Forex Daily Outlook – January 13th 2010
Topics: beige book, building consents, core machinery orders, cpi, daily forex forecast, eur/usd, federal budget balance, forex trading, ForexCrunch, gbp/usd, manufacturing production, niesr gdp estimate, recession
The dollar is certainly fighting back after dropping at the beginning of the week. Today’s most interesting figures come from Britain, which sees more range trading. Let’s review the events for today: In Europe, French CPI is the only notable indicator today. EUR/USD is having a hard time holding to the new ground after the break. For more on the Euro, read the EUR/USD forecast . British Manufacturing Production is expected to rise by 0.3% after being unchanged last month. This release will shake the Pound, that is struggling. Later in Britain, the NIESR institute will release their monthly GDP estimate. In this release they’ll cover the whole fourth quarter and they’ll give an early unofficial indication if Britain is out of recession. For more on GBP/USD…

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