Forex Daily Outlook – July 20th 2009
Daily Look

Forex Daily Outlook – July 20th 2009

The week begins with a few early indicators, but no significant releases in the US. Will the currencies break the trading ranges this week? Here’s an outlook for the first day of the week:

The first indicator is published early: on Sunday at 23:00 GMT. British  Rightmove HPI is the first indicator for the Pound in a very hectic week. For more on the cable, check out the British Pound Outlook.

Australia’s PPI is expected to fall by 0.2% after falling by 0.4%. This partially reflects the ease in the price of commodities.

On the other side of the globe, German PPI is expected to rise, this time by 0.5%.

Canadian  Foreign Securities Purchases are predicted to drop to 7.17 billion, after scoring 9.05 billion last month. At the same time,  Wholesale Sales are predicted to plunge by 2.5%, following last month’s trend.

For more on the loonie, read the Canadian Dollar Outlook.

In the US,  CB Leading Index is predicted to rise by 0.5%. Another event that might move the greenback is a speech by  Dennis Lockhart.

Just before the day ends, Japanese  Monetary Policy Meeting Minutes are released.

That’s it. Happy forex trading!

For more on this week’s events, check out the Forex Weekly Outlook.

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.