Forex Daily Outlook – March 1st 2010

The first day of March brings a busy calendar which isn’t typical for Mondays. Canadian GDP, European Unemployment Rate and American ISM Manufacturing PMI will stand out today.

As time goes by this week, trading will be more and more influenced by the tension towards the Non-Farm Payrolls. I suggest being careful with this event. OK, let’s start the review:

Australia’s Glenn Stevens might provide final hints to the upcoming rate decision in an early speech. Also in Australia, the AIG Manufacturing Index, Commodity Prices  and Current Account will be released, with the latter expected to show a bigger deficit.

Aussie traders have a busy week. For more, read the AUD/USD forecast.

In Europe, German Import Prices are predicted to rise by 0.8% and the Final Manufacturing PMI is expected to be confirmed at 54.1 points.

The more important release in Europe is the Unemployment Rate, which is predicted to tick up from 10 to 10.1%, showing the weakness of the Euro-zone.

For more on the Euro, check out the EUR/USD forecast and Casey Stubbs’ latest analysis.

British Manufacturing PMI always rocks the Pound. After rising up to 56.7 points, the highest score in a long time, this indicator is expected to tick down to 56.5.

Also in Britain, Net Lending to Individuals is expected to drop from 1.2 billion to 0.7 billion, showing less activity. For more on the British Pound, check out the GBP/USD forecast.

In Canada, monthly GDP is expected to rise by 0.4%, exactly as the previous quarter. Note that this release completes Q4 of 2009 and should be interesting to watch.

Also in Canada, RMPI (Raw Materials Price Index), is expected to rise by 1.9%. For more on USD/CAD, read the Canadian dollar forecast.

In the US, Core PCE Price Index is expected to rise by 0.1% while Personal Spending will probably rise by 0.4%. Personal Income is expected to rise by 0.5%.

The more important release is the ISM Manufacturing PMI – this figure jumped to 58.4 points, and is now expected to soften to 57.9, which is also great. A better result will boost the dollar.

Japan closes the day with Household Spending, which is expected to show a year over year rise of 2.6%. The Japanese Unemployment Rate will probably remain unchanged at 5.1%.

That’s it for today. Happy forex trading!

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Forex Daily Outlook – January 28th 2010

Yet another busy day awaits forex traders. Economic indicators might be overshadowed by many political events today. Here’s what’s expecting us today:
Apart from scheduled events, US President Barack Obama will make an important speech in his “State of the Union” address. He is expected to talk about the economy after one year in office. This [...]

Forex Weekly Outlook – January 25-29

A busy week is ahead of us: rate decision in the US, Japan and New Zealand and GDP releases from the US, UK and Canada are part of an eventful week. Will we see more dollar strength? Here’s an outlook for the last week of January.
Beginning on Wednesday, the World Economic Forum meets in Davos, [...]

Forex Daily Outlook – December 24th 2009

The markets will close down during the day. European banks are closed all day, but the American markets are partially open, and there are important releases:
Arabic version of the daily outlook
American Durable Goods Orders are expected to rise by 0.6% after dropping by 0.6% last month by the same scale. Core Durable Goods Orders are [...]

Forex Weekly Outlook – December 21-25

After a wild week of raging dollar bulls, we have a short and rather calm week ahead. Before Christmas comes in, we have final GDP releases from the UK and the US, important housing figures from the US, and a few more notable events that will move the markets. Here’s the weekly outlook:
Arabic version of the weekly [...]

Forex Daily Outlook – October 29th 2009

The dollar continues to sweep the markets. Today’s calendar is quite busy, with American GDP standing out. Did the US get out of recession? Or will we see a disappointment like in Britain? Let’s review the main events for today:
Australian  HIA New Home Sales fell by 4.5%, which was rather disappointing. The Aussie is now trading at 0.8995, [...]

Forex Daily Outlook – October 1st 2009

American figures dominate the scene on the first day of the last quarter. Unemployment Claims, Pending Home Sales and Ben Bernanke will stand out. There are many other releases today, including two unemployment rate figures. Let’s see what’s up for today:
German Retail Sales started the day with a serious fall of 1.5%, after last month’s [...]

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    Forex Crunch is a blog all about the foreign exchange market. It includes and will include: tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts, and whatever is related to Forex. Forex Crunch aims to deal with forex trading, but with a more personal touch. More...

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