Forex Daily Outlook – March 15th 2010
After the dollar retreated last week, Monday opens with many US releases. TIC Long-Term Purchases will probably shake the market, among other events. Let’s see what’s up for today:
In Australia, a speech by Malcolm Edey, RBA assistant governor, can move the markets very early in the week. This speech comes a day before the meeting minutes from the latest decision are released.
For more on the Aussie, read the AUD/USD forecast.
In Britain, the Rightmove HPI is expected to show a moderate rise in house prices, possible pushing the Pound and helping its recovery. See more events in the GBP/USD forecast.
Swiss PPI is expected to rise by 0.2%, similar to last month’s rise. The Swiss National Bank doesn’t deny intervention, but has done less recently.
In Europe, the quarterly Employment Change figure is expected to drop again. As this is a late figure, the impact is limited. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Moving to the US, already after a shift to daylight savings time, the Empire State Manufacturing Index will start the day. It’s expected to drop from 24.9 to 21.9 points.
The more important event is the release of TIC Long-Term Purchases, which are predicted to drop to 37 billion. This number was better than expected last month and could surprise again, boosting the dollar.
Also n the US: Capacity Utilization Rate is expected to remain unchanged at 72.6% and Industrial Production will probably rise by0.1% after a 0.9% jump last time.
That’s it for today. Happy forex trading!
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AUD/USD Outlook – March 15-19
The Aussie reached higher ground this week. The upcoming week consists of the meeting minutes of the last rate decision and a few more events. Here’s an outlook for Australian events, and an updated technical analysis for AUD/USD.
AUD/USD chart with support and resistance lines marked. Click to enlarge:
This time, employment figures weren’t outstanding, only OK, [...]
Forex Daily Outlook – October 28th 2009
Risk aversion continues to dominate the markets, and the US dollar enjoys it. Today’s highlights are Durable Goods Orders, New Home Sales and an interesting rate decision in New Zealand. Let’s see what’s on the menu today:
Australian CPI rose by 1% in the previous quarter, exceeding expectations of a 0.9% rise. Trimmed Mean CPI (or [...]
Australian Dollar Outlook – October 26-30 2009
Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
AUD/USD finished the week a little bit higher, and tested new ground. This week’s inflation figures and 5 other indicators will shape the direction of the Aussie. Here’s an outlook for the events that will move the Aussie, and an updated [...]
Forex Daily Outlook – August 18th 2009
Today there are lots of important releases everywhere: American Building Permits and PPI, British CPI and the German ZEW Economic Sentiment are the highlights of this very busy day. And there’s more…Let’s see what’s up for today:
Australia starts the day with the Monetary Policy Meeting Minutes. After hinting on future rate hikes in parliament, we’ll know if [...]
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 interest rate, [...]
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