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!
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Forex Daily Outlook – December 16th 2009
A very long day expects forex traders, with the FOMC meeting in the limelight. Also note British unemployment, Australian GDP, and many more important figures. Let’s see what’s awaiting us:
Australian Dollar Forecast – December 14-18
Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
The Australian dollar puts up a fight to the recent greenback’s strength. The upcoming week contains two major events: GDP for the third quarter and the meeting minutes of the last rate decision, that will give us a hint about another [...]
AUD/USD Forecast – November 30 – December 4
Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
The Aussie was hit quite hard by the Dubai crisis, but didn’t fall to much. The upcoming week’s rate decision is expected to contain a third consecutive rate hike. 9 other events will impact the Australian dollar. Here’s an outlook on [...]
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 [...]
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 [...]
Australian Dollar Outlook – November 2-6 2009
Looking for the latest outlook, for the current week? Check out the section: AUD/USD Forecast
After giving in to the dollar, the Aussie could rise this week on another rate hike. This is part of a very busy week for Aussie traders – there are twelve more events in Australia. Here’s an outlook for the major [...]
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