Post Tagged with: "interest rates"
Forex Daily Outlook – November 18th 2009
The dollar retraced some of its losses yesterday. Today, the greenback awaits inflation figures which will probably not convince Bernanke to shorten the extended period of low interest rates. There are many more events around the world. Let’s review them: Australia’s MI Leading Index is expected to continue rising – this figure is based on good figures
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
AUD/USD Outlook – August 17-21 2009
AUD/USD traded between support and resistance lines. It enjoyed the big hint of RBA Governor Stevens regarding a rate hike, but didn’t stop the greenback bulls. Here’s an outlook for this week’s 4 Australian events, and a technical analysis for AUD/USD. AUD/USD forex graph with support and resistance lines marked: Despite holding a rather high
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
Forex Daily Outlook – April 21st 2009
Tuesday features lots of figures from around the world. Canadian interest rate, German ZEW Economic Sentiment and British CPI will be in the limelight. Let’s see what’s up for today. Australia starts the day with the Monetary Policy Meeting Minutes. In its last decision, the RBA cut the rate by 0.25%, a compromise between mixed expectations. To
Inflation? Not So Soon…
Germany’s Finance Minister is worried the world may face an inflation crisis. Up to now, prices are just going down in this crisis. This week’s inflation figures across the world can tell us if this prices are moving, and if interest rates will change a direction. Peer Steinbrueck, Germany’s Finance Minister says that the current crisis is
AUD/USD at Critial Level
Forex trading started very well for the Aussie. It got an Easter bunny – getting close to the major resistance line. Will it break it on thin trading? AUD/USD started this forex trading week with a blast. It closed last week’s trading at 0.7191, which was within the trading range last week. In the wake
AUD/USD Awaiting Employment Data to Move
The interest rate decision and the Home Loans didn’t push AUD/USD over the edge. It trades in a mixed manner. Tonight’s employment figures could move it. If not, the Aussie will enjoy a calm Good Friday… The RBA decided to cut interest rates by 0.25% to 3%. Expectations were mixed between leaving rates unchanged and
Euro Still Suffers Aftershocks
The Euro has been hit by the Italian earthquake and by weak Retail Sales, and seems lost. Which direction will it take? I see a gloomy picture. EUR/USD began the week with a neat weekend gap of nearly 100 pips. The new forex trading week sent EUR/USD above 1.35, and almost at 1.36. But this
Forex Daily Outlook – April 7th 2009
Two rate statements dominate the day. They come from Japan and Australia. Also British data is interesting today. Let’s see what’s up. Forex is big in Japan on Tuesday: BOJ will announce the new Overnight Call Rate. Since the BOJ isn’t expected to change the rate, the focus will be on the Monetary Policy Statement. If the