Forex Daily Outlook – April 19th 2010

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The week begins without too many events, but a speech from Ben Bernanke will stand out. Let’s see what’s on the menu today.

Federal Reserve Chairman Ben Bernanke, head of the central bank in the US, delivers  opening remarks at the Financial Literacy and Education Summit, in Chicago, via satellite. He can move the currency.

In the US, the Conference Board (CB) is expected to rise from 0.1% to 1.0% due to change in the level of a composite index.

Also in the US Federal Reserve Governor Elizabeth Duke delivers a speech titled “Issues in Economic Development” at the International Economic Development Council’s Federal Forum, in Alexandria.

In Canada, International Transactions in Securities are expected to drop to 7.29B from the previous value of 11.83B.

For more on USD/CAD, read the Canadian dollar forecast.

In New Zealand, Consumer Price Index (CPI) is expected to edge up from -0.2% in the last quarter to a forecast of 0.6% in this quarter.

Later In New Zealand, Food Price Index (FPI) previous value of  -1.3%. It will probably be similar this time.

In Great Britain House Price Index (HPI) previous value of  0.1%. Another rise of 0.1% could be seen now.

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

In Japan, Consumer Confidence Households is expected to edge up to 40.2 from the previos monthly value of 39.8. Also in Japan, Change in the total value of services purchased by businesses.  According to the latest monthly forecast it is expected to drop to -0.9%  from 2.9%.

That’s it for today. Happy forex trading!

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About Author

Anat Dror – Senior Writer

I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew.

In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students.

I’ve also worked as a community organizer

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