Forex Daily Outlook – March 9th 2010
The dollar gained back some of the losses amid a light calendar. Also today, there aren’t any huge events, but there are some indicators that will move currencies. Let’s see what’s up for today.
British BRC Retail Sales Monitor began the day with a rise of 2.2%. This can hint about the official retail sales figure. The RICS House Price Balance was quite disappointing with a drop to 17%, half the expectations. More regions are reporting a drop in house prices.
Later in Britain, Trade Balance is expected to show a smaller deficit than beforehand, only 6.9 billion. For more on the Pound, read the GBP/USD forecast.
Australia’s ANZ Job Advertisements were excellent, rising by 19.1%. This is a volatile release (it fell by 8.1% last month), but the outcome gives a lot of hope for the official employment figures later in the week.
Also in Australia, the NAB Business Confidence rose from 15 to 19 points, also good for the Aussie. On the other side of the day, Westpac Consumer Sentiment will show how Australian consumers feel about the economy. For more on the Australian dollar, read the AUD/USD forecast.
In Japan, Leading Indicators jumped to 97.1%, exceeding expectations. Later in Japan, Core Machinery Orders are predicted to drop by 3.8% after a leap of 20.1% last time.
In Europe, the only indicator is French Trade Balance. The Euro/Dollar continues the range trading. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Also in the US, the only figure is IBD/TIPP Economic Optimism which is expected to rise. We have more interesting events tomorrow. Check out the forex weekly outlook for more.
That’s it for today. Happy forex trading!
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GBP/USD Outlook – March 8-12
Mervyn King sure got a weaker Pound this week – it collapsed across the board. The upcoming week consists of 8 events that will move the Pound. Here’s an outlook for these events and updated technical analysis for GBP/USD in its lower ground.
GBP/USD graph with support and resistance lines on it. Click to enlarge:
The rate [...]
Forex Daily Outlook – February 9th 2010
The week is warming up with a busier calendar today. Let’s see what’s awaiting us.
Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in the [...]
GBP/USD Outlook – February 8-12
The Pound sure was a victim of the dollar’s storm, especially after the Non-Farm Payrolls. It’s at a nine-month low. The upcoming week consists of an important report by the BOE among other events. Here’s an outlook for British events and an updated technical analysis for GBP/USD.
GBP/USD chart with support and resistance lines marked on [...]
Forex Daily Outlook – January 12th 2010
The week started with weakness in the dollar, including Sunday gaps in some currency pairs. Today’s main event is a double-feature trade balance release in the US and Canada. Let’s see what’s up for today:
GBP/USD Outlook – January 11-15
Looking for the latest outlook, for the current week? Check out the section: British Pound Forecast
The Pound didn’t enjoy the American NFP, and finished lower once again. The upcoming week provides 6 events that will impact the Pound, with the unofficial Q4 GDP being the highlight. Here’s an outlook for the upcoming week in Britain, [...]
Forex Daily Outlook – December 15th 2009
After an easy start on Monday, a long day awaits forex traders. Lots of American numbers are expected, with the TIC Long-Term Purchases on top. Also note British CPI, German economic sentiment and Australian meeting minutes. Let’s review the events of this busy day:
British RICS House Price Balance starts the day early with an expected [...]
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