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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 and might shed some light on the suffering Japanese economy. Last week, the BOJ expressed cautious optimism at the BOJ Press Conference. Will the positive outlook remain? Maybe the  BOJ Monthly Report will have answers.

In Germany,  Ifo Business Climate is an excellent indicator for the economic mood of the whole continent. It’s expected to rise from 83.7 to 84.9 points, continuing a nice and steady rise.

Also note a speech from  Deutsche Bundesbank President Axel Weber, which is a voting and influential member of the ECB.

Trade Balance is expected drop to 280 million from 324 million. The economy in New Zealand is somewhat fragile…

That’s it. The rest of the week features many other indicators. Check out the Forex Weekly Outlook.

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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.