Forex Daily Outlook – March 9th 2010
The dollar gained back some of the losses amid a light calendar. Also today, there aren’t any huge events, but there are some indicators that will move currencies. Let’s see what’s up for today.
British BRC Retail Sales Monitor began the day with a rise of 2.2%. This can hint about the official retail sales figure. The RICS House Price Balance was quite disappointing with a drop to 17%, half the expectations. More regions are reporting a drop in house prices.
Later in Britain, Trade Balance is expected to show a smaller deficit than beforehand, only 6.9 billion. For more on the Pound, read the GBP/USD forecast.
Australia’s ANZ Job Advertisements were excellent, rising by 19.1%. This is a volatile release (it fell by 8.1% last month), but the outcome gives a lot of hope for the official employment figures later in the week.
Also in Australia, the NAB Business Confidence rose from 15 to 19 points, also good for the Aussie. On the other side of the day, Westpac Consumer Sentiment will show how Australian consumers feel about the economy. For more on the Australian dollar, read the AUD/USD forecast.
In Japan, Leading Indicators jumped to 97.1%, exceeding expectations. Later in Japan, Core Machinery Orders are predicted to drop by 3.8% after a leap of 20.1% last time.
In Europe, the only indicator is French Trade Balance. The Euro/Dollar continues the range trading. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Also in the US, the only figure is IBD/TIPP Economic Optimism which is expected to rise. We have more interesting events tomorrow. Check out the forex weekly outlook for more.
That’s it for today. Happy forex trading!
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AUD/USD Outlook – March 8-12
With interest rate rising to 4%, the Aussie continued north. Australia’s employment figures will be watched this week, among other releases. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD.
AUD/USD graph with support and resistance lines on it. Click to enlarge:
The Aussie hardly felt the American Non-Farm Payrolls. This shows [...]
Forex Daily Outlook – February 18th 2010
Yet another busy day expects traders: a rate decision in Japan, American PPI, and American jobless claims stand out. There are many other events as well.
The Greek crisis is fading away. EUR/USD isn’t the only pair to enjoy this. Also commodity currencies are on the rise, enjoying risk appetite trading. There are no releases today [...]
Forex Daily Outlook – February 16th 2010
After a rather easy day, the calendar is busy again: British inflation numbers, German ZEW Economic Sentiment and American TIC Long-Term Purchases are the highlights. Let’s start:
In Australia, we’ll get to see why the RBA didn’t raise the rates as expected. The Monetary Policy Meeting Minutes might also reveal future policy.
Also in Australia, NAB Business [...]
AUD/USD Outlook – February 15-19
The Aussie finally enjoyed a good week and made some gains. The upcoming week contains lots of important speeches that will shape the direction of the Aussie. Here’s an outlook for this week’s 7 Australian events and and updated technical analysis for AUD/USD.
AUD/USD graph with resistance and support lines marked. Click to enlarge:
Australian employment figures [...]
AUD/USD Outlook – February 8-12
Like other currencies, the Aussie surrendered to the dollar before and after the NFP. The upcoming week brings important employment figures among other events. Here’s an outlook for the events in Australia and an updated AUD/USD technical analysis.
AUD/USD chart with support and resistance lines marked on it. Click to enlarge:
The Aussie suffered from a disappointing [...]
Forex Daily Outlook – February 2nd 2010
The greenback took a break from rises yesterday, on risk appetite trading. Today’s highlights are a rate decision in Australia and American Pending Home Sales. Let’s see what’s up:
Australia starts the day with the NAB Business Confidence, which is finally released. This will be overshadowed by a much more important event: the rate decision in [...]
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