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Canadian Dollar – November 29- December 3

Canadian Dollar – November 29- December 3

GDP and Employment data are the major market-movers this week. Here is an outlook on the events that will shape the price of the Canadian dollar, and an updated technical analysis for USD/CAD. USD/CAD daily chart with support and resistance lines marked. Click to enlarge: Canada’s next budget will not include big new spending plans

Forex Daily Outlook – October 29 2010

We end the week with some interesting data regarding Advance GDP in the US & in GDP in Canada and more news. Let’s see what awaits us today. In the US, Advance GDP, quarterly date of the inflation-adjusted value of all goods and services produced by the economy is about to rise by 0.4 and

Forex Daily Outlook – September 29 2010

U.S. Crude Oil Inventories, FOMC President Eric Rosengre speeks in New York and KOF Economic Barometer in Switzerland are the major events on our calendar. Here is an outlook on today’s market- moving events. In the U.S. Crude Oil Inventories rose by one million last week after a decrease of 1.5M in the week before.

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 29 2010

Some exciting news in the US with S&P/CS Composite-20 HPI, in Britain the Net Lending to Individuals and more interesting events, let’s see what await us today. In the US, a slit rise in the Conference Board (CB) Consumer Confidence, a survey of about 5,000 households which asks respondents to rate the relative level of

Forex Daily Outlook – April 30 2010

Moderate changes in the major indexes are foreseen in the U.S. and European markets. The GDP and Employment Cost Index in the U.S. open today’s report. Let’s see what awaits us today. In the US, Advance Gross Domestic Product (GDP), is the earliest GDP release, measuring the annualized change in the inflation-adjusted value of all

Forex Weekly Outlook – July 27-31 2009

The last week of July begins slowly but ends with a bang: American GDP for the first quarter. Also note Durable Goods Orders, a rate decision in New Zealand and GDP in Canada. Let’s see what’s up for the last week of July, and also the last week before the NFA ruling is here

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

Forex Weekly Outlook – February 23-27 2009

The upcoming week features a few major releases: German Ifo Business Climate and CBI Realized Sales on Tuesday, British Revised GDP and American Existing Home Sales on Wednesday, British Nationwide HPI and Core Durable Goods Orders on Thursday and the American Prelim GDP on Friday. And of course there’s lots more. After gaining throughout the whole week just to lose everything on

Forex Daily Analysis – January 29th 2009

There’s no anti climax after yesterday’s FOMC statement. Lots of economic indicators are due today across the globe, including Britain’s monthly Nationwide HPI, Core Durable Goods Orders  and New Home Sales in the US among others. FOMC Statement Insight The Federal Reserve left interest rates at 0.25% as expected, but managed to move the markets. They said that