Forex Daily Outlook – December 14th 2009


The new forex week starts with the Euro at crossroads, after tumbling down on Friday. European industrial production stands out today, among other events. Let’s see what’s up for today:

Japan provides a strong start to the day, with the release of the Tankan Manufacturing Index. This important indicator is expected to advance to -26 points, following -33 last quarter. This is still in the negative zone. Te complementary figure, Tankan Non-Manufacturing Index is expected to advance from -24 to -23.

In Britain, the Rightmove HPI is predicted to show a small rise in prices, after falling b 1.6% last month. GBP/USD is at crossroads, and its moves are closely watched.

For more on the Pound, read the GBP/USD forecast.

In Switzerland, Producer price index is predicted to rise by 0.2% after a fall of 0.4% last month. USD/CHF is already quite far from parity.

In Europe, Industrial Production is expected to drop by 0.6%, after the disappointing rise of only 0.3% last month. Quarterly Employment Change will probably drop as well, but a more modest scale than last quarter’s 0.5%.

For more on the Euro, also on the verge of a drop, read the EUR/USD Forecast.

Canada’s dollar has shown strength against the greenback. Capacity Utilization Rate is expected to remain almost unchanged at 67.7%. Check out the Canadian dollar forecast for more.

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About Author

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.


  1. Jonathan Hackman on

    Forecast for Dec 12 and week was usefull. However how about adding NZD? Last forecast was a while ago. Just a wish..

  2. Thanks for you comment Jonathan. I don’t always have time, but I’ll try to push the NZD/USD outlook next week.