Forex Daily Outlook – November 20th 2009

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The last day of this week is rather quiet, but with a rate decision in Japan. Will the markets continue to be trade in the same ranges?

The BOJ gets together once again to make a rate decision. Japan’s Overnight Call Rate isn’t expected to budge from 0.1% – rock bottom. Yen traders will focus on the Monetary Policy Statement that accompanies the decision, and the following BOJ Press Conference. The Bank of Japan may change the economic forecasts.

Jean-Pierre Roth, head of the Swiss National Bank will be speaking, and might talk about market intervention.

German PPI disappointed last month and fell by 0.5%. This time, it’s predicted to rise by 0.1%, showing that prics aren’t always going down.

Later in Europe, the European Banking Congress organizes an important conference named “Ater the Crisis”. It will discuss exit strategies to the crisis. Two keynote speakers will move the Euro: head of the German Bundesbank, Axel Weber and the president of the ECB – Jean-Claude Trichet.

That’s it for today. Will the markets close the week in a the same trading ranges?

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About Author

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.

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