Forex Daily Outlook – February 8th 2010
The weeks starts with a light calendar, as the echoes of Friday’s Non-Farm Payrolls are still heard. Let’s see what’s up for today. In Switzerland, the Unemployment Rate is predicted to edge up from 4.2% to 4.3%. This is a late and usually unsurprising event. The more important event is Retail Sales. After rising by an annual rate of 0.6% last month, this rise is expected to double to 1.3%. In Europe, the Sentix Investor Confidence will…

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The week started with weakness in the dollar, including Sunday gaps in some currency pairs. Today’s main event is a double-feature trade balance release in the US and Canada. Let’s see what’s up for today: British figures start the day: BRC Retail Sales Monitor, also known as the mini-retail-sales is expected to rise modestly. The...
The week ends with more important releases: British and Canadian retail sales and American inflation numbers among other releases. Let’s review the events: Commodity currencies enjoyed a good week , riding on less fear in the markets. Will they manage to close the week higher? In recent weeks, Fridays were quite crazy. Following the rate decision...
The week is warming up with a busier calendar today. Let’s see what’s awaiting us. Britain starts the day early with two interesting indicators: the BRC Retail Sales Monitor will supply an early indication to retail sales, while the RICS House Price Balance is expected to be weaker than last month, showing a drop in the places where the...
After a holiday in the US, the market return to full gear with a busy day. We have American TIC Long-Term Purchases, a rate decision in Canada, and major events in Britain and Europe. Let’s see what’s up for this long day. Prices in Britain have been picking up, and this could strengthen the Pound bulls. CPI has risen to an annual rate...
The dollar is sweeping the board. Today we have no releases from the US, but important events elsewhere, with British and Canadian retail sales standing out. Let’s see what’s closing this volatile week. Australian Import Prices start the day with an expected fall of 1.7%, following last month’s drop. The Aussie has lost a lot of...
The greenback took a break from rises yesterday, on risk appetite trading. Today’s highlights are a rate decision in Australia and American Pending Home Sales. Let’s see what’s up: Australia starts the day with the NAB Business Confidence, which is finally released. This will be overshadowed by a much more important event: the rate...
The dollar gained back some of the losses amid a light calendar. Also today, there aren’t any huge events, but there are some indicators that will move currencies. Let’s see what’s up for today. British BRC Retail Sales Monitor began the day with a rise of 2.2%. This can hint about the official retail sales figure. The RICS House...
We finally have a busy day today, with many important indicators, especially in Britain. GBP/USD and the Pound crosses will rock today. Let’s see what’s up for today: The upcoming resolution of the Greek crisis sure is helping the Euro by breaking technical levels. EUR/USD is above 1.3750. Australian Home Loans provide a powerful start...
The focus shifts to Britain today that receives a rate decision. There are lots of other important events worldwide. Let’s see what’s up today: Anticipation towards the Non-Farm Payrolls prevents significant breakouts. The markets are tense towards the release on Friday. Australia starts the day with two major releases: Retail Sales are...
The week ends with two revised GDP figures in Britain and in the US, as well as other moving figures. Let’s see what’s awaiting us today. Early in the day, British GfK Consumer Confidence isn’t expected to move from the negative score of -17. This will stop months of slow improvement. Nationwide HPI is an important housing sector...
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