Forex Daily Outlook – February 23rd 2010
A busy day expects traders, with a major survey in Europe, American consumer confidence and lots more. Let’s see what’s awaiting us.
There’s still lots of talk about Bernanke’s mini rate hike. Although Monday saw some recovery, there’s still a notion that the Federal Reserve will be one of the more aggressive central banks regarding rate hikes.
The kiwi dollar will rock at the start of the day upon the release of the quarterly Inflation Expectations. The 2.6% figure is predicted to accelerate.
In its neighbor, Australia, RBA Deputy Governor Ric Battellino will make a public appearance and might hint something about future rates. For more on the Aussie, read the AUD/USD forecast.
In Switzerland, the UBS Consumption Indicator will probably show more improvement in the Swiss economy.
In France, Consumer Spending leaped by 2.1% last month and is now expected to cool down by 0.6%. A more important figure comes from Germany, where the Ifo Business Climate is predicted to rise from 95.8 to 96.3 points. This will shake the Euro.
The last European figure comes from Belgium – the NBB Business Climate will probably rise from -7 to -5 points, still in the negative zone. For more on the Euro, read the EUR/USD forecast and Casey’s latest technical analysis.
Mervyn King will have his chance to shake the Pound today: in an official hearing in parliament, he’ll speak about inflation (which he denies) and the economy et large. These hearing may take many hours, and his comments usually hurt the Pound.
Apart from King, also his deputy Paul Tucker will make a public appearance and might move the Pound. Also in Britain, BBA Mortgage Approvals are predicted to slip from 45.9 to 45.3K.
For more on the Pound, read the GBP/USD forecast.
In the US, S&P/CS Composite-20 HPI is expected to show an annual drop of 2.9% in house prices, less than last month’s number -5.3%. Year to year comparisons will start showing rises soon.
The main release in the US is the CB Consumer Confidence which will probably edge down from 55.9 to 55 points, still on high ground. Also in the US, Federal Reserve Bank of St Louis President James Bullard will speak. He had a role in calming the markets after the rate move.
Japan’s Trade Balance closes the day. It’s predicted to remain almost unchanged.
That’s it for today. Happy forex trading!
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.
EUR/USD Outlook – February 22-26
A sixth negative week brings the Euro close to another major support line. The upcoming week is quite eventful in the Euro-zone, with the IFO survey, inflation numbers and final German GDP standing out among the many events. Here’s an outlook for this week’s European events, and an updated technical analysis for EUR/USD on its [...]
Forex Daily Outlook – January 22nd 2010
The dollar is sweeping the board. Today we have no releases from the US, but important events elsewhere, with British and Canadian retail sales standing out. Let’s see what’s closing this volatile week.
Australian Import Prices start the day with an expected fall of 1.7%, following last month’s drop. The Aussie has lost a lot of [...]
Forex Daily Outlook – December 22nd 2009
We already have a busier day today, with GDP releases from the US, UK and New Zealand, among other events. Let’s see what’s up for today:
European figures start arriving today: the GfK German Consumer Climate is expected to tick down to 3.6 points. This follows similar eases last week. Check out Casey Stubbs’ analysis for [...]
EUR/USD Forecast – December 21-25
Looking for the latest outlook, for the current week? Check out the section: EUR/USD Forecast.
The Euro had a terrible week, hit by bad news and losing major support lines. The upcoming week doesn’t have too many major indicators, but they could still move the Euro. Here’s an outlook for this week’s events, and an updated [...]
Forex Weekly Outlook – December 21-25
After a wild week of raging dollar bulls, we have a short and rather calm week ahead. Before Christmas comes in, we have final GDP releases from the UK and the US, important housing figures from the US, and a few more notable events that will move the markets. Here’s the weekly outlook:
Arabic version of the weekly [...]
Forex Daily Outlook – November 24th 2009
After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook:
Japan’s BOJ Monthly Report starts the day, with an insight into the economy. On [...]
Popular Forex Posts
Daily FX Headlines- Forex Weekly Trading Forecast - 03.15.10 March 13, 2010
- Dollar Threatens a Plunge but Fundamentals Could Prevent a Renewed Bear Trend March 13, 2010
- Price Action Points to a Bullish Breakout but Market Fundamentals May Force a Collapse March 13, 2010
- Has Crude Taken the First Step Towards a Breakout and Reversal? March 13, 2010
- Swiss Franc Vulnerable As SNB Threat Grows March 13, 2010
Stay up to date!
-
-
