Forex Daily Outlook – January 18th 2010
Daily Look

Forex Daily Outlook – January 18th 2010

The week starts slowly with a holiday in the US for Martin Luther King’s day. We have a few indicators elsewhere before the market returns to full gear. Here’s the outlook.

While the market’s volume is low due to an American holiday, another issue troubles American dealers – the CFTC 1:10 leverage limit – something that will significantly hurt the American forex industry.

The first Australia’s MI Inflation Gauge. It is expected to remain almost unchanged after rising by 0.3% last time. For more on the Aussie, read the AUD/USD forecast.

In Japan, the governor of the central bank, Masaaki Shirakawa is expected to make a public appearance. He might relate to the new finance minister.

In Britain, the Rightmove HPI fell by 2.2% last month, and can rise this time. Britain is seeing better economic conditions lately. For more on GBP/USD, check out the British Pound forecast.

In Canada, Foreign Securities Purchases are expected to remain rather stable at 5.23 billion C$. This release comes a day before the important rate decision. You can find more about the falling USD/CAD in the Canadian dollar forecast.

That’s it for today. Happy forex trading!

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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.