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Forex Weekly Outlook – July 20-24 2009
The upcoming week in forex trading has many important figures: Canadian rate decision, American Existing Home Sales and British GDP are the highlights, together with Ben Bernanke’s testament. Will the currencies break out of the ranges they cling to? Let’s see what can move them this week
Forex Daily Outlook – June 17th 2009
American CPI, Swiss Retail Sales and British employment figures are the highlights of today. In addition, Ben Bernanke will speak, and there are lots more indicators. Let’s see what’s expecting us on this very busy day. Australia starts the day with the MI Leading Index. Later, Housing Starts are expected to fall by 3.1%. In Japan,
Canadian Dollar Wins Important Week
The Canadian dollar made huge gains against the US dollar this week. USD/CAD has a new direction – south. This happened on ok data in Canada, and the greenback’s weakness across the board. Here’s a roundup, and a look forward. As I wrote at the beginning of the week, it indeed was an important week
Forex Daily Outlook – May 21st 2009
Thursday is busy as usual, despite some holidays in Europe: British Retail Sales, European PMI, and American Unemployment Claims will stand out today. And there’s more… Swiss, German and French banks are on holiday today, so trading might be slightly thinner than usual. Australia’s MI Inflation Expectations might rise on improving economic conditions. Also in
Important Week for the Canadian Dollar
USD/CAD has made a big move downwards during May, and bounced off a major support line. It currently stands near an important line. This week features many important figures in Canada, that will determine the loonie’s direction. Throughout most of 2009, USD/CAD traded above 1.20. It even made a false break above 1.30 in mid-March.
Forex Daily Outlook – April 21st 2009
Tuesday features lots of figures from around the world. Canadian interest rate, German ZEW Economic Sentiment and British CPI will be in the limelight. Let’s see what’s up for today. Australia starts the day with the Monetary Policy Meeting Minutes. In its last decision, the RBA cut the rate by 0.25%, a compromise between mixed expectations. To
Forex Weekly Outlook – March 16-20 2009
The upcoming week in forex features interest rate decisions from the US and Japan, amidst worries from both sides of the Pacific. In addition, German ZEW Economic Sentiment and American Building Permits will be watched on Tuesday, Claimant Count Change in Britain on Wednesday, Unemployment Claims on Thursday, and Canadian Core Retail Sales on Friday. Let’s look at the upcoming week.
Forex Daily Outlook – February 18th 2009
Today features lots of US data, with the Building Permits in the center of attention. Also the Meeting Minutes from both Britain and the US will be carefully read by forex traders. Let’s see what’s on the menu today. In Australia, Quarterly Retail Sales rose by only 0.8%, lower than expectations. Despite this, AUD/USD is back
Forex Daily Analysis – January 21st 2009
After yesterday’s ceremonial inauguration of Barack Obama, today is back to normal. Regular economic news will dominate forex trading. The German PPI (Producer Price Index) is expected to show a fall of 1.1%. Also from Europe, yet another speech from ECB’s Jean Claude Trichet. EUR/USD could fall more after Trichet’s speech. Britain, which saw it’s
Forex Daily Analysis – December 17th 2008
Trading today is in the shadow of yesterday’s historic rate decision in the USA: a rate of 0.25% is unprecedented in America – Bernanke went for it. Currently trading is rather calm – the EUR/USD is resting above 1.40, the GBP/USD is flirting with 1.55 and the Yen managed to pull throug – currently at