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Forex Daily Outlook – December 31st 2009

On New Years Eve, there still are a few notable events, especially in Britain. Here’s the last outlook for 2009:

Here’s a song for the new year, by U2:

Australia’s Private Sector Credit is expected to show a small rise of 0.1% after being unchanged last time. For more on the Australian dollar, read the AUD/USD forecast.

In Britain, Nationwide HPI is expected to show another month of rise in house prices, this time by 0.4%, following a 0.5% rise last month. The recovery of home prices doesn’t fully affect the economy.

Later in Britain,  the BOE Credit Conditions Survey will shed some light on borrowing in Britain, and on the whole economy. For more on the Pound, read the GBP USD forecast.

In the US, weekly Unemployment Claims, which helped push the dollar up on Christmas Eve, are expected to rise back again, from 452K to 460K this time.

That’s it for 2009. Tomorrow the markets are closed. See you in 2010!

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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.