Forex Daily Outlook – July 5 2010

Exiting news to start the week, in Britain interesting raises in House Price Index; in Australia Job Advertisements and in New Zealand Survey of Business Opinion showing optimism. let’s see what await us today.

In Europe, Retail Sales monthly report that measures the change in the total value of inflation-adjusted sales at the retail level is about to rise by 0.5%. It tends to have a relatively muted impact because Germany and France release earlier consumer spending data, and accounts for the majority of overall economic activity.

Also in Europe, Final Services PMI Monthly survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions and measures the Level of a diffusion index based on surveyed purchasing managers in the services industry shows a decries from 56.2 to 55.4 from last month.

Finally in Europe, Sentix Investor Confidence, monthly survey of about 2,800 investors and analysts which asks respondents to rate the relative 6-month economic outlook for the Eurozone and measures the level of a diffusion index based on surveyed investors and analysts; a leading indicator of economic health.

For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.

Moving on to Great Britain, Halifax Bank of Scotland (HBOS) House Price Index (HPI), a leading indicator of the housing industry’s health and measurers the change in the price of homes financed by HBOS; shows an interesting rise from -0.4% to 0.6%..

More in Great Britain, Services PMI Purchasing Managers’ Index (PMI); Monthly survey of purchasing managers which asks respondents to rate the relative level of business conditions and shows stability Level of a diffusion index on the last month of 55.2,

Read more about the Pound in the GBP/USD forecast.

In Switzerland, Real Retail Sales released monthly and messieurs the change in the total value of inflation-adjusted sales at the retail level, shows a rise of 1.4% and affects the overall economic activity

In Australia, Australia and New Zealand Banking Group (ANZ) Job Advertisements, released monthly and mistresses the change in the number of jobs advertised in the major daily newspapers and websites covering the capital cities; shows stability on 4.3%.

Later in Australia, Australian Industry Group (AIG) Services Index, Survey of about 200 service-based companies which asks respondents to rate the relative level of business conditions and measures the level of a diffusion index based on surveyed service-based companies and shows a contraction on 47.5.

Finally in Australia, Melbourne Institute (MI) Inflation Gauge released monthly and provides a monthly look at consumer inflation and is designed to mimic the quarterly government-released Price Index (CPI); data, and measures the change in the price of goods and services purchased by consumers;

For more on the Aussie, read the AUD/USD forecast.

In New Zealand, Survey of Business Opinion quarterly survey of about 3,500 businesses which asks respondents to rate the relative 6-month economic outlook, measures the Level of a diffusion index based on surveyed manufacturers, builders, wholesalers, retailers, and service providers; and indicates optimism of 22.

That’s it for today. Happy forex trading!

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Forex Daily Outlook – July 1 2010

Another busy day is ahead with American Unemployment Claims, American ISM Manufacturing PMI and American Pending Home Sales. Many other events will be reviewed today. Here’s an outlook for the market-moving events that are awaiting us.
In the US, American Unemployment Claims: This weekly figure is still causing trouble for the dollar. Jobless claims refuse to drop below [...]

Forex Daily Outlook – June 28 2010

We start the week with exciting news; in New Zealand the NBNZ Business Confidence, Survey,  The Group of Twenty (G20); is entering the second day, in Japan the Retail Sales are rising and lots more, let’s see what awaits us today.
In the US, Federal Open Market Committee (FOMC); Reserve Governor Kevin Warsh speaks at the [...]

AUD/USD Outlook – June 28 – July 2

Retail Sales as well as building approvals are the highlights in a busy Australian week. Will the Aussie continue north? Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD.
AUD/USD daily chart with support and resistance lines on it. Click to enlarge:

The Chinese move on the yuan is great for Australia, [...]

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.

USD/CAD Outlook – June 21-25

The loonie enjoyed risk appetite for a second week in a row. This week consists of key indicators for the next rate decision. Here’s an outlook for Canadian events and an updated technical analysis for USD/CAD, which is closer to parity once again.
USD/CAD chart with resistance and support lines on it. Click to enlarge:

The markets [...]

Forex Daily Outlook – June 17 2010

We are expected to see US CPI almost unchanged, another decrease in Unemployment Claims and a growing U.S. current account deficit among other events. Let’s review today’s events:
In the US, Core Consumer Price Index is expected a slight rise of 0.1% following 0.0% in May and CPI which also includes volatile factors is expected to [...]

Forex Daily Outlook – June 14 2010

We start the week with a speech by James Bullard, New Motor Vehicle Sales, Retail Sales in New Zealand and more; let’s see what awaits us this today..
In the US, Federal Reserve Bank of St Louis President James Bullard, delivers a speech titled “The Global Recovery and Monetary Policy” at the Institute of Regulation and [...]

GBP/USD Outlook – June 14-18

A very busy week expects cable traders: inflation, employment and retail sales are the highlights. Here’s an outlook for the major events in Britain and an updated technical analysis for GBP/USD.
GBP/USD graph with support and resistance lines on it. Click to enlarge:

The bigger deficit in the trade balance was one of the weights on the [...]

Forex Daily Outlook – June 11 2010

US Core Retail Sales, Retail Sales and Preliminary UoM Consumer Sentiment are the main events today. Let’s see what’s on the menu at present:
In the US, Core Retail Sales and Retail Sales are expected to show a decline in the US economy; Core Retail Sales, from 4.0% to 1.0% and Retail Sales, from 0.4% to [...]

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