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Forex Daily Outlook – June 15th 2009

Today’s highlights are American  TIC Long-Term Purchases a speech by Timothy Geithner. And there are interesting releases in other parts of the globe. Let’s see what’s up for today:

Swiss PPI is predicted to rise by 0.1% after falling last time. The Swiss hope for some rise in prices. This is a critical week for the Swiss Franc.

Deutsche Bundesbank President Axel Weber, a senior member of the ECB, will speak today. Since no other European indicators are published today, his words could well move the EUR/USD.

Canadian  Manufacturing Sales are predicted to fall by 1.5% after plunging by 2.7% last time. For more on the USD/CAD, check out the Canadian Dollar Outlook.

TIC Long-Term Purchases show where the money is going – into the use or outside. The figure is expected to stand at 58.1 billion. Any surprise will shake the greenback across the board.  The Empire State Manufacturing Index is predicted to fall by 4.8 points, deepening last month’s fall of 4.6.

US Treasury Secretary Timothy Geithner is predicted to talk at  the Times Warner Center, in New York. He usually says something he didn’t mean to say, so it’ll be interesting to listen to his speech. Also  Charles Evans and  Daniel Tarullo of the Federal Reserve will speak today.

That’s it for Monday, but there’s lots more along the road. Fur further reading: For a broad look at this week’s events, check out the  Forex Weekly Outlook. And here’s an  outlook on the British Pound this week.

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.