Forex Daily Outlook – August 26 2010

U.S. Unemployment Claims, Jackson Hole Economic Symposium and Japan’s CPI are the major events today. Here is an outlook on the activities ahead.

In the US, Unemployment Claims rose sharply in August reaching 500K last week this is an ominous signal for the US economy, a drop to 486K is expected now.

More in the US, Mortgage Delinquencies measuring the percentage of MBA-represented mortgages which were at least one payment late during the previous quarter predicted to remain around 10.0% this quarter.

Jackson Hole Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world.. Comments and speeches from central bankers and other influential officials can create significant market volatility this Could Have Wide-Ranging Implications on all markets.

Finally in the US, Natural Gas Storage dropped to 27B last week and is likely to remain the same this week.

In Europe, GfK German Consumer Climate index based on a survey of about 2,000 consumers climbed to 3.9 points in July and is expected to continue rising to 4.1 points this month.

More in Europe, M3 Money Supply measuring change in the total quantity of domestic currency in circulation and deposited in banks forecasted 0.4% rise following the 0.2% rise in June and Private Loans are expected the same rise of 0.4%  after 0.3% rise in the previous month.

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

In Great Britain, CBI Realized Sales index based on a survey of about 160 retail and wholesale companies is expected a 10 point decrease from the 33 point climb in July. Charles Bean will speak tomorrow.

Read more about the Pound in the GBP/USD forecast.

In Switzerland, Employment Level expected to rise by 10K this quarter following 3.96M in the last three quarters.

In Australia, Private Capital Expenditure a leading indicator of economic health predicted 2.3% rise following 0.2% drop in the previous quarter a positive sign for the Australian market.

More in Australia, CB Leading Index a combined reading of 7 economic indicators related to money supply, building approvals, profits, exports, inventories and interest rate spreads expected to remain 0.3%

For more on the Aussie, read the AUD/USD forecast.

In Japan, Tokyo core Consumer Price Index, the most important consumer inflation release is expected to stay below 0% with a reading of -1.2% due to deflation trend as well as National Core CPI predicted -1.1% drop.

More in Japan, Household Spending forecasted to increase by 1.5% following 0.5% increase in the previous month and Unemployment Rate expected to remain 5.3%.
That’s it for today. Happy forex trading!

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Forex Daily Outlook – July 29 2010

U.S. Unemployment Claims the early indicator of Non-Farm Payrolls is the highlight of today’s news. Let’s see what awaits us today. In the US, Unemployment Claims rose last week to 464K worse than expected a smaller rise to 457K is expected now. As an early indicator of Non-Farm Payrolls it has a major effect on [...]

Forex Daily Outlook – June 28 2010

We start the week with exciting news; in New Zealand the NBNZ Business Confidence, Survey,  The Group of Twenty (G20); is entering the second day, in Japan the Retail Sales are rising and lots more, let’s see what awaits us today. In the US, Federal Open Market Committee (FOMC); Reserve Governor Kevin Warsh speaks at [...]

Forex Daily Outlook – May 27 2010

US, Preliminary GDP is expected to rise, Federal Reserve Bank of St Louis President James Bullard delivers a speech in Stockholm and US Unemployment Claims are likely to drop this week. With this we open today’s review. In the US, Preliminary GDP relates to goods and services produced by the economy, is expected to go [...]

Forex Daily Outlook – April 29 2010

Great news from the U.S. – Unemployment decrease and US Treasury Secretary Timothy Geithner’s testimony before the House Appropriations Committee, in Washington DC are at the front of the news today. Let see what else awaits us this day. In the US, Unemployment Claims report, released weekly, shows a decrease in the number of expected [...]

Forex Daily Outlook – March 29th 2010

The new week starts with American Personal Spending among other figures from all over the world. Will EUR/USD resume the downtrend? Let’s see what will move the markets today:

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. [...]

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. [...]

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 [...]

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 [...]

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