Forex Daily Outlook – March 1st 2010
The first day of March brings a busy calendar which isn’t typical for Mondays. Canadian GDP, European Unemployment Rate and American ISM Manufacturing PMI will stand out today.
As time goes by this week, trading will be more and more influenced by the tension towards the Non-Farm Payrolls. I suggest being careful with this event. OK, let’s start the review:
Australia’s Glenn Stevens might provide final hints to the upcoming rate decision in an early speech. Also in Australia, the AIG Manufacturing Index, Commodity Prices and Current Account will be released, with the latter expected to show a bigger deficit.
Aussie traders have a busy week. For more, read the AUD/USD forecast.
In Europe, German Import Prices are predicted to rise by 0.8% and the Final Manufacturing PMI is expected to be confirmed at 54.1 points.
The more important release in Europe is the Unemployment Rate, which is predicted to tick up from 10 to 10.1%, showing the weakness of the Euro-zone.
For more on the Euro, check out the EUR/USD forecast and Casey Stubbs’ latest analysis.
British Manufacturing PMI always rocks the Pound. After rising up to 56.7 points, the highest score in a long time, this indicator is expected to tick down to 56.5.
Also in Britain, Net Lending to Individuals is expected to drop from 1.2 billion to 0.7 billion, showing less activity. For more on the British Pound, check out the GBP/USD forecast.
In Canada, monthly GDP is expected to rise by 0.4%, exactly as the previous quarter. Note that this release completes Q4 of 2009 and should be interesting to watch.
Also in Canada, RMPI (Raw Materials Price Index), is expected to rise by 1.9%. For more on USD/CAD, read the Canadian dollar forecast.
In the US, Core PCE Price Index is expected to rise by 0.1% while Personal Spending will probably rise by 0.4%. Personal Income is expected to rise by 0.5%.
The more important release is the ISM Manufacturing PMI – this figure jumped to 58.4 points, and is now expected to soften to 57.9, which is also great. A better result will boost the dollar.
Japan closes the day with Household Spending, which is expected to show a year over year rise of 2.6%. The Japanese Unemployment Rate will probably remain unchanged at 5.1%.
That’s it for today. Happy forex trading!
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USD/CAD Outlook – March 1-5 2010
The Canadian dollar retreated this week but didn’t lose too much. The week ahead contains the GDP release, a rate decision and a few more important events. Here’s the outlook for the Canadian events and an updated technical analysis for USD/CAD.
USD/CAD chart with support and resistance lines marked. Click to enlarge:
One figure is missing from [...]
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.
USD/CAD Outlook – January 25-29
Looking for the latest outlook for this week? Check the full section: Canadian Dollar Forecast
A busy week left the Canadian dollar weaker, returning to its previous range. The upcoming week is more light, and consists mostly of the Canadian GDP. Here’s a quick outlook for the events in Canada and an updated technical analysis for [...]
Forex Daily Outlook – January 5th 2010
The second day of 2010 is also rather busy, with American Pending Home Sales and Factory Orders, as well as German employment figures. Let’s see what’s up for today:
The dollar’s weakness on Monday wasn’t enough for major breakouts. Possible breakouts were probably stopped after ISM Manufacturing PMI rose more than expected in the US. I [...]
USD/CAD Outlook – January 4-8 2010
Looking for the latest outlook for this week? Check the full section: Canadian Dollar Forecast
After a holiday week without any events, the Canadian dollar expects all0important employment figures among other indicators. Will the Canadian dollar continue to hold strong against the greenback? Will it break out of range? Here’s an outlook for the major events [...]
Forex Daily Forecast – November 30 2009
The new forex trading week starts off with the Dubai crisis still looming. Canadian GDP, and European inflation will stand out in day with events from all over the world. Let’s see what’s up for the last day of November.
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