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Forex Weekly Outlook – August 24-28 2009

The last week of August brings revised GDP figures in the US and Britain, Durable Goods Orders and more important releases. What will be the dollar’s direction this week? Here’s the weekly outlook. The US dollar made some late gains on Friday afternoon. The Jackson Hole conference going on during the weekend, with the positive feeling

Forex Daily Outlook – July 30th 2009

American Unemployment Claims and British Nationwide HPI are the main dishes for today, and there are more interesting releases. Let’s see what’s up for today: Australian Building Approvals start the day. After plunging by 12.5% last month, they’re expected to bounce back and rise by 7.2%. In Britian, Nationwide HPI is an important release for the

Canadian Dollar Outlook – July 27-31 2009

Canadian Dollar Outlook – July 27-31 2009

Contrary to most currency pairs that are stuck in a narrow range, the Canadian dollar is on the move. It strengthened significantly against the greenback, and stands at a critical level. This week doesn’t feature many Canadian economic indicators, but does feature the monthly GDP, which is released together with the American GDP. Here’s a

Forex Weekly Outlook – July 27-31 2009

The last week of July begins slowly but ends with a bang: American GDP for the first quarter. Also note Durable Goods Orders, a rate decision in New Zealand and GDP in Canada. Let’s see what’s up for the last week of July, and also the last week before the NFA ruling is here

Canadian Dollar Outlook – June 29 – July 3 2009

Canadian Dollar Outlook – June 29 – July 3 2009

USD/CAD went up this week and broke a significant resistance line, before erasing most of its gains. The Canadian dollar will move this week on Canadian GDP, American Non-Farm Payrolls and more Canadian figures. Here’s an outlook for the Canadian dollar, on the turn of the third quarter. Here are the main events for USD/CAD:

Forex Daily Outlook – June 1st 2009

Contrary to usual Monday’s this one starts with many important indicators. In Britain, Manufacturing PMI stands out. In the US, it’s ISM Manufacturing PMI, and don’t forget Canadian GDP…Let’s dive in to the first day of forex trading this month. Australian Retail Sales start the day with an expected rise of 0.5%, much less than

Forex Daily Outlook – April 30th 2009

The economic calendar is packed by events today, with German Unemployment Change, Canadian GDP and American Unemployment Claims being the most important figures. The market is still shaken from yesterday’s Advance GDP and FOMC Statement. Let’s see what’s up for today: In Australia, CB Leading Index rose by 0.2%, showing that the Australian economy is still stable. NAB Quarterly

Forex Daily Outlook – February 27th 2009

American Prelim GDP dominates Friday’s news. A whopping fall of 5.4% is expected in the world’s largest economy. Other than that, European Unemployment Rate, and important Canadian data will also be released. At midnight GMT, the GfK Consumer Confidence will be published in Britain. It’s expected to deepen its fall, and stand at -39.  In Australia, the Private

Forex Weekly Outlook – February 23-27 2009

The upcoming week features a few major releases: German Ifo Business Climate and CBI Realized Sales on Tuesday, British Revised GDP and American Existing Home Sales on Wednesday, British Nationwide HPI and Core Durable Goods Orders on Thursday and the American Prelim GDP on Friday. And of course there’s lots more. After gaining throughout the whole week just to lose everything on

Forex Daily Analysis – January 29th 2009

There’s no anti climax after yesterday’s FOMC statement. Lots of economic indicators are due today across the globe, including Britain’s monthly Nationwide HPI, Core Durable Goods Orders  and New Home Sales in the US among others. FOMC Statement Insight The Federal Reserve left interest rates at 0.25% as expected, but managed to move the markets. They said that