Forex Daily Outlook – June 12th 2009
Daily Look

Forex Daily Outlook – June 12th 2009

It’s a relatively quiet Friday this time. How will the greenback close the week? Here are the event that will influence it…

Japanese  Household Confidence is the first significant event for today. It’s expected to rise to 34.1 points.

In Europe,  German WPI is predicted to rise by 0.1%, almost nothing. French CPI isn’t expected to be much stronger – only 0.2%.

European Industrial Production is already a very significant indicator. It’s expected to fall by only 0.4%, better than last month’s 2%. The European economy is still stalling.

ECB President Jean-Claude Trichet, will talk about the European economy in two speeches in Bulgaria. EUR/USD moved both ways this week. How will it end the week?

For more on the Euro’s week, check out:  EUR/USD – Will it Get on its Feet Again?

In Britain,  BOE Executive Director Paul Fisher and  BOE Chief Economist Spencer Dale will both speak throughout the day. How will the British Pound react?

In the US,  Import Prices are predicted to rise by 1.3%. The highly regarded  University of Michigan Consumer Sentiment is expected to show a continuing improvement. The preliminary figure is predicted to rise to 69.5 points, a number not seen for a long time.

That’s it.

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.