Forex Daily Outlook – February 9th 2010
The week is warming up with a busier calendar today. Let’s see what’s awaiting us.
Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in the places where the prices of homes are rising.
Later in Britain, Trade Balance is predicted to show a smaller deficit, 6.6 billion instead of 6.8. For more on the British Pound, read the GBP/USD forecast.
In Europe, German Final CPI is predicted to confirm the drop in prices last month at 0.6%. This came after a month of rising prices. Also from Germany, the Trade Balance surplus is expected to dip.
The most important point for the Euro/Dollar is 1.3750. As it continues to settle below this line, the direction continues to be down. For more on the Euro’s week, with its climax on Friday, check out the EUR/USD forecast.
In the US, IBD/TIPP Economic Optimism is predicted to edge up to 49.3. Wholesale Inventories are expected to rise by 0.5%, less than last month’s 1.5% rise.
Australia’s Westpac Consumer Sentiment is released at the end of the day and will probably continue the positive trend of recent months. The Aussie was beaten last week and is expecting important figures later on. For more on the Australian dollar, read the AUD/USD forecast.
Japan closes the day with the release of the Core Machinery Orders, a figure that usually moves the Yen. A rise of 8.1% is expected to follow last month’s big drop.
That’s it for today. Happy forex trading!
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Forex Daily Outlook – November 6th 2009
The busy week comes to an end with the big announcement of the Non-Farm Payrolls. The job market is lagging behind other indicators. Is this going to change? There are other important events as well. Let’s review them:
The day begins with the RBA Monetary Policy Statement from Australia. After the second rate hike this week, [...]
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 7.5% [...]
Forex Daily Outlook – May 8th 2009
The monthly circus of Non-Farm Payrolls is with us today: expectations got better (-590K), and I believe that it’ll be even better than this. There are a few other important economic figures. Let’s dive in:
Australian RBA Monetary Policy Statement will start the day. After the impressing employment data in Australia, the decision to leave interest rates [...]
Forex Daily Outlook – April 8th 2009
Today’s major events are Australian Home Loans, Canadian Housing Starts and the very interesting FOMC Meeting Minutes.
Australian Home Loans disappointed with a modest rise of 0.4%, contrary to early expectations of a 2%. The Westpac Consumer Sentiment rose by 8.3%, totally different than last time, a fall of 0.1%.
German Trade Balance showed a surplus of 8.9B, [...]
Forex Daily Outlook – March 10th 2009
After Monday didn’t bring us much news but some fine breakouts, Tuesday has a wide range data, with British Manufacturing Production and a speech by Ben Bernanke as the highlights of the day. Let’s see what’s up.
Right at midnight GMT, the beaten British Pound will get more news: BRC Retail Sales Monitor and RICS House Price Balance will [...]
Forex Weekly Outlook – March 9-13 2009
After a wild week, the forex market returns to a rather normal week. Major events are the new interest rates from New Zealand and Switzerland, Japanese Final GDP, Australian and Canadian employment figures, American Retail Sales and Trade Balance in both Canada and the US. Here’s the menu for the second week of March:
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