EUR/USD slid in range and lost the 1.30 line once again, as the debt crisis issues saw no progress, and as Germany looks weaker. President Draghi’s speech German retail sales and a meeting of the Eurogroup are the major events this week. Here is an outlook on the market-movers ahead. Further EU weak data was…
Posts Tagged ‘ unemployment rate ’
USD/CAD Outlook Oct 29-Nov 2
The Canadian dollar got very close to parity with the US dollar, as a potential rate hike can wait for a very long time. GDP and employment data are the highlights of this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week, the BOC Monetary Policy…
Forex Weekly Outlook Oct 29 – Nov 2
The US dollar made gains, including against the other “safe haven” currency – the yen. As one month ends and another begins, will we higher volatility? Important US data is coming our way with ADP Non-Farm Employment Change, Manufacturing PMI and jobless claims which all lead to the all important Non-Farm Payrolls – just days…
UK Unemployment Drops – GBP/USD Rises
The unemployment rate in the UK dropped from 8.1% to 7.9% in August, while no changed was expected. Jobless claims for September also exceeded expectations with a drop of 4K, while no change was predicted. GBP/USD is climbing to 1.6150, extending gains seen earlier in the week. Read the rest of the article UK Unemployment…
Forex Daily Outlook October 17 2012
Building Permits in the US and Claimant Count Change in the UK are the main events today. Here is an outlook on the market-movers awaiting us In the US, Building Permits, outstanding future construction activity indicator, rise of 0.1M is due up to 0.80M from the last month. Read the rest of the article Forex…
GBP/USD Outlook October 15-19
GBP/USD weakened as it dropped below the 1.60 line this week, but recovered to close at 1.6062. This week has eight events, including several key releases. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD. UK numbers did not impress last week, as Trade Balance and Manufacturing Production were sluggish and fell…
Forex Daily Outlook October 11 2012
Unemployment Claims in the US and Unemployment Rate in Australia are the major market-movers. Let see what awaits us today. Group of Seven (G7) Meetings, finance ministers and central bankers from 7 industrialized nations, influence the global policy-making and their policies can impact the currency markets. Read the rest of the article Forex Daily Outlook…
Forex Daily Outlook October 8 2012
We began the week with NZIER Business Confidence in New Zealand and Glenn Stevens testify in Australia as the main highlights on today’s outlook. Let’s see what awaits us today. In Europe, Eurogroup Meetings affects the Eurozone’s financial health by Eurogroup coordinating the economic policies of the 17 euro area member states. Read the rest of…
USD/CHF Outlook October 8-12
The Swiss franc gained about 140 points against the US dollar, as USD/CHF, as the pair ended the week below the 0.93 line. The upcoming week has just two events - the Unemployment Rate and CPI. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. Swiss Retails Sales were strong, easily…