Forex Daily Outlook – January 12th 2010

The week started with weakness in the dollar, including Sunday gaps in some currency pairs. Today’s main event is a double-feature trade balance release in the US and Canada. Let’s see what’s up for today:

British figures start the day: BRC Retail Sales Monitor, also known as the mini-retail-sales is expected to rise modestly. The RICS House Price Balance is predicted to rise to 38%, indicating a wide rise in British house prices.

Later in Britain, Trade Balance is predicted to show a smaller deficit. For more on GBP/USD, check out the British Pound forecast.

Australian Home Loans are expected to drop by 1.2% after a similar drop last month. The Aussie tested the important 0.9322 resistance line but bounced off it.

For more on the Australian dollar, check out the AUD/USD forecast.

American Trade Balance is expected to show a deeper deficit -34.9 billion compared to 32.2 last time. This will weigh on the dollar, already under pressure.

Canadian trade balance will be published at the same time, and here the story is different: the surplus is expected to rise. Choppy trading will probably be seen in USD/CAD.

Another figure in Canada is the NHPI (New Housing Price Index) which is expected to rise by 0.3%, exactly like last month. For more on the loonie, check out the Canadian dollar forecast.

That’s it for today. Happy forex trading!

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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 [...]

AUD/USD Outlook – January 11-15

Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
The Aussie had an excellent week, riding on good figures. The upcoming week contains important Australian employment numbers, as well as 4 other indicators. Here’s an outlook for the events in Australia and an updated technical analysis for AUD/USD, with a [...]

Forex Daily Outlook – December 9th 2009

The focus today will be on the British government’s Annual Pre-Budget Release, which is expected to encounter the huge deficit. We also have a rate decision from New Zealand among other events. Let’s see what’s up for today:
British figures start the day again: Nationwide Consumer Confidence is released 36 hours before the rate decision and [...]

AUD/USD Forecast – December 7-11

Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
The Aussie enjoyed a rate hike but couldn’t stand against the excellent Non-Farm Payrolls in the US. The upcoming week allows the Aussie to retaliate with its own employment figures. Looking at the previous month, they should be good. There are [...]

Forex Daily Outlook – November 9th

The week begins with renewed risk appetite. The dollar loses ground across the board on optimism from China. Let’s review the events that will impact forex trading in the wake of the new week:
In Australia, Home Loans rose significantly more than expected – by 5.1%. On the other hand, ANZ Job Advertisements disappointed by falling [...]

Australian Dollar Outlook – November 9-13 2009

Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
After another rate hike, the Aussie finishes the week higher, looking forward to a week of many indicators, including the all-important employment figures. Here’s an outlook for 9 important events for the Aussie, and an updated technical analysis for AUD/USD.
AUD/USD chart with [...]

Forex Weekly Outlook – November 9-13 2009

After a very busy week, that finished with painful employment figures in the US, the markets will have more time to digest the news this week. European GDP figures, British and Australian employment figures and US Trade Balance will stand out this week. Let’s see the main events awaiting us this week.
During the weekend, the [...]

Forex Daily Outlook – October 7th 2009

A day after Australia’s rate hike, the forex market continues to feel the dollar’s weakness. Today’s calendar is relatively light, with European figures dominating it. Let’s see what’s on the menu today.
Glenn Stevens’ rate hike yesterday was very dramatic and influenced other currencies as well. The question is: which country will follow with raising the [...]

AUD/USD Outlook – October 5-9 2009

After reaching new highs and retreating, a very busy week awaits the Aussie. A rate decision, employment figures and 4 other indicators are released during the week. Here’s an outlook for major events in Australia, and an updated technical analysis.
AUD/USD forex graph, with support and resistance lines inside. Click to enlarge:

Strong growth in retail sales, [...]

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