Forex Daily Outlook – April 17th 2009
Daily Look

Forex Daily Outlook – April 17th 2009

The end of this short forex week includes Swiss Retail Sales, Canada’s CPI and the  Prelim UoM Consumer Sentiment. Also note some important speeches. Lets’ see what’s up today.

Just as the day starts,  Federal Reserve Bank of San Francisco President Janet Yellen will speak. Audience questions can trigger interesting statements.

Australian Import Prices are expected to drop by 0.4%, after jumping by 10.8% last quarter.

Jean-Claude Trichet will speak in Japan, and might hint about the next interest rate cuts. Later in Europe, Trade Balance is estimated to show a deficit of 4.7B.

In Switzerland, Retail Sales are predicted to fall by 0.2% (annually adjusted).  SNB Governing Board Chairman Jean-Pierre Roth will speak today and might shed some light on the central  bank’s next moves.

 It’s Canada’s turn to publish CPI figures: monthly CPI is expected to rise by 0.3%, and  Core CPI    by 0.2%. These are low figures, and also lower than last month.

In the US,  Prelim UoM Consumer Sentiment is expected to keep on rising, from 57.3 to 58.4. The University of Michigan is published a good indicator to know where the wind is blowing. Also note the  Prelim UoM Inflation Expectations.

Just before the week closes, at 16:30 GMT, Fed Chairman Ben Bernanke will speak about “Challenges Presented by Innovations in Financial Services for the Under served”. He can move the markets.

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.