Jan 25, 2010

Forex Crunch Forex Daily Outlook – January 25th 2010

Forex Crunch Forex Daily Outlook – January 25th 2010

Forex Daily Outlook – January 25th 2010

Posted: 24 Jan 2010 11:52 PM PST


The week starts slowly without too many events. American Existing Home Sales stand out today. Let’s see what’s up for today.

Australian producer price index (PPI) disappointed with a drop of 0.4%. This important, quarterly figure was expected to rise by 0.1% after rising in the same manner last quarter. AUD/USD was going up before the release, and slowed down afterwards.

Later in the week, a more important inflation figure is due: CPI. For more on the Aussie, read the AUD/USD forecast.

German GfK Consumer Climate score 3.2 points, less than last month’s 3.4 points. EUR/USD reacted with a small drop from 1.4166 to 1.4136, still within the 1.40 to 1.42 trading range. A more important survey is tomorrow, from Ifo. Read more about the Euro in the EUR/USD forecast.

American Existing Home Sales made nice rises in the past two months, jumping from 5.57 to 6.54 million during this time. A setback is predicted to fall below 6 million – to 5.95 million. This will impact the dollar across the board.

That’s it for today. There’s lots more ahead. Check out the weekly outlook for more.  Happy forex trading!

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.

Technical Levels Outlook Video

Posted: 24 Jan 2010 11:37 PM PST


Guest post by Jason Stapleton, head trading coach at 4xTradersLive.com

Jason summarizes the week and looks forward to the new week in this video. He talks about wins on breakout pairs such as USD/CAD and GBP/JPY which made a breakout and then moves on to talk about EUR/USD, GBP/USD and more. Enjoy!

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.

This posting includes an audio/video/photo media file: Download Now

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