Forex Daily Outlook – September 2 2010

U.S. Unemployment Claims, U.S. Pending Home Sales and the Euro-zone GDP are at the front of the news. Here is an outlook on all market moving events awaiting us today.

In the US, Unemployment Claims was lower than expected in the previous week with 473K a rise of 3000 to 476K is expected now.

More in the US, Non-farm business sector labor productivity decreased at a 0.9 percent annual rate during the second quarter of 2010 a further decline of 1.9% is expected in the third quarter and Revised Unit Labor Costs are predicted to rise 1.3% from 0.2% in the previous quarter in relation to productivity since a drop in a worker’s productivity is equivalent to a rise in their wage.

Later in the US, Pending Home Sales forecasted to edge down 1.3% following 2.6% drop in June and 30.0% in May after a popular tax credit expired at the end of April continuing the gloomy situation in the housing industry.

Federal Reserve Chairman Ben Bernanke testifies on the causes of the recent financial and economic crisis before the Financial Crisis Enquiry Commission, in Washington. Interest rates could be affected and information revealed on future monetary policy.

Finally in the US, Factory Orders predicted to rise 0.4% after 1.2% decline in June and Natural Gas Storage expected to rise by 16B reaching 56B compared to the last week.

In Europe, Euro-zone Gross Domestic Product, the main measure of economic activity and growth expected to grow by 1.0% q/q in Q2 2010, as shown by the preliminary estimate.
More in Europe, Central Bank Interest Rate Announcement, in the midst of a global slowdown and with the sovereign debt problems in the Euro-zone, the European Central Bank would not raise rates until next year.

Finally in Europe, Producer Price Index has a mute effect since released after Germany and France PPI, expected 0.2% rise 0.1% less than in the previous month.

For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.

In Great Britain, Nationwide House prices Index a leading indicator of the housing industry’s health expected to drop 0.3% following 0.5% drop in July and Construction PMI predicted to drop 0.6 points compared to July reaching 53.5 points.

More in Great Britain, Halifax House prices Index a leading indicator of the housing industry’s health increased by 0.6% in July.  This modest rise offset the 0.6% fall in June and is likely to increase this time as well.

Read more about the Pound in the GBP/USD forecast.

In Switzerland, Retail Sales the primary gauge of consumer spending, forecasted to continue its rise by 2.3% after 1.0% rise in June and encouraging sign for the Swiss economy and Gross Domestic Product also predicted to rise by 0.8% following a smaller than expected rise of 0.4% in the previous quarter.

In Australia, Trade Balance surplus is expected to reach 3.11B 0.43B less than the impressive rise in June.

More in Australia, AIG Services Index based on a survey of about 200 service-based companies reached 46.6 points in July and is expected a small rise now.

For more on the Aussie, read the AUD/USD forecast.

In Japan, Japan Capital Spending a leading indicator of economic health , expected to further improve to -6.6% in the 2Q from -11.5%.

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.

Forex Daily Outlook – August 30 2010

A busy week begins with a busy day – US consumer spending is the highlight of today, amongst many releases from around the world. Will we see more devastating figures already today? Or will tension remain high until the Non-Farm Payrolls? Let’s see what’s up for today: In New Zealand, economic figures are released early [...]

Forex Binary Options Setups – August 30 – September 3

Non-Farm Payrolls, GDP releases, consumer confidence and many more high risk news event provide opportunities for binary options on currencies. Here are potential setups for forex this week. Binary options can be utilized as an alternative to the traditional stop loss, as a tool for protecting against false breakouts and lots more. One-hour binary options [...]

NZD/USD Outlook – August 30 – September 3

4 events await kiwi traders in the upcoming week, with the business confidence being the highlight. Here’s an outlook for the events in New Zealand and an updated technical analysis for NZD/USD. NZD/USD daily chart with support and resistance lines marked. Click to enlarge: The kiwi saw tensed range trading in the past week and [...]

AUD/USD Outlook – August 30 – September 3

A very busy week expects Aussie traders, with GDP and 12 other events to rock the currency, that still shakes by the election results. Here’s an outlook for the Australian events and an updated technical analysis for AUD/USD. AUD/USD daily chart with support and resistance lines marked. Click to enlarge: The elections ended in a [...]

Forex Daily Outlook – August 24 2010

We have some interesting updates coming up today, Existing Home Sales in the US, Core Retail Sales in Canada, Inflation Expectations Percentage in New Zealand and more. Let’s see what awaits us today. In the US Existing Home Sales, the main gauge of the condition of the US housing market measuring the number of closed [...]

NZD/USD Outlook – August 23-27

The release of inflation expectations is the highlight of this week’s kiwi indicators. Here’s an outlook for the kiwi in the upcoming week. NZD/USD chart with support and resistance lines marked. Click to enlarge: On one hand, producer prices rose more than expected, boosting the kiwi on expectations for fresh rate hikes. On the other [...]

Forex Daily Outlook – August 19 2010

Very busy day filled with interesting and varied news. Philly Fed Manufacturing Index in the US, James Bullard speaks in Arkansas, Retail Sales in Great Britain, , German PPI in Europe and more. Let’s see what awaits us today. In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance for the first [...]

Forex Daily Outlook – August 13 2010

U.S. Consumer Price Index and Retail sales, US, Consumer Sentiment and Federal Reserve Bank of Kansas President Thomas Hoenig’s speech in Nebraska are the major events closing another trading week. Here is an outlook on today’s market moving events. In the US, Consumer Price Index, the main measure of inflation and U.S. Retail Sales, an important [...]

Forex Daily Outlook – August 11 2010

U.S. and Canada’s Trade Balance followed by British Jobless Claims are the major activities today. Here is an outlook on the market moving events. In the US, American Trade Balance deficit is expected to decrease from 42.3B to 42.0B following the worse than expected deficit increase in May.

keep looking »

  • Forex Crunch

    Forex Crunch is a blog all about the foreign exchange market. It includes and will include: tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts, and whatever is related to Forex. Forex Crunch aims to deal with forex trading, but with a more personal touch. More...

  • Stay up to date!

    Subscribe By Email

    Enter your email address:


    Trade together with Currensee

    Search

  • Forex Crunch Pages

  • Forex Categories

Bad Behavior has blocked 2033 access attempts in the last 7 days.