Forex Daily Outlook – August 18 2010
Some existing News in New Zealand regarding the PPI Input, in the US updates regarding the Crude Oil Inventories and more. Let’s see what awaits us today.
In Great Britain Monetary Policy Committee Meeting Minutes, It’s a detailed record of the Bank of England (BOE), MPC’s most recent meeting providing in-depth insights into the economic conditions that influenced their vote on where to set interest rates, and offering clues on the outcome of future votes.
In the US, Crude Oil Inventories, the number of barrels of crude oil held in inventory by commercial firms during the past week stabilizes on -3.0M. It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.
For more on USD/CAD, read the Canadian dollar forecast.
In Australia, Melbourne Institute (MI) Leading Index, the level of a composite index based on 9 economic indicators is 0.2%.
More in Australia, Wage Price Index, the price businesses and the government pay for labor, excluding bonuses is 0.9, when businesses pay more for labor the higher costs are usually passed on to the consumer;
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Producer Price Index (PPI) Input the price of goods and raw materials purchased by manufacturers. When manufacturers pay more for goods the higher costs are usually passed on to the consumer stabilized on 1.3% and the PPI Output, the price of goods sold by manufacturers (Only includes goods produced domestically;), is stabilized on 1.8%.
That’s it for today. Happy forex trading!
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GBP/USD Outlook – August 16-20
After the Pound got bad news in the past week and fell, another busy week expects cable traders. Inflation data and retail sales being the highlights. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines on it. Click to enlarge: Apart from the [...]
Forex Daily Outlook – July 21 2010
Some interesting and important news In the U.S., Fed chair Ben Bernanke is to testify in Washington and also data on crude oil inventories, In the U.K. MPC Meeting Minutes, Canada will produce important data on wholesale sales and more. Let’s see what awaits us today. In the US, Federal Reserve Chairman Ben Bernanke; Testifies [...]
GBP/USD Outlook – July 19-23
The initial release of GDP, meeting minutes and retail sales are part of the events that will rock the Pound in a busy week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines marked. Click to enlarge: The Pound got out of [...]
Forex Daily Outlook – June 23 2010
Today’s highlight is the FOMC statement that accompanies the American rate decision, followed by GfK German Consumer Climate in Europe and more exciting news. Let’s see what awaits us today. In the US, New Home Sales expected to drop 69K this month reaching 435K after the sharp rise in May’s report.
GBP/USD Outlook – June 21-25
The emergency budget that the new government will bring to parliament is the main event for the upcoming week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with resistance and support lines on it. Click to enlarge: The past week saw positive news from Britain: unemployment made [...]
Forex Daily Outlook – May 19 2010
US CPI is expected to rise, the US, Federal Open Market Committee Meeting Minutes is released and Canada’s Wholesale Sales are also on the rise.Let’s see what awaits us today. In the US, unlike the decrease of PPI index yesterday the CPI is expected to rise from 0.1% to 0.2% as well as the Core CPI which is [...]
GBP/USD Outlook – May 17-21
A busy week expects cable traders: inflation and retail sales will stand out among the many events. Here’s an outlook for the events that will rock the Pound and an updated technical analysis for GBP/USD, now at lower ground. GBP/USD graph with support and resistance lines on it. Click to enlarge: Yet another improvement was [...]
Forex Daily Outlook – April 21st 2010
After an exciting day and before another busy one, today’s calendar is rather light. British employment figures will stand out. Let’s see what’s up for today. The Euro received good figures and managed to stabilize despite Greek troubles. No data is due today from Europe, but Greek news can always appear.
Forex Weekly Outlook – April 19-23
Contrary to last week, the important events are shared between many countries this time. Among the 12 major events, the highlights are British employment and GDP releases, major German surveys and American durable goods orders. Will we see another roller-coaster week? Here’s the weekly outlook. Greek hopes created weekend gaps, but fresh worries from that [...]
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