Post Tagged with: "FOMC Statement"
British Pound Outlook – June 22-26 2009
The British Pound has formed a new support line last week, and has narrowed its range. Will it make the break this week? 5 key events will shape the direction of GBP/USD this week: Rightmove HPI, BBA Mortgage Approvals, CBI Realized Sales, Inflation Report Hearings and Nationwide HPI. Here’s an outlook for this week’s key events in the Pound, and
Canadian Dollar Outlook – June 22-26 2009
USD/CAD rose by 150 pips last week, but bounced at the critical 1.1470 mark. On the eve of a new trading week, USD/CAD stands at 1.1350. This week’s FOMC Statement and two Canadian events, Foreign Securities Purchases and a speech by Mark Carney will determine the direction of the loonie. Will it break the huge resistance line?
Forex Weekly Outlook – June 22-26 2009
The two day FOMC meeting will draw most of the attention this week. Will Bernanke hint anything about future rate changes? Also this week, home sales figures in the US, PMI data in Europe and important British figures will shake the market. And of course, the Iranian election crisis is still with us. Here are
Forex Daily Outlook – May 1st 2009
It’s Labor day in Europe, so trading will be thinner than usual. But this May 1st still offers some interesting figures, such as British Manufacturing PMI and American ISM Manufacturing PMI. Let’s see what’s up for today: Japanese Average Cash Earnings start the day, with an expected fall of 2.7%. Later in Australia, Commodity Prices will be published. Commodities are
Forex Daily Outlook – April 30th 2009
The economic calendar is packed by events today, with German Unemployment Change, Canadian GDP and American Unemployment Claims being the most important figures. The market is still shaken from yesterday’s Advance GDP and FOMC Statement. Let’s see what’s up for today: In Australia, CB Leading Index rose by 0.2%, showing that the Australian economy is still stable. NAB Quarterly
GDP And FOMC Roundup – Yen Hurt
Advance GDP and the FOMC Statement supplied much volatility for the forex market. Most currency pair eventually stayed in the same place. Only the Yen was significantly hurt. Advance GDP was very bad: According to the early indicator, the American economy squeezed by 6.1% in the first quarter of 2009, much worse than early expectations
Forex Daily Outlook – April 29th 2009
Big day in forex trading today, when Advance GDP and the new FOMC Statement are published. There are more economic indicators, and there’s the swine flu still influencing the market. Advance GDP in the US is currently expected to show a contraction of 4.8% in the first quarter of 2009. This will be better than
Swine Flu Raises the Dollar
The Swine Flu has ignited fear of more economic woes, which sent the dollar high on risk aversion. How long will this last? The news around the world is dominated by the Swine Flu – or Swine Influenza. This disease, that first made the news after cases in Mexico, now happened in the US and
GDP and FOMC Statement – Super Wednesday Scenarios
The upcoming forex trading week will come to peak on Wednesday, when American Advance GDP and the FOMC Statement will rock the markets on the same day. Here are some scenarios. Forex trading this week features quite an uncommon collision of events: on the same day, April 29th, two major American events will occur: Advance
Forex Weekly Outlook – April 27 – May 1 2009
This week, features interest rate decisions from the US, Japan and New Zealand. Advance GDP in the US will also be in the limelight, as well as the ISM Manufacturing PMI. Let’s dive into the important figures for the upcoming forex trading week. Monday, April 27th: GfK German Consumer Climate will start the forex trading week, and