Forex Daily Outlook – April 13th 2010

After a wild opening to the week, we have many indicators today. American trade balance and a speech by Bernanke are the highlights of the day. Let’s see what’s awaiting us today.

Most weekend gaps were filled after the initial shock that was seen in the wake of the new week. Note that the Euro and the Swissy still got to keep their gains. Let’s start:

Australia’s NAB Business Confidence starts the day, and it’s expected to drop from the high score of 19 points it reached last month. The Aussie’s breakout on the weekend gap was shattered.

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

In Europe, German Final CPI is expected to confirm the initial read of 0.5%. The WPI (Wholesale Price Index) will probably rise by 0.5%, stronger than last month. French consumer prices are expected to rise by 0.5%, similar to last month. Stronger rises are needed in these inflation figures to push the Euro higher.

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

In Britain, Trade Balance is predicted to show a smaller deficit – 7.3 billion instead of 8 billion. The Pound’s breakout was erased during the day.

For more on the Pound, read the GBP/USD forecast.

Trade balance is also published at the same time in the US and Canada – the American deficit is predicted to grow to 38.5 billion, slightly higher than beforehand, while the Canadian surplus is expected to remain similar to last month 700 million.

Also in Canada, the New House Price Index (NHPI) will probably rise by 0.5%, better than last month’s rise.

The loonie is still struggling with parity.For more on the loonie, read the USD/CAD forecast.

American Import Prices are predicted to rise by 0.9% after a drop of 0.3% last month. Also in the US: Treasury secretary Timothy Geithner will speak before the American Society of News Editors and might move the markets on comments about the Yuan.

A bigger speech is expected by Ben Bernanke at the National Bankers Association Foundation Literacy Summit. Last week, he didn’t say anything important, but he may always surprise.

In New Zealand, retail sales are predicted to rise by 0.2%, less than last month’s 0.8% rise. Core retail sales are expected to rise by 0.3%, similar to last month’s 0.3% rise.

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EUR/USD Outlook – April 12-16 2010

The Euro finished an exciting week almost unchanged. The upcoming week has inflation figures as well as other indicators. Here’s an outlook for the European events and an updated technical analysis for EUR/USD.
EUR/USD chart with support and resistance lines marked on it. Click to enlarge:

Note that also Euro crosses had an exciting week. In particular, [...]

Forex Daily Outlook – March 12th 2010

Two American figures will be in the limelight todya: retail sales and consumer sentiment. In addition, we have employment figures from Canada and other events. Let’s see what’s up for today.
Up to now, this week saw tight trading, especially in the major pairs. Only the Aussie stood out with a break, enjoying good employment figures [...]

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 – January 15th 2010

On the last day of the week, there are two major US releases: CPI and Consumer Sentiment, among other figures. Let’s see what’s up for today:

EUR/USD Outlook – January 11-15

Looking for the latest outlook, for the current week? Check out the section: EUR/USD Forecast.
Non-Farm Payrolls didn’t move EUR/USD out of its range. This week features a rate decision in Europe and important inflation figures. Here’s an outlook for the upcoming week in Euroland, and an updated technical analysis for EUR/USD.
EUR/USD chart with support and [...]

EUR/USD Outlook – October 12-16 2009

EUR/USD had a good week, regaining the losses of the previous week, and closing higher up its trading range. This week’s ZEW Economic Sentiment, inflation figures and other data will impact EUR/USD. Here’s an outlook for this week’s events in the Euro-zone, and an updated technical analysis for EUR/USD.
For the latest outlook, check out the [...]

Forex Daily Outlook – September 11th 2009

The dollar weakness continued during the Asian session and sent EUR/USD, GBP/USD and NZD/USD to new highs. USD/JPY is at new lows. Will the greenback close the week so low? Prelim UoM Consumer Sentiment and other indicators will move the markets today. Let’s see what’s up for the last day of the week.
German WPI (Wholesale [...]

EUR/USD Outlook – September 7-11 2009

Range trading was the name of the game this week. EUR/USD that closed the week in the same place as last week. Here’s an outlook for this week’s events, and a technical analysis for EUR/USD. Will it break the range this week?
EUR/USD forex graph with uptrend channels

Last week’s rate decision didn’t surprise anybody. Also [...]

Forex Daily Outlook – August 11th 2009

The calendar begins warming up, with a rate decision in Japan standing out. Let’s see what’s up for today:
Australia starts the day with the NAB Business Confidence, a good indicator for the economy. For more on the Australian dollar, check out the AUD/USD Outlook.
In Japan, the Overnight Call Rate is predicted to remain unchanged, at 0.1% [...]

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