Dec 11, 2011

Forex Crunch USD/JPY Outlook December 12-16

Forex Crunch USD/JPY Outlook December 12-16

USD/JPY Outlook December 12-16

Posted: 11 Dec 2011 12:00 AM PST

Dollar/yen changed direction and dropped this time, but well within range.Tertiary Industry Activity and the Tankan surveys are the main market-movers this week. Here's an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week Japan’s core machinery orders dropped more than expected slipping 6.9% in October amid growing concern over the euro zone debt crisis and the strong yen. This bad reading adds to the recent declines in corporate spending indicating a general slowdown. Will Japan succeed to distance itself from the European debt crisis?

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NZD/USD Outlook December 12-16

Posted: 10 Dec 2011 03:00 PM PST

The kiwi fell and jumped, but eventually finished in the same place. Will it pick a direction now? Westpac Consumer Sentiment is the major event this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD

Last week the Reserve Bank of New Zealand maintained rates at 2.50% despite the positive state of the NZ economy the RBNZ members are still worried about the European debt crisis situation which may badly affect global markets. Meantime REINZ house price index increased by 1.1% after 0.3% drop in the previous month. Will NZ continue to grow despite the current global situation?

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USD/CAD Outlook December 12-16

Posted: 10 Dec 2011 09:14 AM PST

The Canadian dollar kept its balance against the greenback. How will Mid-east tensions move the pair? Leading Index and Foreign Securities Purchases are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for the Canadian dollar.

Last week the Bank of Canada members left the interest rate unchanged at 1% confident in the current market situation but worried about possible downside risks from the European continent. Ivey PMI jumped in October to 59.9 after dropping to54.4 in September indicating improvement in the Canadian economy. WillCanada be able to avoid the harsh impact of the European debt crisis?

Read the rest of the article USD/CAD Outlook December 12-16

EUR/USD Outlook December 12-16

Posted: 10 Dec 2011 06:00 AM PST

Euro/dollar suffered from the refusal of the ECB to help in resolving the debt crisis but its falls were limited. Where will this end? Purchasing managers’ indices, a major German survey are the key figures in the upcoming week. Here is an outlook for these events and an updated technical analysis for EUR/USD.

The ECB cut the rates and helped the banks, but didn’t provide the big bazooka to help solve the struggling indebted countries. In addition, the EU Summit provided nice promises for the future, but no immediate relief. Will the Chinese come to the rescue once again? There are too many doubts.

Read the rest of the article EUR/USD Outlook December 12-16
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