Forex Daily Outlook – August 27 2010
U.S. Gross Domestic Product and Jackson Hole Economic Symposium are the main economic events of this trading weekend. Join us for an outlook on today’s market moving events.
In the U.S., Gross Domestic Product, the main measure of economic activity and growth expected a modest growth of 1.5% in the 2nd quarter compared to 2.4% q/q growth in the first and Prelim GDP Price Index is expected to remain 1.8% as in the previous quarter.
More in the U.S., Federal Reserve Chairman Ben Bernanke delivers a speech titled “The Economic Outlook and the Federal Reserve’s Policy Response” at the Federal Reserve Bank of Kansas City’s Economic Symposium, in Jackson Hole can create significant market volatility.
Finally in the US, Consumer Sentiment, the University of Michigan’s monthly survey of 500 households on their financial conditions and outlook of the economy is expected to a small rise to 69.9 from 67.8 in the previous month and Revised UoM Inflation Expectations reached 2.7% in July is expected to remain the same this month.
Jackson Hole Economic Symposium second and third days attended by central bankers, finance ministers, academics, and financial market participants from around the world. Comments and speeches from central bankers and other influential officials can create significant market volatility this Could Have Wide-Ranging Implications on all markets.
In Europe, German Preliminary Consumer Price Index an indicator of inflation is forecasted 0.2% growth following 0.3% in the previous month and German Import Prices also contributing to inflation is foreseen a small increase of 0.1% after 0.9% rise in the previous month.
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
In Great Britain, Gross Domestic Product, the main measure of economic activity and growth is forecasted to show the same growth of 1.1% q/q in Q2 2010, as shown in the previous quarter.
Later in Hreat Britain, Bank of England Deputy Governor Charles Bean also speaks at the Federal Reserve Bank of Kansas City’s Economic Symposium, in Jackson Hole the main economic event this weekend may create market volatility.
More in Great Britain, Preliminary Business Investment a leading indicator of economic health expected to grow by 2.3% following better than expected 8.7% rise in the previous quarter and Index of Services predicted 0.7% rise after 0.8% in June.
In Switzerland, KOF Economic Barometer index designed to predict the direction of the economy over the following 6 months is expected to reach 2.22 points 0.01 less than the previous month.
Read more about the Pound in the GBP/USD forecast.
That’s it for today. Happy forex trading!
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Forex Daily Outlook – July 30 2010
U.S. Advance GDP, US Employment Cost and Canada’s GDP are the major event at the end of another trading week. Here is an outlook on today’s events. In the US, Advance Gross Domestic Product, the main measure of economic activity and growth in the world’s largest economy will bring the preliminary estimate of the U.S. [...]
Forex Daily Outlook – June 25 2010
The US GDP and US Revised UoM Consumer Sentiment together with the G8 and G20 meetings in Ontario and Toronto, Canada closes this week’s trade. Let’s review the events awaiting us today. In the US, Final GDP expected to maintain 3.0% from the previous quarter reflecting a deceleration in the market. The Final GDP Price [...]
Forex Daily Outlook – May 28 2010
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Forex Daily Outlook – April 30 2010
Moderate changes in the major indexes are foreseen in the U.S. and European markets. The GDP and Employment Cost Index in the U.S. open today’s report. Let’s see what awaits us today. In the US, Advance Gross Domestic Product (GDP), is the earliest GDP release, measuring the annualized change in the inflation-adjusted value of all [...]
Forex Daily Outlook – March 26th 2010
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Forex Daily Outlook – January 29th 2010
The last day of January features the initial release for American GDP among other important events. Let’s see what’s up for today. EUR/USD, the most popular pair is suffering losses. Casey Stubbs keeps up with the moves with fresh analysis all the time.
Forex Weekly Outlook – January 25-29
A busy week is ahead of us: rate decision in the US, Japan and New Zealand and GDP releases from the US, UK and Canada are part of an eventful week. Will we see more dollar strength? Here’s an outlook for the last week of January. Beginning on Wednesday, the World Economic Forum meets in [...]
Forex Daily Outlook – December 23rd 2009
The eve of Christmas Eve has a few important releases: American New Home Sales, Canadian GDP and more. Some traders are already on vacation, but the markets continue to move. Let’s see what’s up for today. French Consumer Spending start the day with an expected 0.3% rise, less than last month rise. EUR/USD is falling. For more [...]
Forex Weekly Outlook – November 23-27 2009
After a week of renewed dollar strength, the upcoming week provides second releases of GDP in many countries, American Durable Goods Orders and home sales and other figures as well. The beginning of the week is crowded, and then trading will be light as Americans celebrate Thanksgiving. Here’s the weekly outlook. The Aussie and the [...]
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