Forex Daily Outlook – April 15th 2009
Daily Look

Forex Daily Outlook – April 15th 2009

There are lots of economic indicators today from the US, with  TIC Long-Term Purchases and Core CPI being at the center. Let’s dive in:

Revised Industrial Production  is expected to remain with the preliminary results of a plunge of 9.4%. The Japanese economy is suffering.

Another indicator for British housing can be found in Britain’s  DCLG HPI, which is expected to fall by 11.2%.  

CPI and Core CPI in the US are expected to rise by 0.1%. Both of these indices rose higher last time.  Empire State Manufacturing Index  is expected to fall by 35 points, slightly better than -38.2 last time.

TIC Long-Term Purchases, the major release for today is expected to show a surplus of 17.3B, contrary to last month’s dive of 43B. This is a major indicator of where the dollars are flowing.

American  Industrial Production is predicted to squeeze by 0.8%, better than last month’s squeeze of 1.5%.  Also in the US,  Capacity Utilization Rate is expected to dive to 69.7%, from 70.2% last time. This was also revised downwards.  

Near the end of the day, the American Beige Book will give a broad look at the American economy and will shake the markets.

And just before the end of the day,  BRC Retail Sales Monitor in Britain will by interesting to watch.

Happy Forex Trading!

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.