Forex Daily Outlook – March 28 2011

We start the week with Pending Home Sales in the US, ECB President Jean-Claude Trichet in Paris and much more. Let’s see what awaits us today.

In the US, Pending Home Sales, homes under contract to be sold but still awaiting the closing transaction, excluding new construction; is about to rise by 2.8%. Triggers a wide-reaching ripple effect.

Later in the US, Personal Spending, total value of inflation-adjusted expenditures by consumers is about to rise by 0.4%. One of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy.

Later on in the US, Core Personal Consumption Expenditures (PCE) Price Index, goods and services purchased by consumers, excluding food and energy. Is about to rise by 0.1%.

Finally in the US, Federal Reserve Bank of Chicago President Charles Evans, due to deliver a speech titled “A Perspective on the Current Economy” at the Darla Moore School of Business, in Columbia.

In Canada, Bank of Canada (BOC) Deputy Governor Jean Boivin, due to speak at the Chartered Financial Analysts Society, in Montreal.

More in Canada,  

For more on USD/CAD, read the  Canadian dollar forecast.

In Europe, European Central Bank (ECB) President Jean-Claude Trichet, due to speak at the Academy of Sciences, in Paris.

For more on the Euro, read the  EUR/USD forecast

In Australia, Reserve Bank of Australia (RBA) Assistant Governor (Economics) Dr. Malcolm Edey, due to speak at the Cards and Payments Australasia 2011 Conference, in Sydney.

For more on the Aussie, read the  AUD/USD forecast.

In New Zealand, Trade Balance, value between imported and exported goods during the reported month is about to rise by 261M.

In Japan, Household Spending, value of inflation-adjusted expenditures by consumers, is about to rise by 0.2%. One of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy.

More in Japan, Retail Sales is due to reduce by 0.5%. The primary gauge of consumer spending, which accounts for the majority of overall economic activity.

That’s it for today. Happy forex trading!