Forex Daily Outlook – November 10th 2009

Lots of economic indicators are published today, with the German ZEW Economic Sentiment standing out. Let’s see what’s up for dollar continue the plunge?

British figures start the day: BRC Retail Sales Monitor serves as the “mini retail sales” release. It rose by 2.8% last month, and is expected to keep on growing. The RICS House Price Balance shows that more areas are reporting a rising in price. The positive number of 22% is expected to be followed by 29% this time.

Later in Britain, Trade Balance is predicted to remain stable, at a deficit of around 6.2 billion. The CB Leading Index, which is based on data that has already been released, is expected to rise again, despite the recent fall in GDP.

GBP/USD broke the resistance line and is making a sharp move north. For more on the British Pound, read the GBP/USD Forecast.

New: A daily outlook from my partners:

In Japan, the Economy Watchers Sentiment is predicted to rise cautiously to 43.9 points. Near the end of the day, Core Machinery Orders are expected to jump by 3.7%.

Australia’s NAB Business Confidence will be released, and it’s expected to resume rising, after dropping last month. The Aussie is doing well.On the other side of the day, Westpac Consumer Sentiment is expected to continue rising, following last month’s 1.7% rise.

For more on the Australian dollar, read the AUD/USD Forecast.

In Europe, German Final CPI is expected to confirm the early read of a 0.1% – too low for thinking about a rate hike. Following yesterday’s nice rise in the German industrial production, France is also expected to show a rise – but only 0.9%.

The bigger event in Europe is the release of the German ZEW Economic Sentiment. This highly regarded indicator is predicted to fall from 56 to 55.2 points, showing that the recovery in Europe’s largest economy is still slow. The all-European figure is expected to rise to 58.9 points.

For more on the Euro, read the EUR/USD Forecast.

In the US, the falling dollar still doesn’t receive any significant indicators this week, but there a few notable speeches: FOMC members Dennis Lockhart, Janet Yellen and Daniel Tarullo will be speaking today.

Towards the end of the day, kiwi traders will receive the RBNZ Financial Stability Report which is a good indicator the whole economy. NZD/USD made a huge leap in yesterday, and owes some of these gains to the local dairy company of Fonterra, which increased its payout to farmers.

Westpac Consumer Sentiment

Forex Daily Outlook – September 14th 2009

Forex trading began with a stronger dollar this week. European Industrial Production is the highlight of this rather calm day. Let’s see what’s on the menu today.
The late dollar comeback that began late on Friday continues today. While the British Pound and the New Zealand dollar suffer, the Swissy and the Yen are weathering this [...]

Forex Daily Outlook – July 28th 2009

American CB Consumer Confidence and British CBI Realized Sales are the major events for today. And there’s more…Let’s see what’s up for today.
Australian CB Leading Index starts the day. It’s followed by the NAB Quarterly Business Confidence. At 3:00, RBA Governor Glenn Stevens will speak about the Australian economy.
In Switzerland, the UBS Consumption Indicator has fallen in the past two [...]

Forex Daily Outlook – April 17th 2009

The end of this short forex week includes Swiss Retail Sales, Canada’s CPI and the Prelim UoM Consumer Sentiment. Also note some important speeches. Lets’ see what’s up today.
Just as the day starts, Federal Reserve Bank of San Francisco President Janet Yellen will speak. Audience questions can trigger interesting statements.
Australian Import Prices are expected to drop by [...]

Forex Daily Outlook – March 25th 2009

American Core Durable Goods Orders will be in the limelight today, but there are many more important releases around the globe: German Ifo Business Climate, British CBI Realized Sales and American Home Sales will also draw attention. Let’s review all the events.
New Zeland starts the day with Westpac Consumer Sentiment. Last quarter, it stood on 101.3. NZD/USD showed great [...]

Forex Daily Analysis – January 15th 2009

Today’s major event is the rate decision in Europe: The ECB will announce the Minimum Bid Rate at 12:34 GMT. It’s expected to cut rates by 0.5%. More about the ECB’s rate decision. 
After yesterday’s fall, EUR/USD is now trading rather stable, at 1.32.
Japan’s monthly Core Machinery Orders fell by a whopping 16.2%, but the Yen is [...]

Forex Daily Analysis – January 5th 2008

The fresh and exciting Forex trading week began with a stronger US dollar.
EUR/USD now trades at 1.3894, GBP/USD weakened to 1.4472, USD/CHF is now at 1.0784, and the USD/JPY is little changed, at 91.97.
The escalating war in Gaza still dominates the news – Israeli ground operation is weighing on oil prices – something that affects [...]

Forex Weekly Outlook – January 5-9 2008

Finally, after two weeks of holidays, we have a full trading week. And it’s expected to be very exciting!
Monday begins easily, with a speech by FOMC Member Yellen. Federal Reserve Bank of San Francisco President Janet Yellen might give some direction about the money printing that the Federal Reserve plans to spend.
More from the US on the [...]

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