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Forex Daily Outlook – April 13th 2009

Most of the world celebrates Easter on Monday, so there are very few indicators. Let’s see what can move a thin forex market:

In Japan,  Corporate Goods Price Index (CGPI) is expected to fall by 1.7% (annually adjusted), deeper tahn last month’s 1.1% fall.

In Canada, the  BOC Business Outlook Survey could show where the Canadian economy is going. This can shake the USD/CAD which has shown weakness lately.

In New Zealand, Retail Sales are expected to fall by 0.5%, less than last month’s 1.1%. Also Core Retail Sales are expected to drop, but only by 0.1%, after last month’s rise of 0.3%. This is a major indicator for the kiwi. NZD/USD has shown strength lately.

That’s it for Monday. After Easter, there are lots of indicators. Check out the Forex Weekly Outlook for more details.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.