Forex Daily Outlook – February 22nd 2010
There’s a busy week ahead, but Monday’s calendar is quite light. Here’s an outlook for the few events and the factors that will impact trading.
Ben Bernanke shocked the financial markets near the end of last week with a hike of the interbank discount rate. While Federal Reserve officials downplayed this move and announced it after the New York close, it had a strong effect on forex trading. Some currencies took it harder than others.
The Greek crisis is on the sidelines, but it might return to the limelight, especially on a day with few events. It currently seems contained, and affects only EUR/USD, but it could impact other currencies as well.
Now for the events:
Australia’s New Motor Vehicle Sales are posted a nice rise last month, and are expected to continue this trend. For more on the Aussie, which is expecting more rate hikes, read the AUD/USD forecast.
In Canada, BOC Senior Deputy Governor Paul Jenkins will make a public appearance and might refer to the central bank’s rate policy. This might move the loonie, currently at the critical 1.04 line. Read more in the Canadian dollar forecast.
Japan closes the day with the Monetary Policy Meeting Minutes which follow an unexciting rate decision. There are many discussions regarding the carry trade, and the yen’ role in it.
That’s it for today. Major events start pouring in tomorrow. Happy forex trading!
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AUD/USD Outlook – February 22-26
The Aussie enjoyed talks about future rate hikes to make gains this week, despite Bernanke’s mini-rate hike. The upcoming week contains a few quarterly releases that will move the Australian dollar. Here’s an outlook for the Aussie and an updated technical analysis for AUD/USD.
AUD/USD graph with support and resistance lines marked. Click to enlarge:
Another reason [...]
Forex Daily Outlook – December 21st 2009
The short Christmas week starts with a light calendar. Canadian retail sales are the only major event. Will the dollar continue to rage?
Japanese Trade Balance starts the day with an expected drop in the surplus. Later in Japan, the BOJ Monthly Report will give a broad view of the economy.
Arabic version of this post
AUD/USD Forecast – December 21-25
Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
The Aussie had a bad week, suffering from a very disappointing GDP release, and losing a major support line. The outlook this week focuses on the technical analysis for AUD/USD, as the short Christmas week doesn’t provide too many indicators.
AUD/USD chart with [...]
Australian Dollar Outlook – November 23-27
Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
The Aussie took a blow, with the greenback taking it out of range in the past week. The Aussie, backed by a strong economy and high interest rates, should fight back. Here’s an outlook for the upcoming events that will shape [...]
Canadian Dollar Outlook – October 12-16 2009
The Canadian dollar enjoyed very good news throughout the week, and broke support lines downwards. Will this trend continue? Here’s an outlook for the main Canadian events, and an updated technical analysis for USD/CAD.
For the latest outlook, check out the section: USD/CAD Forecast.
USD/CAD forex chart, with support and resistance lines marked on it. Click to enlarge:
The [...]
Forex Daily Outlook – August 24th 2009
The forex trading week starts slowly, with Canadian Retail Sales standing out in the summer heat. Let’s see what’s on the menu today:
Australia starts the day and the week with New Motor Vehicle Sales. They rose nicely by 5.7% last time. Will it continue?
For more on the Australian dollar, read the AUD/USD Outlook.
In Europe, Industrial New Orders [...]
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