Forex Daily Outlook – March 15th 2010
After the dollar retreated last week, Monday opens with many US releases. TIC Long-Term Purchases will probably shake the market, among other events. Let’s see what’s up for today:
In Australia, a speech by Malcolm Edey, RBA assistant governor, can move the markets very early in the week. This speech comes a day before the meeting minutes from the latest decision are released.
For more on the Aussie, read the AUD/USD forecast.
In Britain, the Rightmove HPI is expected to show a moderate rise in house prices, possible pushing the Pound and helping its recovery. See more events in the GBP/USD forecast.
Swiss PPI is expected to rise by 0.2%, similar to last month’s rise. The Swiss National Bank doesn’t deny intervention, but has done less recently.
In Europe, the quarterly Employment Change figure is expected to drop again. As this is a late figure, the impact is limited. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Moving to the US, already after a shift to daylight savings time, the Empire State Manufacturing Index will start the day. It’s expected to drop from 24.9 to 21.9 points.
The more important event is the release of TIC Long-Term Purchases, which are predicted to drop to 37 billion. This number was better than expected last month and could surprise again, boosting the dollar.
Also n the US: Capacity Utilization Rate is expected to remain unchanged at 72.6% and Industrial Production will probably rise by0.1% after a 0.9% jump last time.
That’s it for today. Happy forex trading!
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GBP/USD Outlook – March 15-19
The Pound enjoyed the dollar’s weakness to rise this week, but still under important resistance levels. The upcoming week consists of important employment figures 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. Click to enlarge:
Mervyn King didn’t make public appearances [...]
Forex Daily Outlook – February 15th 2010
The week starts with a strong note, with Japanese GDP. And there are a few more events to watch out for. Here’s the daily outlook.
EUR/USD made a swing move downwards on Friday but closed above 1.3580. Where will it go this week? Check out my EUR/USD forecast for the events that will move the Euro, [...]
GBP/USD Outlook – February 15-19
The upcoming week is very busy for cable traders. Inflation, employment and retail sales are among the many events. Here’s an outlook for this week’s data and an updated technical analysis for GBP/USD.
GBP/USD graph with resistance and support lines marked. Click to enlarge:
One of the things that hurt the Pound this week was the NIESR [...]
Forex Daily Outlook – January 18th 2010
The week starts slowly with a holiday in the US for Martin Luther King’s day. We have a few indicators elsewhere before the market returns to full gear. Here’s the outlook.
While the market’s volume is low due to an American holiday, another issue troubles American dealers – the CFTC 1:10 leverage limit – something that [...]
GBP/USD Outlook – January 18-22
Looking for the latest outlook, for the current week? Check out the section: British Pound Forecast
After moving up across the board, the Pound expects a very busy week: inflation, employment and retail sales are amongst the events that will move the Pound. Here’s an outlook and an updated technical analysis for GBP/USD.
GBP/USD chart with support [...]
Forex Daily Outlook – December 14th 2009
The new forex week starts with the Euro at crossroads, after tumbling down on Friday. European industrial production stands out today, among other events. Let’s see what’s up for today:
Arabic version of this daily outlook
Japan provides a strong start to the day, with the release of the Tankan Manufacturing Index. This important indicator is expected [...]
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