Forex Daily Outlook – May 14th 2009
Daily Look

Forex Daily Outlook – May 14th 2009

Thursday has less indicators than Wednesday and Friday, but there still are important figures, such as American Unemployment Claims and PPI. Let’s see what’s up:

Swiss PPI is expected to turn positive, and rise by 0.6%. At the same time,  SNB Governing Board Member Thomas Jordan will speak. He has moved the markets before. It may happen today as well.

In Europe, the  ECB Monthly Bulletin will be released, and will shed some light on the suffering economies of Europe. In Britain, the  CB Leading Index is published.

Crossing the Atlantic, American Unemployment Claims are predicted to squeeze to 608K. After lat week’s 601K, this number could easily go under 600K.

Also in the US, PPI is predicted to rise by 0.2%, and Core PPI by 0.1%. US inflation seems to be well contained.

Near the end of the day, Retail Sales in New Zealand are predicted to fall by 0.3%. Also Core Retail Sales are expected to fall.

Just before midnight GMT,  Core Machinery Orders are published in Japan, and they are expected to plunge by 4.7%.  

Happy forex trading!

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.