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Forex Daily Outlook – December 24th 2009

The markets will close down during the day. European banks are closed all day, but the American markets are partially open, and there are important releases:

American Durable Goods Orders are expected to rise by 0.6% after dropping by 0.6% last month by the same scale. Core Durable Goods Orders are predicted to jump by 1.1% after a 1.3% disappointing drop last month.

Unemployment Claims, which rose to 480K last week, are predicted to drop back to 571K.

Near the end of the day, significant Japanese figures will be released: Household Spending is expected to rise by 0.5%, less than last month. Japanese Unemployment Rate is expected to tick up from 4.1% to 4.2%.

Tokyo Core CPI is predicted to show continuing deflation in Japan: an annual drop of 1.8%, slightly better than last month 1.9% drop in prices.

That’s it for a short day. There will be no daily outlook tomorrow. Happy holidays!

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.