Forex Daily Outlook – March 8th 2010

The week starts without major releases. German industrial production and Swiss retail sales will stand out. Here’s the daily outlook.

Note that the weak, yet expected Non-Farm Payrolls will still echo in the markets. The dollar enjoyed some strength against the majors last week but lost ground to the commodity currencies. OK, let’s see the events:

Japan starts the day with a few figures: Current Account is expected to rise to a surplus of 1.25 trillion yens. The Economy Watchers Sentiment is predicted to edge up from 38.8 to 40.2 points.

In Switzerland, the unemployment rate is expected to remain unchanged at 4.1%. This figure rarely surprises. The more important release is Retail Sales – after a leap of 4.7%, a strong rise of 2.4% is expected this time.

In Europe, the Sentix Investor Confidence is expected to tick up from -8.2 to -7.6, still in the negative zone, showing pessimism. German Industrial Production is expected to rise by 1.1% after sliding by 2.6% last month. This event usually rocks the Euro.

For more on the Euro’s week, read the EUR/USD forecast. I also recommend catching up with Casey Stubbs’ analyses.

In Britain, MPC member Kate Barker will speak in a conference. Barker is about to step down from position soon, so she might feel more free to speak.

The Pound has seen better days than these. For the events and a technical analysis, check out GBP/USD forecast.

For those of you trading the loonie, an important indicator is due today: Housing Starts are expected to remain unchanged at 186K.

Will USD/CAD continue towards parity? There are technical barriers on the way. Check out the USD/CAD forecast for more.

That’s it for today. Happy forex trading!

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.

EUR/USD Outlook – March 8-12

EUR/USD is getting used to a range also after the NFP. The upcoming week contains many events that will move the Euro. Here’s the outlook for these events and an updated technical analysis for EUR/USD.
EUR/USD graph with support and resistance lines on it. Click to enlarge:

A lot of progress has been made in resolving the [...]

Forex Daily Outlook – February 8th 2010

The weeks starts with a light calendar, as the echoes of Friday’s Non-Farm Payrolls are still heard. Let’s see what’s up for today.
In Switzerland, the Unemployment Rate is predicted to edge up from 4.2% to 4.3%. This is a late and usually unsurprising event. The more important event is Retail Sales. After rising by an [...]

EUR/USD Outlook – February 8-12

The Euro broke down once again, and lost key support this time. The upcoming week is full with events, culminating with the initial releases of GDP on Friday. Here’s an outlook for this week’s events, and an updated technical analysis for EUR/USD, with a look downwards.
EUR/USD chart with support and resistance lines marked on it. [...]

Forex Daily Outlook – January 4th 2010

The first trading day of 2010 begins with a rather busy calendar. American ISM Manufacturing PMI will stand out today as well as echoes from Ben Bernanke’s speech late on Sunday. Let’s see what’s up for today.
Ben Bernanke said that low rates aren’t to blame for the house bubble – bad regulation and bad execution [...]

Forex Weekly Outlook – January 4-8 2010

The first week of 2010 is packed with important events. Starting as early as Sunday with Ben Bernanke and ending with the king of forex – Non-Farm Payrolls. In the middle, there’s a rate decision from Britain, European employment numbers and many important releases from Australia. The holidays are over, and the markets are ready [...]

EUR/USD Outlook – January 4-8 2010

Looking for the latest outlook, for the current week? Check out the section: EUR/USD Forecast.
Happy new year EUR/USD traders! After two slow weeks, the action returns. The upcoming week is packed with economic indicators from a variety of fields. Here’s an outlook for the events that will move the Euro, and an updated and extended [...]

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