Post Tagged with: "trade balance"
Forex Daily Outlook – June 9th 2009
After the continuing comeback of the dollar at the wake of the new week, the greenback stopped to rest. Also Tuesday doesn’t provide too many indicators, but two things will stand out: German Industrial Production and a speech by Timothy Geithner. Let’s see what’s on the menu: Australian ANZ Job Advertisements start the day. The fell by
Canadian Dollar – Took a Break or Changed Direction?
After a very volatile week where the USD/CAD bounced off a strong resistance line, the loonie is now tested: Was it just a normal retracement? Or did the trend reverse? 4 major indicators await the Canadian dollar: Housing Starts, Trade Balance, NHPI and a press conference by Mark Carney. Here’s an outlook for this week
Forex Weekly Outlook – June 8-12 2009
After a wild week that exceeded expectations, this week is relatively quiet. Trade Balance will be published almost everywhere. American Retail Sales will also stand out, as well as an interest rate from New Zealand. Here are the major events for this week: Non-Farm Payrolls closed the week with a big surprise. The dollar won
Risk Aversion Turns the Market Over
After the dollar retreated on all fronts, it made a huge comeback in the last 24 hours on fears that the recovery is not near at all. Review of the turnaround and a look towards the final battle. Ben Bernanke went to testify in Washington. Despite very careful wording, he expressed pessimism. Recovery isn’t as
Forex Daily Outlook – June 4th 2009
Huge day in forex trading: Rate decisions from Europe, Britain and Canada dominate the day. Ben Bernanke’s speech will also impact the markets, as well as many other indicators. Let’s dive in… Australian Trade Balance starts the day. The surplus is expected to squeeze from 2.5 billion to 1.7 billion. After GDP was positive, this
Will Australia go Down Under? Aussie Outlook
Australia has avoided recession up to now. This week’s GDP could prove otherwise. In addition, a new interest rate and 3 more major events await the Australian dollar: Retail Sales, Building Approvals and Trade Balance. After AUD/USD reached 0.80, here are the things to look for this week. Australia arguably has the strongest economy in the
Forex Daily Outlook – May 28th 2009
Take a deep breath. There are lots of figures today all over the globe. CBI Realized Sales in Britain, American Durable Goods Orders and New Home Sales stand out. And just before the day ends, there are lots of important figures in Japan. Ready? Let’s dive… Global Events North Korea continues to play dangerous games with the
Forex Daily Outlook – May 26th 2009
Tuesday already features a nice bunch of indicators: CB Consumer Confidence in the US, British Nationwide HPI and lots of European figures. Let’s see what’s on the menu: Inflation Expectations start the day in New Zealand. No surprises are expected with kiwi prices. In Switzerland, UBS Consumption Indicator is an excellent gauge for the Swiss economy. It stood
Forex Daily Outlook – May 25th 2009
It’s Memorial Day in the US, so forex trading will start quite slowly. German Ifo Business Climate and the BOJ Monthly Report will stand out. Let’s see what’s up today. The monthly All Industries Activity figure will be released in Japan. It’s expected to deepen the fall, and plunge by 2.3%. BOJ Governor Masaaki Shirakawa will speak today
Forex Weekly Outlook – May 25-29 2009
After a holiday in the US, forex trading this week will be affected by New and Existing Home Sales, Durable Goods Orders and the second release of GDP. Yup, after a horrible week for the dollar, the scene is dominated by American figures. And of course, there are many interesting figures elsewhere. Let’s see what’s on