Post Tagged with: "ISM Non-Manufacturing PMI"
Forex Weekly Outlook – August 3-7 2009
The first week when the new NFA rules are in effect is also packed with many major indicators. Rate decisions in Australia, Britain and Europe are the hottest events until Friday Non-Farm Payrolls – king of forex. There are lots more important events in the first week of August. Last week closed with GDP for
Risk Aversion Turns the Market Over
After the dollar retreated on all fronts, it made a huge comeback in the last 24 hours on fears that the recovery is not near at all. Review of the turnaround and a look towards the final battle. Ben Bernanke went to testify in Washington. Despite very careful wording, he expressed pessimism. Recovery isn’t as
Forex Daily Outlook – June 3rd 2009
Australian GDP, British and American PMI and Ben Bernanke’s testament are the main indicators for today. And there are lots more. Let’s see what’s on the menu… The day starts with a major indicator: Australia’s GDP is published. GDP is expected to have fallen by 0.2% in the first quarter of 2009. If expectations come
Forex Weekly Outlook – June 1-5 2009
Get ready for a wild week in forex trading. As always in the beginning of the month, the king of forex: Non-Farm Payrolls is dominant. We have rate decisions from Europe, Britain, Canada and Australia. Yup, everything happens this week. And there are loads of other major indicators. Hold tight! Only a big surprise this
Forex Daily Outlook – May 5th 2009
Things are warming up in: Australia publishes a new interest rate, and Ben Bernanke testifies today. There are other important indicators. So what’s on the menu? Australia’s Building Approvals will be a nice warmup to the interest rate decision later on. They’re expected to rise by 2.6%, after climbing by 7.8% last time. Australian Cash Rate
Forex Weekly Outlook – May 4 – 8 2009
Big week ahead in forex trading: Non-Farm Payrolls, Rate decision from Europe, Britain and Australia and employment figures from all over the globe promise an exciting week. Also note the Stress Test results. Let’s dive into the main events for this week: Monday, May 4th: Both British and Japanese banks are on holiday, so trading
Forex Daily Outlook – April 3rd 2009
King of Forex, Non-Farm Payrolls, will dominate the day. Current expectations are for a drop of 659K jobs. Apart from NFP, British, European and American Services PMI figures will be closely watched. Echoes from the G20 summit will also move the markets. The day starts with German Import Prices, which are expected to drop by 0.3%.
Forex Weekly Outlook – March 30 – April 3 2009
Big week ahead in the forex market. Non Farm Payrolls, ECB rate decision and the G20 summit talks will be the highlights of the week. There are lots of other major indicators this week, that begins with important indicators on Sunday night! Here’s what’s cooking for us this week: Sunday, March 29th: There are important
USD/JPY on the March
The Japanese Yen began retreating today, with the USD/JPY above 99. It comes ahead of the ADP Non-Farm Employment Change and of the ISM Non-Manufacturing PMI – two major US figures that will shake the markets. USD/JPY crossed the 99 mark, and is now trading at 99.33. The break of 98.70 resistance line came in the late
Forex Daily Outlook – March 4th 2009
In this mad forex week, Wednesday is relatively a “calm before the storm”. But it’s only relatively, since there are a few important releases today as well, that could help the Euro decide if it’s really breaking out… Australia, the country down under with up over interest rates, showed a surprising contraction: GDP fell by