostly in the US: ADP Non-Farm Employment Change and the FOMC Meeting Minutes are the highlights. Also note Australian and European GDP. Let’s see what’s up for today.
Until now, trade ranges have been kept. Even the Japanese Yen, which enjoyed the election results, is losing some of its gains. I’m closely following EUR/GBP [...]

Forex Weekly Outlook – August 31 – September 4 2009

Take a deep breath. The economic calendar is packed this week. We have GDP from Canada, Australia, Switzerland and Europe. There are rate decisions from Europe and Australia. Employment data will come from Europe, Canada and the US – Non-Farm Payrolls are here.
There are lots more figures from all over the globe. Also note non-standard [...]

Pound Rollercoaster Roundup

This was one hell of a week for the British Pound. Different forces moved it up and down. Here’s a summary of this week’s events. What can we learn for next week?
The British Pound got some expected and unexpected news this week. I’ve covered the event in my post Will Retail Sales and GDP Send the [...]

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 [...]

Forex Weekly Outlook – May 18-22 2009

It’s an interesting week ahead in forex: GDP figures in Britain and Japan, CPI in Britain and Canada and American Building Permits in the US are the highlights this week. Let’s see what other major indicators are due this week.
Sunday, May 17th: Yup, important indicators start early, with the PPI Input  in New Zealand. In [...]

Forex Daily Outlook – April 8th 2009

Today’s major events are Australian Home Loans, Canadian Housing Starts and the very interesting FOMC Meeting Minutes.
Australian Home Loans disappointed with a modest rise of 0.4%, contrary to early expectations of a 2%. The Westpac Consumer Sentiment rose by 8.3%, totally different than last time, a fall of 0.1%.
German Trade Balance showed a surplus of 8.9B, [...]

Forex Weekly Outlook – April 6-10 2009

This week features rate decisions from Australia, Japan and Britain. There are also lots of major figures from Canada. Due to Easter, Thursday is packed with indicators, and Good Friday is good for resting. Lets’ see what’s on the menu…
Monday, April 6th: The week starts slowly, with European Retail Sales that are expected to drop [...]

« go back — keep looking »

Bad Behavior has blocked 1637 access attempts in the last 7 days.