Forex Crunch » John Murray

Forex Daily Outlook November 30 2011

anat — Tue, 29 Nov 2011 22:00:06 +0000

US ADP Non-Farm Employment Change and US Pending Home Sales are the main events today. Here is an outlook on the market-movers awaiting us

In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, measures the number of employed people over the last month (without government & farming industry), rise is expected from 110K on October up to 131K.

Read the rest of the article Forex Daily Outlook November 30 2011

USD/CAD Outlook Nov. 28-Dec. 2

anat — Sun, 27 Nov 2011 08:52:07 +0000

The Canadian dollar couldn’t hold its ground against a rising US dollar, and USD/CAD continued north. GDP and employment figures are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.

The crisis in Europe is definitely taking its toll. The failed German auction was the highlight of an eventful week. The loonie felt it through falling oil prices as well as the sweeping strength of the US dollar. In Canada, Retail sales edged up in Canada during September, rising well above expectations gaining 1.0%. The strong growth occurred amid elevated automobile purchases overshadowing August 0.6% increase. Meanwhile, Core sales also grew by 0.5% above the 0.4% gain predicted indicating better market conditions. Will this trend continue?

Read the rest of the article USD/CAD Outlook Nov. 28-Dec. 2

Forex Daily Outlook – June 23 2011

anat — Wed, 22 Jun 2011 21:00:21 +0000

Unemployment Claims in the USA and CBI Realized Sales in Great Britain are the major market-movers. Let see what awaits us today.

In the US, Unemployment Claims, weekly measurements of new unemployment claims filed by Americans over the passing week stabilized last week and forecasted to remain 414K this week.

Read the rest of the article Forex Daily Outlook – June 23 2011

USD/CAD Outlook – June 20-24

anat — Sat, 18 Jun 2011 17:33:44 +0000

The Canadian dollar retreated against the greenback due to the global turmoil and falling oil prices. Retail sales figures are the top event this week. Here’s an outlook for the Canadian trading events, and an updated technical analysis for the Canadian dollar

Read the rest of the article USD/CAD Outlook – June 20-24

Forex Daily Outlook – February 10 2011

anat — Wed, 09 Feb 2011 22:00:09 +0000

Unemployment Claims in the US, Manufacturing Production in the UK are some of the interesting events on this hectic day. Let’s see what awaits us today.

In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week is about to reduce by 4K. It is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

Read the rest of the article Forex Daily Outlook – February 10 2011

Canadian Dollar – February 7-11

anat — Sun, 06 Feb 2011 12:02:45 +0000

Building Permits, Housing Starts and Trade Balance are the hot topics of this week. Here is an outlook on the market-movers ahead and an updated technical analysis for USD/CAD.

The Canadian dollar climbed higher against its U.S. dollar on Feb 2 after hitting its highest level in two weeks and receiving signs that global economic recovery is gathering strength. Will the uprising in Egypt detain this recovery?

Read the rest of the article Canadian Dollar – February 7-11

Forex Daily Outlook – August 24 2010

anat — Mon, 23 Aug 2010 21:00:54 +0000

We have some interesting updates coming up today, Existing Home Sales in the US, Core Retail Sales in Canada, Inflation Expectations Percentage in New Zealand and more. Let’s see what awaits us today.

In the US Existing Home Sales, the main gauge of the condition of the US housing market measuring the number of closed sales of previously constructed homes, condominiums and co-ops, that triggers a wide-reaching ripple effect. The sales of existing homes are expected to expose more weakness in the US housing market with up to 7.2% drop and 4.63 M homes sold in July from 5.37 M in June.

Read the rest of the article Forex Daily Outlook – August 24 2010

USD/CAD Outlook – August 23-27

Yohay — Sat, 21 Aug 2010 20:59:25 +0000

Loonie traders expect a calm week in terms of Canadian events. Here’s an outlook for these events and an updated technical analysis for USD/CAD.

USD/CAD chart with support and resistance lines marked. Click to enlarge:

Read the rest of the article USD/CAD Outlook – August 23-27

Forex Daily Outlook – May 14 2010

anat — Thu, 13 May 2010 21:00:52 +0000

Consumer confidence is rising and so is Industrial Production and Capacity Utilization Rate showing a good climate in the US market. In Canada, BOC Deputy Governor John Murray speaks in Ottawa and Manufacturing Sales are up showing an overall positive air to the leading economies. Let’s see what’s on the menu today.

In the US, consumer confidence is rising according to the Prelim UoM Consumer Sentiment report. It is expected to show an increase of 1.3 points from April’s 72.2 points.

Read the rest of the article Forex Daily Outlook – May 14 2010

USD/CAD Outlook – May 10-14

Yohay — Sat, 08 May 2010 15:00:34 +0000

Various economic events will impact the Canadian dollar in the upcoming week, after the strong rise that was seen in Canadian employment. Here’s an outlook for these events and an updated technical analysis for USD/CAD, now far from parity.

USD/CAD chart with support and resistance lines marked. Click to enlarge:

Read the rest of the article USD/CAD Outlook – May 10-14