Forex Daily Outlook – June 21 2010

Starting the week with a few highlights, Jean-Claude Trichet testifies in Brussels, UK’s earliest report on House Price Index is released and in Japan All Industries Activity is changing. Let’s see what’s up for today.

In Europe with Jean-Claude Trichet, European Central Bank (ECB) President, testifying on Economic and Monetary Affairs before the European Parliament, in Brussels; and as head of the ECB, affecting the short term interest rates regarding future monetary policy;

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

Moving on to Great Britain, Rightmove House Price Index (HPI) is 0.7%, this is the UK’s earliest report on housing inflation which measures the change in the asking price of homes for sale.

Read more about the Pound in the  GBP/USD forecast.

In Switzerland, Governing Board Chairman Philipp Hildebrand speak at the Swiss American Chamber of Commerce, in Zurich; and As head of the central bank, has an effect on controls short term interest rates.

In Australia, New Motor Vehicle Sales, a Monthly report that measures the change in the number of new cars and trucks sold domestically; It’s a sign of consumer confidence in their future financial position

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

In New Zealand, Visitor Arrivals, a monthly report that measures the change in the number of short-term overseas visitors who arrived in the country; an important report since tourism plays an important role in the economy and effect also the GDP.

In Japan, All Industries Activity is about to rise up from -0.8% to 2.1%, a monthly report that measures the change in the total value of goods and services purchased by businesses; It’s a leading indicator that can be an early signal of future economic activity such as hiring, earnings, and investment;

That’s it for today. Happy forex trading!

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