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Forex Daily Outlook – April 10th 2009

Forex trading is extremely light today, as the holiday of Easter is celebrated. Still, Good Friday features a few indicators.

French Industrial Production is an important figure for the Euro. It’s expected to drop by 1.1%, less than last month’s fall of 3.1%.  

Also in France, CPI is expected to rise by 0.3%. The  French Government Budget Balance is also published today.

Near the end of this thin trading day,  Federal Budget Balance is expected to show a deficit of  -156.3B, less than last month’s  -192.8B. With all the American spending (see Top Dollar Downers), I would expect the budget deficit to be much deeper.

In such thin trading, forex trading may be risky, due to abnormal spikes. If you’re on holiday, enjoy it today…

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.