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Forex Daily Outlook – April 30th 2009

The economic calendar is packed by events today, with German Unemployment Change, Canadian GDP and American Unemployment Claims being the most important figures. The market is still shaken from yesterday’s Advance GDP and FOMC Statement. Let’s see what’s up for today: In Australia, CB Leading Index rose by 0.2%, showing that the Australian economy is still stable. NAB Quarterly

Forex Weekly Outlook – April 27 – May 1 2009

This week, features interest rate decisions from the US, Japan and New Zealand. Advance GDP in the US will also be in the limelight, as well as the ISM Manufacturing PMI. Let’s dive into the important figures for the upcoming forex trading week. Monday, April 27th: GfK German Consumer Climate will start the forex trading week, and

Critical Week For The Pound

The British Pound has recovered nicely, and played with 1.50. Next week’s major indicators will play a crucial role in the direction of the Pound. GBP/USD has traded above the magical 1.50 line for the first time since the beginning of the year. This shows the strength of cable. On April 3rd, I gathered the

Comeback of the Pound

The British Pound had a marvelous performance this week. It broke upwards against the dollar and the Euro, and showed some positive economic news for a change. Will Britain emerge quickly from the crisis? GBP/USD is now trading at 1.4820, a price not seen in a long time. This is higher than last week’s peak,

Forex Daily Outlook – April 3rd 2009

King of Forex, Non-Farm Payrolls, will dominate the day. Current expectations are for a drop of 659K jobs. Apart from NFP, British, European and American Services PMI figures will be closely watched. Echoes from the G20 summit will also move the markets. The day starts with German Import Prices, which are expected to drop by 0.3%.

Forex Daily Outlook – April 2nd 2009

Big day in the forex market: G20 summit leaks and statements, and the ECB rate decision will dominate the day. And there’s more… G20 summit talks are now in progress in London. Will the leaders act together? Will they decide on a huge spending plan? What about regulation? All the official and unofficial news from

Forex Daily Outlook – March 26th 2009

Major releases in Britain today will set the course of the Pound, which has shown strength. In America, Final GDP and Unemployment Claims will get attention, and note major releases in Japan and New Zealand near the end of the day. Australia’s RBA Financial Stability Review starts the day. Australia seems to have a very stable

Forex Weekly Outlook – March 23-27 2009

The upcoming forex week has many interesting figures. Britain will get the limelight with lots of important releases: CPI, Nationwide HPI, Retail Sales and more. In the US, Core Durable Goods Orders and Home Sales will be major. Also note New Zealand’s GDP and the German Ifo Business Climate. Let’s see what’s due for us this week. Will

Forex Daily Outlook – February 26th 2009

Lots of data is due today, with 3 major releases in the US: Core Durable Goods Orders, Unemployment Claims and New Home Sales. Important figures are also released in Britain and New Zealand. Take a deep breath… In Australia, Private Capital Expenditure rose by 6%, much much better than expected (-3.1%). AUD/USD now trades at 0.6470.

Forex Weekly Outlook – February 23-27 2009

The upcoming week features a few major releases: German Ifo Business Climate and CBI Realized Sales on Tuesday, British Revised GDP and American Existing Home Sales on Wednesday, British Nationwide HPI and Core Durable Goods Orders on Thursday and the American Prelim GDP on Friday. And of course there’s lots more. After gaining throughout the whole week just to lose everything on